Pantronics Holdings Limited Stock Forecast
Red day on Wednesday for Pantronics Holdings Limited
(Updated on May 08, 2024)
The Pantronics Holdings Limited stock price fell by -1.52% on the last day (Wednesday, 8th May 2024) from HK$2.63 to HK$2.59. During the last trading day the stock fluctuated 4.74% from a day low at HK$2.53 to a day high of HK$2.65. The price has fallen in 7 of the last 10 days and is down by -7.5% for this period. Volume has increased on the last day by 392 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, 1 million shares were bought and sold for approximately HK$3.04 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$2.50 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.02% during the next 3 months and, with a 90% probability hold a price between HK$2.23 and HK$3.08 at the end of this 3-month period.
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1611.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.97%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pantronics 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$2.62 and HK$2.96. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Pantronics Holdings Limited stock
Pantronics Holdings Limited finds support from accumulated volume at HK$2.56 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$0.120 between high and low, or 4.74%. For the last week, the stock has had daily average volatility of 5.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1611.HK) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Pantronics Holdings Limited to open at HK$2.59, and during the day (based on 14 day Average True Range), to move between HK$2.40 and HK$2.78, which gives a possible trading interval of +/-HK$0.192 (+/-7.42%) up or down from last closing price. If Pantronics Holdings Limited takes out the full calculated possible swing range there will be an estimated 14.83% 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$2.56 (1.16%) than the resistance at HK$2.90 (11.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pantronics Holdings Limited stock A Buy?
Pantronics Holdings Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.618 Sell Candidate Unchanged
Predicted Opening Price for Pantronics Holdings Limited of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| HK$2.59 ( 0%) | HK$2.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1611.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.71 | 4.63 % | |
| R2 | 2.66 | 2.86 % | ||
| R1 | 2.64 | 1.77 % | ||
| Current price: | 2.59 | |||
| Support | S1 | 2.54 | -1.77 % | |
| S2 | 2.52 | -2.86 % | ||
| S3 | 2.47 | -4.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.11 | 20.08 % | |
| R2 | 2.95 | 13.90 % | ||
| R1 | 2.90 | 11.97 % | ||
| Current price | 2.59 | |||
| Support | S1 | 2.56 | -1.16% | |
| S2 | 2.54 | -1.93% | ||
| S3 | 2.34 | -9.65% |
1611 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 11, 2017 | Jun 02, 2017 | Jun 23, 2017 | HK$0.0500 | 4.24% |
FAQ
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