Sundart Holdings Limited Stock Forecast

Green day on Monday for Sundart Holdings Limited stock after gaining 1.19%
(Updated on May 13, 2024)

1568.HK Signals & Forecast

The Sundart 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$0.415 and HK$0.388. 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). Sundart Holdings 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 Friday, May 03, 2024, and so far it has fallen -1.16%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Sundart Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.400 and HK$0.335. 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, Sundart Holdings Limited finds support just below today's level at HK$0.400. If this is broken, then the next support from accumulated volume will be at HK$0.335 and HK$0.330.

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$0.0200 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 6.60%.

Our recommended stop-loss: HK$0.408 (-3.89%) (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 (1568.HK) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Sundart Holdings Limited to open at HK$0.428, and during the day (based on 14 day Average True Range), to move between HK$0.406 and HK$0.444, which gives a possible trading interval of +/-HK$0.0185 (+/-4.36%) up or down from last closing price. If Sundart Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.71% 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$0.400 (5.88%) than the resistance at HK$0.455 (7.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sundart Holdings Limited stock A Buy?

Sundart Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.805 Hold/Accumulate Unchanged

Predicted Opening Price for Sundart Holdings Limited of Tuesday, May 14, 2024

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