Pentamaster International Limited Stock Forecast
Red day on Friday for Pentamaster International Limited stock after losing 2.60%
(Updated on May 03, 2024)
The Pentamaster International Limited stock price fell by -2.60% on the last day (Friday, 3rd May 2024) from HK$0.770 to HK$0.750. During the last trading day the stock fluctuated 1.33% from a day low at HK$0.750 to a day high of HK$0.760. The price has fallen in 5 of the last 10 days and is down by -5.06% for this period. 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 -238 thousand shares and in total, 236 thousand shares were bought and sold for approximately HK$177.00 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.747 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.18% during the next 3 months and, with a 90% probability hold a price between HK$0.671 and HK$0.724 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1665.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has fallen 0%. 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 Pentamaster International 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$0.767 and HK$0.783. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Pentamaster International Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have controlled movements and therefore the general risk is considered 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$0.0100 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 4.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1665.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Pentamaster International Limited to open at HK$0.753, and during the day (based on 14 day Average True Range), to move between HK$0.723 and HK$0.777, which gives a possible trading interval of +/-HK$0.0271 (+/-3.61%) up or down from last closing price. If Pentamaster International Limited takes out the full calculated possible swing range there will be an estimated 7.22% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.770, some HK$0.0200 (2.67%) from the current price of HK$0.750, our system finds the risk reward not very attractive.
Earnings coming up
Pentamaster International Limited will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Pentamaster International Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.46% in the first trading day after earnings release.
Is Pentamaster International Limited stock A Buy?
Pentamaster International Limited holds several negative signals and is within a 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: -2.747 Sell Candidate Unchanged
Predicted Opening Price for Pentamaster International Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$0.753 ( 0.444%) | HK$0.750 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1665.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.763 | 1.78 % | |
| R2 | 0.760 | 1.27 % | ||
| R1 | 0.757 | 0.95 % | ||
| Current price: | 0.750 | |||
| Support | S1 | 0.750 | -0.0649 % | |
| S2 | 0.747 | -0.380 % | ||
| S3 | 0.743 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.80 | 6.67 % | |
| R2 | 0.780 | 4.00 % | ||
| R1 | 0.770 | 2.67 % | ||
| Current price | 0.750 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
1665 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jul 05, 2024 | HK$0.0200 | 2.67% |
| 2 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | HK$0.0200 | 1.82% |
| 3 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | HK$0.0200 | 2.13% |
| 4 | May 23, 2022 | May 23, 2022 | May 23, 2022 | HK$0.0200 | 2.13% |
| 5 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | HK$0.0133 | 1.11% |
FAQ
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