Shineroad International Holdings Limited Stock Forecast
Shineroad International Holdings Limited stock price down 0% on Tuesday
(Updated on Jul 02, 2024)
No changes to the price of Shineroad International Holdings Limited stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.420 to a day high of HK$0.420. The price has been going up and down for this period, and there has been a -3.45% loss for the last 2 weeks.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Shineroad International Holdings Limited stock with a 90% probability to be traded between HK$0.359 and HK$0.535 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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1587.HK Signals & Forecast
There are mixed signals in the stock today. The Shineroad International Holdings Limited 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$0.439 and HK$0.456. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Shineroad International Holdings Limited stock
Shineroad International Holdings Limited finds support from accumulated volume at HK$0.415 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.80%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1587.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Shineroad International Holdings Limited to open at HK$0.420, and during the day (based on 14 day Average True Range), to move between HK$0.397 and HK$0.443, which gives a possible trading interval of +/-HK$0.0231 (+/-5.51%) up or down from last closing price. If Shineroad International Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.02% 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$0.425 (1.19%) than the support at HK$0.415 (1.19%), 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 Shineroad International Holdings Limited stock A Buy?
Shineroad International Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.851 Sell Candidate Unchanged
Predicted Opening Price for Shineroad International Holdings Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$0.420 ( 0%) | HK$0.420 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1587.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.420 | - |
| R2 | 0.420 | - |
| R1 | 0.420 | - |
| Price | 0.420 | |
| S1 | 0.420 | - |
| S2 | 0.420 | - |
| S3 | 0.420 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.450 | 7.14% |
| R2 | 0.440 | 4.76% |
| R1 | 0.425 | 1.19% |
| Price | 0.420 | |
| S1 | 0.415 | -1.19% |
| S2 | 0.390 | -7.14% |
| S3 | 0.365 | -13.10% |
1587 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | Jun 14, 2024 | HK$0.0150 | 3.45% |
| 2 | May 23, 2023 | May 23, 2023 | May 23, 2023 | HK$0.0150 | 2.46% |
| 3 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | HK$0.0225 | 3.46% |
| 4 | May 23, 2022 | May 23, 2022 | May 23, 2022 | HK$0.0225 | 3.88% |
| 5 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | HK$0.0150 | 3.90% |
FAQ
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