Qeeka Home (Cayman) Inc. Stock Forecast
Qeeka Home (Cayman) Inc. stock price ended at HK$0.300 on Friday, after losing 0%.
(Updated on May 10, 2024)
No changes to the price of Qeeka Home (Cayman) Inc. stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 9.09% from a day low at HK$0.275 to a day high of HK$0.300. The price has been going up and down for this period, and there has been a -9.09% loss for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.283 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.79% during the next 3 months and, with a 90% probability hold a price between HK$0.264 and HK$0.385 at the end of this 3-month period.
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1739.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 1.69%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Qeeka Home (Cayman) Inc. 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$0.350 and HK$0.326. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Qeeka Home (Cayman) Inc. stock
Qeeka Home (Cayman) Inc. finds support from accumulated volume at HK$0.295 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 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$0.0250 between high and low, or 9.09%. For the last week, the stock has had daily average volatility of 3.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1739.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Qeeka Home (Cayman) Inc. to open at HK$0.292, and during the day (based on 14 day Average True Range), to move between HK$0.273 and HK$0.327, which gives a possible trading interval of +/-HK$0.0268 (+/-8.94%) up or down from last closing price. If Qeeka Home (Cayman) Inc. takes out the full calculated possible swing range there will be an estimated 17.88% 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$0.295 (1.67%) than the resistance at HK$0.310 (3.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Qeeka Home (Cayman) Inc. stock A Buy?
Qeeka Home (Cayman) Inc. 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: -4.575 Sell Candidate Unchanged
Predicted Opening Price for Qeeka Home (Cayman) Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$0.292 ( 2.78%) | HK$0.300 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1739.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.317 | 5.56 % | |
| R2 | 0.307 | 2.37 % | ||
| R1 | 0.301 | 0.406 % | ||
| Current price: | 0.300 | |||
| Support | S1 | 0.282 | -5.96 % | |
| S2 | 0.276 | -7.93 % | ||
| S3 | 0.267 | -11.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.350 | 16.67 % | |
| R2 | 0.315 | 5.00 % | ||
| R1 | 0.310 | 3.33 % | ||
| Current price | 0.300 | |||
| Support | S1 | 0.295 | -1.67% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
1739 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 17, 2024 | HK$0.0131 | 4.44% |
| 2 | Mar 27, 2020 | Jun 08, 2020 | Jun 26, 2020 | HK$0.0200 | 0.85% |
FAQ
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