Shanshan Brand Management Co., Ltd. Stock Forecast
Shanshan Brand Management Co., Ltd. stock price up 2.70% on Friday
(Updated on May 17, 2024)
The Shanshan Brand Management Co., Ltd. stock price gained 2.70% on the last trading day (Friday, 17th May 2024), rising from HK$0.740 to HK$0.760. During the last trading day the stock fluctuated 1.32% from a day low at HK$0.760 to a day high of HK$0.770. The price has risen in 5 of the last 10 days and is up by 1.33% over the past 2 weeks. Volume fell on the last day by -435 thousand shares and in total, 74 thousand shares were bought and sold for approximately HK$56.24 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 in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.727 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 36.23% during the next 3 months and, with a 90% probability hold a price between HK$0.99 and HK$1.43 at the end of this 3-month period.
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1749.HK Signals & Forecast
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 Shanshan Brand Management Co., Ltd. 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$0.777 and HK$0.785. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -16.48%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Shanshan Brand Management Co., Ltd. stock
Shanshan Brand Management Co., Ltd. finds support from accumulated volume at HK$0.740 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0100 between high and low, or 1.32%. For the last week the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1749.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shanshan Brand Management Co., Ltd. to open at HK$0.763, and during the day (based on 14 day Average True Range), to move between HK$0.708 and HK$0.81, which gives a possible trading interval of +/-HK$0.0524 (+/-6.89%) up or down from last closing price. If Shanshan Brand Management Co., Ltd. takes out the full calculated possible swing range there will be an estimated 13.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.770 (1.32%) than the support at HK$0.740 (2.63%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Shanshan Brand Management Co., Ltd. stock A Buy?
The Shanshan Brand Management Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Shanshan Brand Management Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.082 Sell Candidate Unchanged
Predicted Opening Price for Shanshan Brand Management Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.763 ( 0.439%) | HK$0.760 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1749.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.773 | 1.75 % | |
| R2 | 0.770 | 1.25 % | ||
| R1 | 0.767 | 0.94 % | ||
| Current price: | 0.760 | |||
| Support | S1 | 0.760 | -0.0640 % | |
| S2 | 0.757 | -0.375 % | ||
| S3 | 0.753 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.89 | 17.11 % | |
| R2 | 0.82 | 7.89 % | ||
| R1 | 0.770 | 1.32 % | ||
| Current price | 0.760 | |||
| Support | S1 | 0.740 | -2.63% | |
| S2 | 0.730 | -3.95% | ||
| S3 | 0.720 | -5.26% |
1749 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Aug 02, 2024 | HK$0.0866 | 11.40% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | HK$0.0440 | 8.89% |
| 3 | Mar 19, 2019 | Jun 10, 2019 | Jul 31, 2019 | HK$0.0680 | 4.86% |
FAQ
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