Shanshan Brand Management Co., Ltd. Stock Forecast

Shanshan Brand Management Co., Ltd. stock price up 3.75% on Friday
(Updated on May 31, 2024)

1749.HK Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -8.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Shanshan Brand Management Co., Ltd. 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$0.81 and HK$0.775. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, May 21, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Shanshan Brand Management Co., Ltd. stock

Shanshan Brand Management Co., Ltd. finds support from accumulated volume at HK$0.82 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.28%.

Our recommended stop-loss: HK$0.785 (-5.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 63 days ago.)

Trading Expectations (1749.HK) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Shanshan Brand Management Co., Ltd. to open at HK$0.83, and during the day (based on 14 day Average True Range), to move between HK$0.792 and HK$0.87, which gives a possible trading interval of +/-HK$0.0381 (+/-4.59%) 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 9.18% 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$0.82 (1.20%) than the resistance at HK$0.85 (2.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shanshan Brand Management Co., Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shanshan Brand Management Co., Ltd. stock to perform well in the short-term.

Current score: 3.002 Buy Candidate Unchanged

Predicted Opening Price for Shanshan Brand Management Co., Ltd. of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.