Rici Healthcare Holdings Limited Stock Forecast
Rici Healthcare Holdings Limited stock price down 0% on Monday
(Updated on Jun 03, 2024)
No changes to the price of Rici Healthcare Holdings Limited stock on the last trading day (Monday, 3rd Jun 2024). During the last trading day the stock fluctuated 1.63% from a day low at HK$1.23 to a day high of HK$1.25. The price has risen in 6 of the last 10 days and is up by 6.96% over the past 2 weeks.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$1.23 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.54% during the next 3 months and, with a 90% probability hold a price between HK$1.12 and HK$1.30 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.
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$1.21 and HK$1.14. 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 31, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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".
Support, Risk & Stop-loss for Rici Healthcare Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$1.16 and HK$1.15. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Rici Healthcare Holdings Limited finds support just below today's level at HK$1.16. If this is broken, then the next support from accumulated volume will be at HK$1.15 and HK$1.14.
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$0.0200 between high and low, or 1.63%. For the last week the stock has had daily average volatility of 1.34%.
The Rici Healthcare Holdings Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: HK$1.19 (-3.20%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (1526.HK) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect Rici Healthcare Holdings Limited to open at HK$1.24, and during the day (based on 14 day Average True Range), to move between HK$1.21 and HK$1.25, which gives a possible trading interval of +/-HK$0.0211 (+/-1.72%) 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 3.43% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$1.16, some HK$0.0700 (5.69%) from the current price of HK$1.23, our system finds the risk reward attractive.
Is Rici Healthcare Holdings 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 Rici Healthcare Holdings Limited stock to perform well in the short-term.
Current score: 1.126 Buy Candidate Unchanged
Predicted Opening Price for Rici Healthcare Holdings Limited of Tuesday, June 4, 2024
Fair opening price June 4, 2024 | Current price |
---|---|
HK$1.24 ( 0.542%) | HK$1.23 |
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 | 1.26 | 2.17 % | |
R2 | 1.25 | 1.55 % | ||
R1 | 1.24 | 1.16 % | ||
Current price: | 1.23 | |||
Support | S1 | 1.23 | -0.0791 % | |
S2 | 1.22 | -0.463 % | ||
S3 | 1.22 | -1.08 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 1.23 | |||
Support | S1 | 1.16 | -5.69% | |
S2 | 1.15 | -6.50% | ||
S3 | 1.14 | -7.32% |
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
Click here for our free guide on how to buy Rici Healthcare Holdings Limited Stock.