International Alliance Financial Leasing Stock Forecast

Volatile ride for International Alliance Financial Leasing stock price on Friday moving between HK$0.520 and HK$0.600
(Updated on May 10, 2024)

1563.HK Signals & Forecast

The International Alliance Financial Leasing 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$0.560 and HK$0.493. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, May 02, 2024, and so far it has fallen -8.20%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for International Alliance Financial Leasing stock

International Alliance Financial Leasing finds support from accumulated volume at HK$0.550 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$0.0800 between high and low, or 15.38%. For the last week, the stock has had daily average volatility of 10.33%.

Our recommended stop-loss: HK$0.528 (-5.74%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (1563.HK) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect International Alliance Financial Leasing Co., Ltd. to open at HK$0.560, and during the day (based on 14 day Average True Range), to move between HK$0.500 and HK$0.620, which gives a possible trading interval of +/-HK$0.0596 (+/-10.64%) up or down from last closing price. If International Alliance Financial Leasing Co., Ltd. takes out the full calculated possible swing range there will be an estimated 21.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.570 (1.79%) than the support at HK$0.550 (1.79%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is International Alliance Financial Leasing Co., Ltd. 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: 1.175 Buy Candidate Upgraded

Predicted Opening Price for International Alliance Financial Leasing Co., Ltd. of Monday, May 13, 2024

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