Hung Fook Tong Group Holdings Limited Stock Forecast
Hung Fook Tong Group Holdings Limited stock price ended at HK$0.157 on Friday, after losing 1.88%.
(Updated on May 03, 2024)
The Hung Fook Tong Group Holdings Limited stock price fell by -1.88% on the last day (Friday, 3rd May 2024) from HK$0.160 to HK$0.157. During the last trading day the stock fluctuated 4.67% from a day low at HK$0.150 to a day high of HK$0.157. The price has fallen in 4 of the last 10 days and is down by -1.88% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -228 thousand shares and in total, 162 thousand shares were bought and sold for approximately HK$25.43 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.19% during the next 3 months and, with a 90% probability hold a price between HK$0.116 and HK$0.147 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1446.HK Signals & Forecast
There are mixed signals in the stock today. The Hung Fook Tong Group Holdings Limited 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$0.162 and HK$0.174. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.61%. 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).
Support, Risk & Stop-loss for Hung Fook Tong Group Holdings Limited stock
Hung Fook Tong Group Holdings Limited finds support from accumulated volume at HK$0.153 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$0.0070 between high and low, or 4.67%. For the last week the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1446.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Hung Fook Tong Group Holdings Limited to open at HK$0.155, and during the day (based on 14 day Average True Range), to move between HK$0.150 and HK$0.164, which gives a possible trading interval of +/-HK$0.0065 (+/-4.15%) up or down from last closing price. If Hung Fook Tong Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.29% 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$0.160 (1.91%) than the support at HK$0.153 (2.55%), 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 Hung Fook Tong Group Holdings Limited stock A Buy?
Hung Fook Tong Group Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.028 Sell Candidate Unchanged
Predicted Opening Price for Hung Fook Tong Group Holdings Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$0.155 ( 1.49%) | HK$0.157 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1446.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.162 | 2.97 % | |
| R2 | 0.159 | 1.27 % | ||
| R1 | 0.157 | 0.217 % | ||
| Current price: | 0.157 | |||
| Support | S1 | 0.152 | -3.19 % | |
| S2 | 0.150 | -4.24 % | ||
| S3 | 0.148 | -5.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.174 | 10.83 % | |
| R2 | 0.168 | 7.01 % | ||
| R1 | 0.160 | 1.91 % | ||
| Current price | 0.157 | |||
| Support | S1 | 0.153 | -2.55% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
1446 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | HK$0.0068 | 2.11% |
| 2 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | HK$0.0196 | 3.92% |
| 3 | Sep 08, 2020 | Sep 08, 2020 | Sep 08, 2020 | HK$0.0090 | 1.89% |
| 4 | Mar 25, 2020 | Jun 10, 2020 | Jul 10, 2020 | HK$0.0038 | 0.784% |
| 5 | Mar 28, 2019 | Jun 12, 2019 | Jul 12, 2019 | HK$0.0036 | 0.554% |
FAQ
Click here for our free guide on how to buy Hung Fook Tong Group Holdings Limited Stock.
