Yadea Group Holdings Ltd. Stock Forecast
Yadea Group Holdings Ltd. stock price ended at HK$12.56 on Thursday, after losing 0%.
(Updated on Jun 06, 2024)
No changes to the price of Yadea Group Holdings Ltd. stock on the last trading day (Thursday, 6th Jun 2024). During the last trading day the stock fluctuated 2.90% from a day low at HK$12.42 to a day high of HK$12.78. The price has been going up and down for this period, and there has been a -7.78% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$12.54 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 5.89% during the next 3 months and, with a 90% probability hold a price between HK$13.28 and HK$16.60 at the end of this 3-month period.
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1585.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 0.641%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yadea Group Holdings Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$12.75 and HK$14.01. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Yadea Group Holdings Ltd. stock
Yadea Group Holdings Ltd. finds support from accumulated volume at HK$12.48 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$0.360 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 5.32%.
Yadea Group Holdings Ltd. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1585.HK) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th we expect Yadea Group Holdings Ltd. to open at HK$12.59, and during the day (based on 14 day Average True Range), to move between HK$11.89 and HK$13.23, which gives a possible trading interval of +/-HK$0.669 (+/-5.33%) 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 10.66% 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$12.48 (0.64%) than the resistance at HK$12.80 (1.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yadea Group Holdings Ltd. stock A Buy?
The Yadea Group Holdings Ltd. stock holds several negative signals and despite the positive trend, we believe Yadea Group Holdings Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.873 Sell Candidate Unchanged
Predicted Opening Price for Yadea Group Holdings Ltd. of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| HK$12.59 ( 0.212%) | HK$12.56 |
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 | |
|---|---|---|
| R3 | 12.95 | 3.08% |
| R2 | 12.81 | 1.98% |
| R1 | 12.72 | 1.31% |
| Price | 12.56 | |
| S1 | 12.45 | -0.88% |
| S2 | 12.36 | -1.56% |
| S3 | 12.23 | -2.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.54 | 15.76% |
| R2 | 13.44 | 7.01% |
| R1 | 12.80 | 1.91% |
| Price | 12.56 | |
| S1 | 12.48 | -0.637% |
| S2 | 12.16 | -3.18% |
| S3 | 11.72 | -6.69% |
1585 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Aug 19, 2024 | HK$0.480 | 3.82% |
| 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% |
FAQ
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