Yadea Group Holdings Ltd. Stock Forecast
Evaluation of Yadea Group Holdings Ltd. stock downgraded after the last trading session.
(Updated on May 10, 2024)
The Yadea Group Holdings Ltd. stock price fell by -0.91% on the last day (Friday, 10th May 2024) from HK$15.40 to HK$15.26. During the last trading day the stock fluctuated 3.73% from a day low at HK$15.00 to a day high of HK$15.56. The price has been going up and down for this period, and there has been a 9.78% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 million shares and in total, 7 million shares were bought and sold for approximately HK$100.33 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$15.45 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.18% during the next 3 months and, with a 90% probability hold a price between HK$16.21 and HK$19.34 at the end of this 3-month period.
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1585.HK Signals & Forecast
The Yadea Group Holdings Ltd. 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$15.07 and HK$13.64. 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, May 09, 2024, and so far it has fallen -0.91%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Yadea Group Holdings Ltd. stock
Yadea Group Holdings Ltd. finds support from accumulated volume at HK$14.54 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.560 between high and low, or 3.73%. For the last week, the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: HK$14.65 (-3.99%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (1585.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Yadea Group Holdings Ltd. to open at HK$15.27, and during the day (based on 14 day Average True Range), to move between HK$14.52 and HK$16.00, which gives a possible trading interval of +/-HK$0.741 (+/-4.85%) up or down from last closing price. If Yadea Group Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 9.71% 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$15.30 (0.26%) than the support at HK$14.54 (4.72%), 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 Yadea Group Holdings Ltd. 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 Yadea Group Holdings Ltd. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.149 Buy Candidate Downgraded
Predicted Opening Price for Yadea Group Holdings Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$15.27 ( 0.0874%) | HK$15.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1585.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.83 | 3.76 % | |
| R2 | 15.62 | 2.36 % | ||
| R1 | 15.49 | 1.49 % | ||
| Current price: | 15.26 | |||
| Support | S1 | 15.06 | -1.31 % | |
| S2 | 14.93 | -2.18 % | ||
| S3 | 14.71 | -3.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 15.40 | 0.92 % | ||
| R1 | 15.30 | 0.262 % | ||
| Current price | 15.26 | |||
| Support | S1 | 14.54 | -4.72% | |
| S2 | 13.88 | -9.04% | ||
| S3 | 13.44 | -11.93% |
1585 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Aug 19, 2024 | HK$0.480 | 3.15% |
| 2 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | HK$0.400 | 2.34% |
| 3 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | HK$0.280 | 1.87% |
| 4 | Jul 12, 2021 | Jul 12, 2021 | Jul 12, 2021 | HK$0.190 | 1.09% |
| 5 | Oct 20, 2020 | Oct 20, 2020 | Oct 20, 2020 | HK$0.100 | 0.83% |
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