Xin Point Holdings Limited Stock Forecast
Xin Point Holdings Limited stock price ended at HK$3.23 on Friday, after losing 0.309%.
(Updated on Apr 26, 2024)
The Xin Point Holdings Limited stock price fell by -0.309% on the last day (Friday, 26th Apr 2024) from HK$3.24 to HK$3.23. During the last trading day the stock fluctuated 0.93% from a day low at HK$3.21 to a day high of HK$3.24. The price has fallen in 5 of the last 10 days and is down by -2.12% for this period. Volume has increased on the last day by 312 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 477 thousand shares were bought and sold for approximately HK$1.54 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$3.22 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 30.64% during the next 3 months and, with a 90% probability hold a price between HK$4.20 and HK$4.55 at the end of this 3-month period.
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1571.HK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -2.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Xin Point 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$3.22 and HK$3.12. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Xin Point Holdings Limited stock
Xin Point Holdings Limited finds support from accumulated volume at HK$3.13 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$0.0300 between high and low, or 0.93%. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: HK$3.12 (-3.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (1571.HK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Xin Point Holdings Limited to open at HK$3.23, and during the day (based on 14 day Average True Range), to move between HK$3.15 and HK$3.31, which gives a possible trading interval of +/-HK$0.0844 (+/-2.61%) up or down from last closing price. If Xin Point Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.23% 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$3.30 (2.17%) than the support at HK$3.13 (3.10%), 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 Xin Point Holdings 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 Xin Point Holdings Limited stock to perform well in the short-term.
Current score: 1.295 Buy Candidate Unchanged
Predicted Opening Price for Xin Point Holdings Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| HK$3.23 ( 0.103%) | HK$3.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1571.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.26 | 0.83 % | |
| R2 | 3.25 | 0.471 % | ||
| R1 | 3.24 | 0.252 % | ||
| Current price: | 3.23 | |||
| Support | S1 | 3.22 | -0.458 % | |
| S2 | 3.21 | -0.677 % | ||
| S3 | 3.20 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.32 | 2.79 % | |
| R2 | 3.31 | 2.48 % | ||
| R1 | 3.30 | 2.17 % | ||
| Current price | 3.23 | |||
| Support | S1 | 3.13 | -3.10% | |
| S2 | 3.11 | -3.72% | ||
| S3 | 2.93 | -9.29% |
1571 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jul 12, 2024 | HK$0.250 | 7.74% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | HK$0.140 | 5.60% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | HK$0.0589 | 2.80% |
| 4 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | HK$0.0213 | 1.03% |
| 5 | Sep 30, 2021 | Sep 30, 2021 | Sep 30, 2021 | HK$0.0546 | 1.86% |
FAQ
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