Affluent Partners Holdings Limited Stock Forecast

Red day on Friday for Affluent Partners Holdings Limited stock after losing 0%
(Updated on May 17, 2024)

1466.HK Signals & Forecast

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. The Affluent Partners 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$0.609 and HK$0.613. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -9.09%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Affluent Partners Holdings Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 (0%) between high and low. For the last week, the stock has had daily average volatility of 0.656%.

Our recommended stop-loss: HK$0.565 (-5.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (1466.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Affluent Partners Holdings Limited to open at HK$0.600, and during the day (based on 14 day Average True Range), to move between HK$0.581 and HK$0.619, which gives a possible trading interval of +/-HK$0.0187 (+/-3.12%) up or down from last closing price. If Affluent Partners Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.610, some HK$0.0100 (1.67%) from the current price of HK$0.600, our system finds the risk reward not very attractive.

Is Affluent Partners Holdings Limited stock A Buy?

Affluent Partners Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

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 Affluent Partners Holdings Limited of Monday, May 20, 2024

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