Eternity Technology Holdings Limited Stock Forecast
Eternity Technology Holdings Limited stock downgraded to Strong Sell Candidate
(Updated on Jul 03, 2024)
No changes to the price of Eternity Technology Holdings Limited stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 7.41% from a day low at HK$1.08 to a day high of HK$1.16. The price has risen in 5 of the last 10 days but is still down by -0.91% for this period.
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 -33.23% during the next 3 months and, with a 90% probability hold a price between HK$0.632 and HK$1.04 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
There are mixed signals in the stock today. 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$1.45. A break-up above any of these levels will issue buy signals. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0800 between high and low, or 7.41%. For the last week, the stock has had daily average volatility of 8.85%.
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 Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Eternity Technology Holdings Limited to open at HK$1.11, 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$0.112 (+/-10.23%) 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 20.46% 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Sell to a Strong Sell candidate.
Current score: -5.816 Strong Sell Candidate Downgraded
Predicted Opening Price for Eternity Technology Holdings Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$1.11 ( 1.83%) | 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 | 1.19 | 9.17% |
| R2 | 1.16 | 6.37% |
| R1 | 1.14 | 4.64% |
| Price | 1.09 | |
| S1 | 1.08 | -0.97% |
| S2 | 1.06 | -2.70% |
| S3 | 1.03 | -5.50% |
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 | - |
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