Season Pacific Holdings Limited Stock Forecast
Weaker technical forecast for Season Pacific Holdings Limited as stock downgraded to Sell Candidate.
(Updated on May 16, 2024)
The Season Pacific Holdings Limited stock price fell by -4.60% on the last day (Thursday, 16th May 2024) from HK$4.35 to HK$4.15. During the last trading day the stock fluctuated 5.61% from a day low at HK$4.10 to a day high of HK$4.33. The price has risen in 5 of the last 10 days but is still down by -13.54% for this period. Volume has increased on the last day by 970 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, 2 million shares were bought and sold for approximately HK$9.02 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at HK$4.25. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1709.HK Signals & Forecast
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 Season Pacific 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$4.28 and HK$4.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -13.54%. Further fall is indicated until a new bottom pivot has been found. 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 Season Pacific Holdings Limited stock
Season Pacific Holdings Limited finds support from accumulated volume at HK$4.12 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$0.230 between high and low, or 5.61%. For the last week, the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1709.HK) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Season Pacific Holdings Limited to open at HK$4.19, and during the day (based on 14 day Average True Range), to move between HK$3.97 and HK$4.33, which gives a possible trading interval of +/-HK$0.179 (+/-4.32%) up or down from last closing price. If Season Pacific Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.64% 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$4.12 (0.72%) than the resistance at HK$4.30 (3.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Season Pacific Holdings Limited stock A Buy?
The Season Pacific Holdings Limited stock holds several negative signals and despite the positive trend, we believe Season Pacific Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.313 Sell Candidate Downgraded
Predicted Opening Price for Season Pacific Holdings Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| HK$4.19 ( 1.04%) | HK$4.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1709.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.42 | 6.59 % | |
| R2 | 4.34 | 4.47 % | ||
| R1 | 4.28 | 3.16 % | ||
| Current price: | 4.15 | |||
| Support | S1 | 4.11 | -1.07 % | |
| S2 | 4.05 | -2.38 % | ||
| S3 | 3.96 | -4.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.77 | 14.94 % | |
| R2 | 4.65 | 12.05 % | ||
| R1 | 4.30 | 3.61 % | ||
| Current price | 4.15 | |||
| Support | S1 | 4.12 | -0.723% | |
| S2 | 4.08 | -1.69% | ||
| S3 | 4.05 | -2.41% |
1709 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 23, 2022 | Sep 23, 2022 | Sep 23, 2022 | HK$0.0140 | 0.505% |
| 2 | Dec 03, 2021 | Dec 03, 2021 | Dec 03, 2021 | HK$0.0102 | 0.400% |
| 3 | Sep 14, 2021 | Sep 14, 2021 | Sep 14, 2021 | HK$0.0352 | 1.49% |
| 4 | Dec 04, 2020 | Dec 04, 2020 | Dec 04, 2020 | HK$0.0067 | 0.248% |
FAQ
Click here for our free guide on how to buy Season Pacific Holdings Limited Stock.
