AP Rentals Holdings Limited Stock Forecast

Stronger technical forecast for AP Rentals Holdings Limited stock price after Friday trading.
(Updated on Jun 28, 2024)

1496.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AP Rentals Holdings 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$0.125 and HK$0.121. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for AP Rentals Holdings Limited stock

AP Rentals Holdings Limited finds support from accumulated volume at HK$0.117 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.53%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1496.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect AP Rentals Holdings Limited to open at HK$0.119, and during the day (based on 14 day Average True Range), to move between HK$0.112 and HK$0.126, which gives a possible trading interval of +/-HK$0.0066 (+/-5.52%) up or down from last closing price. If AP Rentals Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.05% 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$0.117 (1.68%) than the resistance at HK$0.123 (3.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AP Rentals Holdings Limited stock A Buy?

AP Rentals Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.299 Sell Candidate Upgraded

Predicted Opening Price for AP Rentals Holdings Limited of Tuesday, July 2, 2024

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