Tong Ren Tang Technologies Co. Ltd. Stock Forecast
Green day on Tuesday for Tong Ren Tang Technologies Co. Ltd. stock after gaining 1.50%
(Updated on Apr 30, 2024)
The Tong Ren Tang Technologies Co. Ltd. stock price gained 1.50% on the last trading day (Tuesday, 30th Apr 2024), rising from HK$5.33 to HK$5.41. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.78% from a day low at HK$5.23 to a day high of HK$5.48. The price has risen in 7 of the last 10 days and is up by 11.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 767 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$14.29 million.
Given the current short-term trend, the stock is expected to fall -8.73% during the next 3 months and, with a 90% probability hold a price between HK$4.24 and HK$4.94 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1666.HK Signals & Forecast
Mostly positive signals in the chart today. The Tong Ren Tang Technologies Co. 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$5.05 and HK$5.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 14.86%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Tong Ren Tang Technologies Co. Ltd. stock
Tong Ren Tang Technologies Co. Ltd. finds support from accumulated volume at HK$5.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.250 between high and low, or 4.78%. For the last week, the stock has had daily average volatility of 3.38%.
Our recommended stop-loss: HK$5.21 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (1666.HK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Tong Ren Tang Technologies Co. Ltd. to open at HK$5.37, and during the day (based on 14 day Average True Range), to move between HK$5.23 and HK$5.59, which gives a possible trading interval of +/-HK$0.176 (+/-3.25%) up or down from last closing price. If Tong Ren Tang Technologies Co. Ltd. takes out the full calculated possible swing range there will be an estimated 6.50% 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$5.39 (0.37%) than the resistance at HK$5.47 (1.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tong Ren Tang Technologies Co. Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.133 Buy Candidate Unchanged
Predicted Opening Price for Tong Ren Tang Technologies Co. Ltd. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| HK$5.37 ( 0.678%) | HK$5.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1666.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.62 | 3.94 % | |
| R2 | 5.53 | 2.18 % | ||
| R1 | 5.47 | 1.09 % | ||
| Current price: | 5.41 | |||
| Support | S1 | 5.28 | -2.44 % | |
| S2 | 5.22 | -3.53 % | ||
| S3 | 5.12 | -5.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.66 | 4.62 % | |
| R2 | 5.51 | 1.85 % | ||
| R1 | 5.47 | 1.11 % | ||
| Current price | 5.41 | |||
| Support | S1 | 5.39 | -0.370% | |
| S2 | 5.14 | -4.99% | ||
| S3 | 4.95 | -8.50% |
1666 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | HK$0.176 | 2.35% |
| 2 | Jun 20, 2022 | Jun 20, 2022 | Jun 20, 2022 | HK$0.187 | 3.00% |
| 3 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | HK$0.194 | 2.78% |
| 4 | Mar 30, 2020 | Jun 22, 2020 | Aug 17, 2020 | HK$0.175 | 2.96% |
| 5 | Mar 19, 2019 | Jun 13, 2019 | Aug 08, 2019 | HK$0.205 | 2.39% |
FAQ
Click here for our free guide on how to buy Tong Ren Tang Technologies Co. Ltd. Stock.
