Fu Shou Yuan International Group Limited Stock Forecast
Green day on Friday for Fu Shou Yuan International Group Limited stock after gaining 1.65%
(Updated on May 17, 2024)
The Fu Shou Yuan International Group Limited stock price gained 1.65% on the last trading day (Friday, 17th May 2024), rising from HK$5.47 to HK$5.56. During the last trading day the stock fluctuated 2.19% from a day low at HK$5.48 to a day high of HK$5.60. The price has risen in 7 of the last 10 days and is up by 4.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 297 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately HK$39.71 million.
The stock lies in the upper part of a wide and weak rising 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$5.58 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.27% during the next 3 months and, with a 90% probability hold a price between HK$4.98 and HK$5.71 at the end of this 3-month period.
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1448.HK Signals & Forecast
Mostly positive signals in the chart today. The Fu Shou Yuan International Group Limited 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$5.46 and HK$5.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 15.83%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Fu Shou Yuan International Group Limited stock
Fu Shou Yuan International Group Limited finds support from accumulated volume at HK$5.31 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.120 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: HK$5.36 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (1448.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Fu Shou Yuan International Group Limited to open at HK$5.55, and during the day (based on 14 day Average True Range), to move between HK$5.43 and HK$5.69, which gives a possible trading interval of +/-HK$0.132 (+/-2.38%) up or down from last closing price. If Fu Shou Yuan International Group Limited takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$5.31, some HK$0.250 (4.50%) from the current price of HK$5.56, our system finds the risk reward attractive.
Earnings coming up
Fu Shou Yuan International Group Limited will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Fu Shou Yuan International Group Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.84% in the first trading day after earnings release.
Is Fu Shou Yuan International Group Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fu Shou Yuan International Group Limited stock to perform well in the short-term.
Current score: 4.801 Buy Candidate Unchanged
Predicted Opening Price for Fu Shou Yuan International Group Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$5.55 ( 0.240%) | HK$5.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1448.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.67 | 1.92 % | |
| R2 | 5.62 | 1.09 % | ||
| R1 | 5.59 | 0.585 % | ||
| Current price: | 5.56 | |||
| Support | S1 | 5.50 | -1.06 % | |
| S2 | 5.47 | -1.57 % | ||
| S3 | 5.43 | -2.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.56 | |||
| Support | S1 | 5.31 | -4.50% | |
| S2 | 5.25 | -5.58% | ||
| S3 | 5.16 | -7.19% |
1448 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jun 28, 2024 | HK$0.0686 | 1.23% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | HK$0.0758 | 1.29% |
| 3 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | HK$0.0564 | 1.23% |
| 4 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | HK$0.0564 | 0.99% |
| 5 | Sep 20, 2021 | Sep 20, 2021 | Sep 20, 2021 | HK$0.0564 | 0.88% |
FAQ
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