Spring Real Estate Investment Trust Stock Forecast
Strong day for Spring Real Estate Investment Trust stock price on Friday rising 5.00% to HK$2.10
(Updated on May 17, 2024)
The Spring Real Estate Investment Trust stock price gained 5.00% on the last trading day (Friday, 17th May 2024), rising from HK$2.00 to HK$2.10. During the last trading day the stock fluctuated 9.38% from a day low at HK$1.92 to a day high of HK$2.10. The price has risen in 5 of the last 10 days and is up by 12.3% over the past 2 weeks. Volume fell on the last day by -358 thousand shares and in total, 398 thousand shares were bought and sold for approximately HK$835.80 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -5.50% during the next 3 months and, with a 90% probability hold a price between HK$1.61 and HK$1.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1426.HK Signals & Forecast
The Spring Real Estate Investment Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$1.99 and HK$1.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 18.64%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Spring Real Estate Investment Trust stock
Spring Real Estate Investment Trust finds support from accumulated volume at HK$2.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.180 between high and low, or 9.38%. For the last week the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: HK$2.03 (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (1426.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Spring Real Estate Investment Trust to open at HK$2.04, and during the day (based on 14 day Average True Range), to move between HK$2.04 and HK$2.16, which gives a possible trading interval of +/-HK$0.0625 (+/-2.97%) up or down from last closing price. If Spring Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 5.95% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$2.01, some HK$0.0900 (4.29%) from the current price of HK$2.10, our system finds the risk reward attractive.
Is Spring Real Estate Investment Trust stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.261 Buy Candidate Upgraded
Predicted Opening Price for Spring Real Estate Investment Trust of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$2.04 ( 2.86%) | HK$2.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1426.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.22 | 5.71 % | |
| R2 | 2.15 | 2.44 % | ||
| R1 | 2.11 | 0.417 % | ||
| Current price: | 2.10 | |||
| Support | S1 | 1.97 | -6.13 % | |
| S2 | 1.93 | -8.15 % | ||
| S3 | 1.86 | -11.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2.10 | |||
| Support | S1 | 2.01 | -4.29% | |
| S2 | 2.00 | -4.76% | ||
| S3 | 1.82 | -13.33% |
1426 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 29, 2024 | HK$0.0900 | 4.79% |
| 2 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | HK$0.100 | 4.22% |
| 3 | Sep 05, 2022 | Sep 05, 2022 | Sep 05, 2022 | HK$0.112 | 4.23% |
| 4 | Apr 12, 2022 | Apr 12, 2022 | Apr 12, 2022 | HK$0.112 | 4.06% |
| 5 | Sep 06, 2021 | Sep 06, 2021 | Sep 06, 2021 | HK$0.108 | 3.74% |
FAQ
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