Q Technology (Group) Company Limited Stock Forecast
Q Technology (Group) Company Limited stock downgraded to Buy Candidate
(Updated on May 06, 2024)
The Q Technology (Group) Company Limited stock price fell by -3.62% on the last day (Monday, 6th May 2024) from HK$3.59 to HK$3.46. During the last trading day the stock fluctuated 6.96% from a day low at HK$3.45 to a day high of HK$3.69. The price has risen in 6 of the last 10 days and is up by 11.61% over the past 2 weeks. Volume has increased on the last day by 1 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, 4 million shares were bought and sold for approximately HK$14.75 million.
The stock lies in the middle of a wide and strong 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 10.13% during the next 3 months and, with a 90% probability hold a price between HK$3.43 and HK$3.99 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.
1478.HK Signals & Forecast
The Q Technology (Group) Company 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$3.40 and HK$3.24. 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 Friday, May 03, 2024, and so far it has fallen -3.62%. 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 Q Technology (Group) Company Limited stock
Q Technology (Group) Company Limited finds support from accumulated volume at HK$3.42 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$0.240 between high and low, or 6.96%. For the last week, the stock has had daily average volatility of 7.46%.
Our recommended stop-loss: HK$3.31 (-4.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (1478.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Q Technology (Group) Company Limited to open at HK$3.53, and during the day (based on 14 day Average True Range), to move between HK$3.27 and HK$3.65, which gives a possible trading interval of +/-HK$0.194 (+/-5.61%) up or down from last closing price. If Q Technology (Group) Company Limited takes out the full calculated possible swing range there will be an estimated 11.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$3.42 (1.16%) than the resistance at HK$3.58 (3.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Q Technology (Group) Company 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 Q Technology (Group) Company Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.465 Buy Candidate Downgraded
Predicted Opening Price for Q Technology (Group) Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$3.53 ( 2.12%) | HK$3.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1478.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.77 | 9.06 % | |
| R2 | 3.68 | 6.41 % | ||
| R1 | 3.63 | 4.77 % | ||
| Current price: | 3.46 | |||
| Support | S1 | 3.44 | -0.530 % | |
| S2 | 3.39 | -2.17 % | ||
| S3 | 3.29 | -4.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3.59 | 3.76 % | ||
| R1 | 3.58 | 3.47 % | ||
| Current price | 3.46 | |||
| Support | S1 | 3.42 | -1.16% | |
| S2 | 3.05 | -11.85% | ||
| S3 | 2.86 | -17.34% |
1478 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2021 | May 28, 2021 | May 28, 2021 | HK$0.0500 | 0.377% |
| 2 | Mar 09, 2020 | Jun 04, 2020 | Jun 22, 2020 | HK$0.100 | 1.00% |
| 3 | Mar 19, 2018 | Jun 06, 2018 | Jun 25, 2018 | HK$0.0960 | 1.53% |
| 4 | Mar 16, 2017 | Jun 02, 2017 | Jun 20, 2017 | HK$0.0390 | 0.619% |
| 5 | Mar 27, 2015 | Jun 03, 2015 | Jun 19, 2015 | HK$0.0520 | 1.70% |
FAQ
Click here for our free guide on how to buy Q Technology (Group) Company Limited Stock.
