Eternity Technology Holdings Limited Stock Forecast
Big movements in Eternity Technology Holdings Limited stock price on Tuesday moving 12.84% between high and low
(Updated on Jul 02, 2024)
The Eternity Technology Holdings Limited stock price fell by -4.39% on the last day (Tuesday, 2nd Jul 2024) from HK$1.14 to HK$1.09. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 12.84% from a day low at HK$1.09 to a day high of HK$1.23. The price has risen in 6 of the last 10 days. Volume has increased on the last day by 380 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$1.26 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.95% during the next 3 months and, with a 90% probability hold a price between HK$0.656 and HK$1.08 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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1725.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. 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 Eternity Technology 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$1.18 and HK$1.47. A break-up above any of these levels will issue buy signals. Eternity Technology Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Eternity Technology Holdings 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.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.140 between high and low, or 12.84%. For the last week, the stock has had daily average volatility of 8.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1725.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Eternity Technology Holdings Limited to open at HK$1.14, and during the day (based on 14 day Average True Range), to move between HK$0.98 and HK$1.20, which gives a possible trading interval of +/-HK$0.114 (+/-10.46%) up or down from last closing price. If Eternity Technology Holdings Limited takes out the full calculated possible swing range there will be an estimated 20.92% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$1.16, some HK$0.0700 (6.42%) from the current price of HK$1.09, our system finds the risk reward not very attractive.
Is Eternity Technology Holdings Limited stock A Buy?
Eternity Technology 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: -4.199 Sell Candidate Unchanged
Predicted Opening Price for Eternity Technology Holdings Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$1.14 ( 4.28%) | HK$1.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1725.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.28 | 17.13% |
| R2 | 1.22 | 12.22% |
| R1 | 1.19 | 9.19% |
| Price | 1.09 | |
| S1 | 1.08 | -0.625% |
| S2 | 1.05 | -3.66% |
| S3 | 1.00 | -8.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.26 | 15.60% |
| R2 | 1.22 | 11.93% |
| R1 | 1.16 | 6.42% |
| Price | 1.09 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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