Time Interconnect Technology Limited Stock Forecast
Stronger technical forecast for Time Interconnect Technology Limited stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Time Interconnect Technology Limited stock price gained 4.32% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$3.24 to HK$3.38. During the last trading day the stock fluctuated 6.92% from a day low at HK$3.18 to a day high of HK$3.40. The price has risen in 5 of the last 10 days and is up by 11.18% over the past 2 weeks. Volume fell on the last day by -5 million shares and in total, 16 million shares were bought and sold for approximately HK$55.26 million. 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 in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 67.03% during the next 3 months and, with a 90% probability hold a price between HK$4.53 and HK$6.66 at the end of this 3-month period.
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1729.HK Signals & Forecast
The Time Interconnect Technology Limited 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$3.19 and HK$2.60. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -11.05%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Time Interconnect Technology Limited stock
Time Interconnect Technology Limited finds support from accumulated volume at HK$3.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.220 between high and low, or 6.92%. For the last week, the stock has had daily average volatility of 10.64%.
Our recommended stop-loss: HK$3.27 (-3.18%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (1729.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Time Interconnect Technology Limited to open at HK$3.32, and during the day (based on 14 day Average True Range), to move between HK$3.14 and HK$3.62, which gives a possible trading interval of +/-HK$0.238 (+/-7.04%) up or down from last closing price. If Time Interconnect Technology Limited takes out the full calculated possible swing range there will be an estimated 14.09% 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$3.24 (4.14%) than the resistance at HK$3.52 (4.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Time Interconnect Technology Limited stock A Buy?
Time Interconnect Technology Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.505 Strong Buy Candidate Upgraded
Predicted Opening Price for Time Interconnect Technology Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$3.32 ( 1.78%) | HK$3.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1729.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.54 | 4.73% |
| R2 | 3.46 | 2.25% |
| R1 | 3.40 | 0.711% |
| Price | 3.38 | |
| S1 | 3.24 | -4.26% |
| S2 | 3.18 | -5.80% |
| S3 | 3.10 | -8.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.80 | 12.43% |
| R2 | 3.53 | 4.44% |
| R1 | 3.52 | 4.14% |
| Price | 3.38 | |
| S1 | 3.24 | -4.14% |
| S2 | 3.10 | -8.28% |
| S3 | 3.03 | -10.36% |
1729 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 28, 2024 | HK$0.0070 | 0.216% |
| 2 | Dec 08, 2023 | Dec 08, 2023 | Jan 09, 2024 | HK$0.0075 | 0.551% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Sep 26, 2023 | HK$0.0050 | 0.388% |
| 4 | Dec 12, 2022 | Dec 12, 2022 | Jan 11, 2023 | HK$0.0050 | 0.355% |
| 5 | Aug 25, 2022 | Aug 25, 2022 | Aug 25, 2022 | HK$0.0100 | 0.495% |
FAQ
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