Virscend Education Company Limited Stock Forecast
Virscend Education Company Limited stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Virscend Education Company Limited stock price gained 1.85% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$0.216 to HK$0.220. During the last trading day the stock fluctuated 1.85% from a day low at HK$0.216 to a day high of HK$0.220. The price has risen in 7 of the last 10 days and is up by 2.8% over the past 2 weeks. Volume fell on the last day by -255 thousand shares and in total, 451 thousand shares were bought and sold for approximately HK$99.22 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 stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.08% during the next 3 months and, with a 90% probability hold a price between HK$0.240 and HK$0.306 at the end of this 3-month period.
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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$0.216 and HK$0.192. 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 Thursday, June 20, 2024, and so far it has fallen -2.22%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Virscend Education Company Limited stock
Virscend Education Company Limited finds support from accumulated volume at HK$0.219 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0040 between high and low, or 1.85%. For the last week the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: HK$0.213 (-3.27%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (1565.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Virscend Education Company Limited to open at HK$0.219, and during the day (based on 14 day Average True Range), to move between HK$0.211 and HK$0.229, which gives a possible trading interval of +/-HK$0.0092 (+/-4.17%) 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 8.34% 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$0.219 (0.45%) than the resistance at HK$0.222 (0.91%), 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?
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 Virscend Education Company Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.852 Buy Candidate Upgraded
Predicted Opening Price for Virscend Education Company Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$0.219 ( 0.606%) | HK$0.220 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1565.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.223 | 1.21% |
| R2 | 0.221 | 0.518% |
| R1 | 0.220 | 0.0885% |
| Price | 0.220 | |
| S1 | 0.217 | -1.30% |
| S2 | 0.216 | -1.73% |
| S3 | 0.215 | -2.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.225 | 2.27% |
| R1 | 0.222 | 0.91% |
| Price | 0.220 | |
| S1 | 0.219 | -0.455% |
| S2 | 0.211 | -4.09% |
| S3 | 0.170 | -22.73% |
1565 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 27, 2024 | HK$0.0055 | 3.24% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 09, 2024 | HK$0.0070 | 4.79% |
| 3 | Nov 23, 2021 | Nov 23, 2021 | Nov 23, 2021 | HK$0.0190 | 4.13% |
| 4 | Jun 23, 2021 | Jun 23, 2021 | Jun 23, 2021 | HK$0.0250 | 2.48% |
| 5 | Nov 05, 2020 | Nov 05, 2020 | Nov 05, 2020 | HK$0.0400 | 1.87% |
FAQ
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