Rici Healthcare Holdings Limited Stock Forecast
Stronger technical forecast for Rici Healthcare Holdings Limited stock price after Friday trading.
(Updated on May 10, 2024)
The Rici Healthcare Holdings Limited stock price gained 0.89% on the last trading day (Friday, 10th May 2024), rising from HK$1.12 to HK$1.13. During the last trading day the stock fluctuated 0.89% from a day low at HK$1.12 to a day high of HK$1.13. The price has been going up and down for this period, and there has been a 0.89% gain for the last 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 99 thousand shares were bought and sold for approximately HK$111.87 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$1.12, a level that may pose a second chance to hit a runner. According to fan-theory HK$1.25 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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1526.HK Signals & Forecast
The Rici Healthcare Holdings 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$1.12 and HK$1.11. 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 Tuesday, April 30, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Rici Healthcare Holdings Limited stock
Rici Healthcare Holdings Limited finds support from accumulated volume at HK$1.12 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$0.0100 between high and low, or 0.89%. For the last week the stock has had daily average volatility of 0.722%
Our recommended stop-loss: HK$1.09 (-3.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (1526.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Rici Healthcare Holdings Limited to open at HK$1.13, and during the day (based on 14 day Average True Range), to move between HK$1.11 and HK$1.15, which gives a possible trading interval of +/-HK$0.0217 (+/-1.92%) up or down from last closing price. If Rici Healthcare Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.83% 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$1.12 (0.88%) than the resistance at HK$1.14 (0.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rici Healthcare Holdings Limited stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.160 Buy Candidate Upgraded
Predicted Opening Price for Rici Healthcare Holdings Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$1.13 ( 0.295%) | HK$1.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1526.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.14 | 0.590 % | |
| R2 | 1.13 | 0.252 % | ||
| R1 | 1.13 | 0.0431 % | ||
| Current price: | 1.13 | |||
| Support | S1 | 1.12 | -0.633 % | |
| S2 | 1.12 | -0.84 % | ||
| S3 | 1.12 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.18 | 4.42 % | |
| R2 | 1.15 | 1.77 % | ||
| R1 | 1.14 | 0.88 % | ||
| Current price | 1.13 | |||
| Support | S1 | 1.12 | -0.88% | |
| S2 | 1.11 | -1.77% | ||
| S3 | 1.10 | -2.65% |
1526 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | HK$0 | 0% |
| 2 | Jun 23, 2021 | Jun 23, 2021 | Jun 23, 2021 | HK$0.0250 | 1.91% |
FAQ
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