International Alliance Financial Leasing Stock Forecast

On Tuesday, International Alliance Financial Leasing stock price gained an impressive 5.66%
(Updated on Jun 04, 2024)

1563.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 5.66%. Further rise is indicated until a new top pivot has been found. 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. The International Alliance Financial Leasing stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.566 and HK$0.573. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0300 between high and low, or 5.66%. For the last week, the stock has had daily average volatility of 7.09%.

Our recommended stop-loss: HK$0.531 (-5.15%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (1563.HK) For The Upcoming Trading Day Of Wednesday 5th

For the upcoming trading day on Wednesday, 5th we expect International Alliance Financial Leasing Co., Ltd. to open at HK$0.550, and during the day (based on 14 day Average True Range), to move between HK$0.493 and HK$0.627, which gives a possible trading interval of +/-HK$0.0668 (+/-11.93%) 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 23.86% 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$0.550 (1.79%) than the resistance at HK$0.630 (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is International Alliance Financial Leasing Co., Ltd. stock A Buy?

International Alliance Financial Leasing holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.

Current score: 0.302 Hold/Accumulate Upgraded

Predicted Opening Price for International Alliance Financial Leasing Co., Ltd. of Wednesday, June 5, 2024

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