Ausnutria Dairy Corporation Ltd Stock Forecast
Green day on Thursday for Ausnutria Dairy Corporation Ltd
(Updated on May 09, 2024)
The Ausnutria Dairy Corporation Ltd stock price gained 0.444% on the last trading day (Thursday, 9th May 2024), rising from HK$2.25 to HK$2.26. During the last trading day the stock fluctuated 0.444% from a day low at HK$2.25 to a day high of HK$2.26. The price has fallen in 6 of the last 10 days and is down by -2.16% for this period. Volume fell on the last day by -1 million shares and in total, 152 thousand shares were bought and sold for approximately HK$343.52 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$2.30 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.18% during the next 3 months and, with a 90% probability hold a price between HK$1.77 and HK$2.00 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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1717.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.89%. 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 Ausnutria Dairy Corporation Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$2.32 and HK$2.32. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Ausnutria Dairy Corporation Ltd stock
Ausnutria Dairy Corporation Ltd finds support from accumulated volume at HK$2.25 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$0.0100 between high and low, or 0.444%. For the last week the stock has had daily average volatility of 2.93%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1717.HK) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Ausnutria Dairy Corporation Ltd to open at HK$2.26, and during the day (based on 14 day Average True Range), to move between HK$2.18 and HK$2.34, which gives a possible trading interval of +/-HK$0.0842 (+/-3.73%) up or down from last closing price. If Ausnutria Dairy Corporation Ltd takes out the full calculated possible swing range there will be an estimated 7.45% 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$2.25 (0.44%) than the resistance at HK$2.30 (1.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ausnutria Dairy Corporation Ltd stock A Buy?
Ausnutria Dairy Corporation Ltd holds several negative signals and is within a 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: -3.342 Sell Candidate Unchanged
Predicted Opening Price for Ausnutria Dairy Corporation Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| HK$2.26 ( 0.147%) | HK$2.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1717.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.27 | 0.295 % | |
| R2 | 2.26 | 0.126 % | ||
| R1 | 2.26 | 0.0215 % | ||
| Current price: | 2.26 | |||
| Support | S1 | 2.25 | -0.317 % | |
| S2 | 2.25 | -0.421 % | ||
| S3 | 2.25 | -0.590 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.53 | 11.95 % | |
| R2 | 2.31 | 2.21 % | ||
| R1 | 2.30 | 1.77 % | ||
| Current price | 2.26 | |||
| Support | S1 | 2.25 | -0.442% | |
| S2 | 2.24 | -0.88% | ||
| S3 | 0 | . |
1717 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 25, 2024 | HK$0.0500 | 2.21% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | HK$0.0600 | 1.75% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | HK$0.560 | 6.60% |
| 4 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | HK$0.270 | 2.37% |
| 5 | Mar 17, 2020 | Jun 04, 2020 | Jun 23, 2020 | HK$0.220 | 1.31% |
FAQ
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