MS Group Holdings Limited Stock Forecast

MS Group Holdings Limited stock downgraded to Hold/Accumulate
(Updated on May 28, 2024)

1451.HK Signals & Forecast

The MS Group Holdings 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$1.01 and HK$0.98. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, May 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for MS Group Holdings Limited stock

MS Group Holdings Limited finds support from accumulated volume at HK$0.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0100 (0.98%) between high and low. For the last week, the stock has had daily average volatility of 0.196%.

Our recommended stop-loss: HK$0.98 (-3.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (1451.HK) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect MS Group Holdings Limited to open at HK$1.02, and during the day (based on 14 day Average True Range), to move between HK$1.01 and HK$1.03, which gives a possible trading interval of +/-HK$0.0147 (+/-1.44%) up or down from last closing price. If MS Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.97, some HK$0.0500 (4.90%) from the current price of HK$1.02, our system finds the risk reward attractive.

Is MS Group Holdings Limited stock A Buy?

MS Group Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for MS Group Holdings Limited of Wednesday, May 29, 2024

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