Virscend Education Company Limited Stock Forecast

Virscend Education Company Limited stock upgraded to Strong Buy Candidate.
(Updated on May 03, 2024)

1565.HK Signals & Forecast

The Virscend Education Company 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$0.171 and HK$0.169. 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). Virscend Education Company Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, February 29, 2024, and so far it has fallen -7.25%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Virscend Education Company Limited stock

Virscend Education Company Limited finds support from accumulated volume at HK$0.171 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0030 between high and low, or 1.70%. For the last week, the stock has had daily average volatility of 2.95%.

Since the Virscend Education Company Limited has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: HK$0.169 (-5.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 42 days ago.)

Trading Expectations (1565.HK) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Virscend Education Company Limited to open at HK$0.178, and during the day (based on 14 day Average True Range), to move between HK$0.172 and HK$0.186, which gives a possible trading interval of +/-HK$0.0068 (+/-3.81%) up or down from last closing price. If Virscend Education Company Limited takes out the full calculated possible swing range there will be an estimated 7.61% 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$0.171 (4.47%) than the resistance at HK$0.188 (5.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Virscend Education Company Limited stock A Buy?

Virscend Education Company Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.081 Strong Buy Candidate Upgraded

Predicted Opening Price for Virscend Education Company Limited of Monday, May 6, 2024

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