YuanShengTai Dairy Farm Limited Stock Forecast

YuanShengTai Dairy Farm Limited stock price fell more than -8.93% Friday closing at HK$0.102
(Updated on May 17, 2024)

1431.HK Signals & Forecast

The YuanShengTai Dairy Farm Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.106. On a fall, the stock will find some support from the long-term average at approximately HK$0.0991. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -8.93%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for YuanShengTai Dairy Farm Limited stock

YuanShengTai Dairy Farm Limited finds support from accumulated volume at HK$0.100 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$0.0100 between high and low, or 9.80%. For the last week the stock has had daily average volatility of 7.60%.

Our recommended stop-loss: HK$0.0962 (-5.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (1431.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect YuanShengTai Dairy Farm Limited to open at HK$0.105, and during the day (based on 14 day Average True Range), to move between HK$0.0947 and HK$0.109, which gives a possible trading interval of +/-HK$0.0073 (+/-7.17%) up or down from last closing price. If YuanShengTai Dairy Farm Limited takes out the full calculated possible swing range there will be an estimated 14.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.103 (0.98%) than the support at HK$0.100 (1.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is YuanShengTai Dairy Farm Limited stock A Buy?

YuanShengTai Dairy Farm Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.270 Hold/Accumulate Unchanged

Predicted Opening Price for YuanShengTai Dairy Farm Limited of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.