Q Technology (Group) Company Limited Stock Forecast

Green day on Friday for Q Technology (Group) Company Limited stock after gaining 0.775%
(Updated on May 17, 2024)

1478.HK Signals & Forecast

Mostly positive signals in the chart today. 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$3.78 and HK$3.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 25.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Q Technology (Group) Company Limited stock

Q Technology (Group) Company Limited finds support from accumulated volume at HK$3.87 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$0.140 between high and low, or 3.68%. For the last week, the stock has had daily average volatility of 4.62%.

The Q Technology (Group) Company Limited stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: HK$3.75 (-3.93%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (1478.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Q Technology (Group) Company Limited to open at HK$3.88, and during the day (based on 14 day Average True Range), to move between HK$3.71 and HK$4.09, which gives a possible trading interval of +/-HK$0.190 (+/-4.88%) 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 9.75% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$3.87, some HK$0.0300 (0.77%) from the current price of HK$3.90, our system finds the risk reward attractive.

Is Q Technology (Group) Company Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can 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 period. Due to a possible false trend-break listing stock as pure buy candidate is held back.

Current score: 3.838 Buy Candidate Unchanged

Predicted Opening Price for Q Technology (Group) Company Limited of Monday, May 20, 2024

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