Get Nice Financial Group Limited Stock Forecast
Get Nice Financial Group Limited stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 10, 2024)
The Get Nice Financial Group Limited stock price fell by -1.54% on the last day (Friday, 10th May 2024) from HK$0.650 to HK$0.640. During the last trading day the stock fluctuated 4.76% from a day low at HK$0.630 to a day high of HK$0.660. The price has fallen in 5 of the last 10 days and is down by -4.48% 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 -145 thousand shares and in total, 165 thousand shares were bought and sold for approximately HK$105.44 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Get Nice Financial Group Limited stock with a 90% probability to be traded between HK$0.622 and HK$0.665 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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1469.HK Signals & Forecast
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. The Get Nice Financial Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.651 and HK$0.643. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -4.48%. Further fall is indicated until a new bottom pivot has been found. 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.
A sell signal from a double top formation was found on Wednesday, May 08, 2024 with a target of HK$0.650. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Get Nice Financial Group Limited stock
Get Nice Financial Group Limited finds support from accumulated volume at HK$0.630 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$0.0300 between high and low, or 4.76%. For the last week the stock has had daily average volatility of 4.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1469.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Get Nice Financial Group Limited to open at HK$0.643, and during the day (based on 14 day Average True Range), to move between HK$0.617 and HK$0.663, which gives a possible trading interval of +/-HK$0.0233 (+/-3.65%) up or down from last closing price. If Get Nice Financial Group Limited takes out the full calculated possible swing range there will be an estimated 7.29% 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$0.650 (1.56%) than the support at HK$0.630 (1.56%), 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 Get Nice Financial Group Limited stock A Buy?
Get Nice Financial Group Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.156 Sell Candidate Downgraded
Predicted Opening Price for Get Nice Financial Group Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$0.643 ( 0.521%) | HK$0.640 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1469.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.673 | 5.21 % | |
| R2 | 0.662 | 3.42 % | ||
| R1 | 0.655 | 2.31 % | ||
| Current price: | 0.640 | |||
| Support | S1 | 0.632 | -1.27 % | |
| S2 | 0.625 | -2.38 % | ||
| S3 | 0.613 | -4.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.670 | 4.69 % | |
| R2 | 0.660 | 3.13 % | ||
| R1 | 0.650 | 1.56 % | ||
| Current price | 0.640 | |||
| Support | S1 | 0.630 | -1.56% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
1469 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2023 | Dec 12, 2023 | Dec 12, 2023 | HK$0 | 0% |
| 2 | Dec 13, 2022 | Dec 13, 2022 | Dec 13, 2022 | HK$0.0300 | 4.11% |
| 3 | Aug 31, 2022 | Aug 31, 2022 | Sep 08, 2022 | HK$0.0300 | 4.05% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | HK$0.0300 | 3.95% |
| 5 | Dec 14, 2021 | Dec 14, 2021 | Dec 14, 2021 | HK$0.0300 | 3.57% |
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