Guolian Securities Co., Ltd. Stock Forecast
Red day on Monday for Guolian Securities Co., Ltd.
(Updated on May 06, 2024)
The Guolian Securities Co., Ltd. stock price fell by -2.91% on the last day (Monday, 6th May 2024) from HK$3.78 to HK$3.67. During the last trading day the stock fluctuated 4.11% from a day low at HK$3.65 to a day high of HK$3.80. The price has risen in 7 of the last 10 days and is up by 27.87% over the past 2 weeks. Volume has increased on the last day by 13 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 million shares were bought and sold for approximately HK$53.54 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.59% during the next 3 months and, with a 90% probability hold a price between HK$3.10 and HK$4.14 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1456.HK Signals & Forecast
The Guolian Securities Co., Ltd. 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$3.62 and HK$3.29. 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). 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 02, 2024, and so far it has fallen -5.41%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Guolian Securities Co., Ltd. stock
Guolian Securities Co., Ltd. finds support from accumulated volume at HK$3.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.150 between high and low, or 4.11%. For the last week, the stock has had daily average volatility of 6.71%.
Our recommended stop-loss: HK$3.50 (-4.51%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (1456.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Guolian Securities Co., Ltd. to open at HK$3.71, and during the day (based on 14 day Average True Range), to move between HK$3.48 and HK$3.86, which gives a possible trading interval of +/-HK$0.192 (+/-5.22%) up or down from last closing price. If Guolian Securities Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.44% 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$3.69 (0.54%) than the support at HK$3.64 (0.82%), 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 Guolian Securities Co., Ltd. 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 Guolian Securities Co., Ltd. stock to perform well in the short-term.
Current score: 3.863 Buy Candidate Unchanged
Predicted Opening Price for Guolian Securities Co., Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$3.71 ( 1.00%) | HK$3.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1456.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.86 | 5.09 % | |
| R2 | 3.80 | 3.52 % | ||
| R1 | 3.76 | 2.56 % | ||
| Current price: | 3.67 | |||
| Support | S1 | 3.65 | -0.562 % | |
| S2 | 3.61 | -1.53 % | ||
| S3 | 3.56 | -3.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.88 | 5.72 % | |
| R2 | 3.70 | 0.82 % | ||
| R1 | 3.69 | 0.545 % | ||
| Current price | 3.67 | |||
| Support | S1 | 3.64 | -0.82% | |
| S2 | 3.58 | -2.45% | ||
| S3 | 3.28 | -10.63% |
1456 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | HK$0.117 | 2.61% |
| 2 | May 13, 2021 | May 13, 2021 | May 13, 2021 | HK$0.120 | 3.38% |
| 3 | Mar 27, 2019 | Jun 19, 2019 | Aug 12, 2019 | HK$0.0568 | 2.63% |
| 4 | Mar 15, 2017 | Jul 04, 2017 | Aug 29, 2017 | HK$0.160 | 4.02% |
FAQ
Click here for our free guide on how to buy Guolian Securities Co., Ltd. Stock.
