Infinity Logistics and Transport Stock Forecast
Green day on Thursday for Infinity Logistics and Transport
(Updated on Apr 25, 2024)
The Infinity Logistics and Transport stock price gained 1.52% on the last trading day (Thursday, 25th Apr 2024), rising from HK$0.330 to HK$0.335. During the last trading day the stock fluctuated 3.03% from a day low at HK$0.330 to a day high of HK$0.340. The price has risen in 5 of the last 10 days and is up by 1.52% over the past 2 weeks. Volume fell on the last day by -10 million shares and in total, 2 million shares were bought and sold for approximately HK$753.75 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.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.349 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -30.71% during the next 3 months and, with a 90% probability hold a price between HK$0.144 and HK$0.242 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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1442.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 4.69%. 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. The Infinity Logistics and Transport stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.346 and HK$0.355. A break-up above any of these levels will issue buy signals. 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.
A buy signal from a double bottom formation was found on Friday, April 05, 2024 and based on theory for this formation the price should go up by 49.87% to HK$0.502 within 29 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Infinity Logistics and Transport stock
Infinity Logistics and Transport finds support from accumulated volume at HK$0.330 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 3.03%. For the last week the stock has had daily average volatility of 9.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1442.HK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Infinity Logistics and Transport Ventures Limited to open at HK$0.335, and during the day (based on 14 day Average True Range), to move between HK$0.304 and HK$0.366, which gives a possible trading interval of +/-HK$0.0309 (+/-9.24%) up or down from last closing price. If Infinity Logistics and Transport Ventures Limited takes out the full calculated possible swing range there will be an estimated 18.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.330 (1.49%) than the resistance at HK$0.345 (2.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Infinity Logistics and Transport Ventures Limited stock A Buy?
Infinity Logistics and Transport holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.982 Sell Candidate Unchanged
Predicted Opening Price for Infinity Logistics and Transport Ventures Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| HK$0.335 ( 0%) | HK$0.335 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1442.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.345 | 2.99 % | |
| R2 | 0.341 | 1.84 % | ||
| R1 | 0.339 | 1.14 % | ||
| Current price: | 0.335 | |||
| Support | S1 | 0.331 | -1.14 % | |
| S2 | 0.329 | -1.84 % | ||
| S3 | 0.325 | -2.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.395 | 17.91 % | |
| R2 | 0.355 | 5.97 % | ||
| R1 | 0.345 | 2.99 % | ||
| Current price | 0.335 | |||
| Support | S1 | 0.330 | -1.49% | |
| S2 | 0.320 | -4.48% | ||
| S3 | 0 | . |
1442 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2020 | Sep 01, 2020 | Sep 01, 2020 | HK$0.0007 | 0.215% |
FAQ
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