Kingland Group Holdings Limited Stock Forecast

Kingland Group Holdings Limited stock price fell more than -5.66% Friday closing at HK$0.500
(Updated on May 31, 2024)

1751.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Kingland Group 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$0.526 and HK$0.553. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -16.67%. 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). Kingland Group Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Kingland Group Holdings Limited stock

Kingland Group Holdings Limited finds support from accumulated volume at HK$0.495 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0100 between high and low, or 2.00%. For the last week, the stock has had daily average volatility of 5.16%.

Our recommended stop-loss: HK$0.474 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 33 days ago.)

Trading Expectations (1751.HK) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Kingland Group Holdings Limited to open at HK$0.503, and during the day (based on 14 day Average True Range), to move between HK$0.475 and HK$0.525, which gives a possible trading interval of +/-HK$0.0254 (+/-5.09%) up or down from last closing price. If Kingland Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.17% 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$0.495 (1.00%) than the resistance at HK$0.530 (6.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kingland Group Holdings Limited stock A Buy?

Kingland Group Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Kingland Group Holdings Limited of Monday, June 3, 2024

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