Huali University Group Ltd Stock Forecast
Red day on Wednesday for Huali University Group Ltd stock after losing 3.08%
(Updated on May 22, 2024)
The Huali University Group Ltd stock price fell by -3.08% on the last day (Wednesday, 22nd May 2024) from HK$0.650 to HK$0.630. During the last trading day the stock fluctuated 4.76% from a day low at HK$0.630 to a day high of HK$0.660. The price has fallen in 5 of the last 10 days and is down by -3.08% for this period. Volume has increased on the last day by 71 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 910 thousand shares were bought and sold for approximately HK$573.30 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.65% during the next 3 months and, with a 90% probability hold a price between HK$0.570 and HK$0.665 at the end of this 3-month period.
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1756.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Huali University Group 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$0.637 and HK$0.667. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -3.08%. 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). Huali University Group Ltd 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".
Support, Risk & Stop-loss for Huali University Group Ltd stock
Huali University Group Ltd finds support from accumulated volume at HK$0.620 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$0.0300 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 4.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1756.HK) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Huali University Group Ltd to open at HK$0.640, and during the day (based on 14 day Average True Range), to move between HK$0.600 and HK$0.660, which gives a possible trading interval of +/-HK$0.0298 (+/-4.74%) up or down from last closing price. If Huali University Group Ltd takes out the full calculated possible swing range there will be an estimated 9.47% 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$0.620 (1.59%) than the resistance at HK$0.650 (3.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Huali University Group Ltd stock A Buy?
Huali University Group Ltd holds several negative signals and is within a 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: -4.295 Sell Candidate Unchanged
Predicted Opening Price for Huali University Group Ltd of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| HK$0.640 ( 1.59%) | HK$0.630 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1756.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.670 | 6.35 % | |
| R2 | 0.659 | 4.53 % | ||
| R1 | 0.651 | 3.41 % | ||
| Current price: | 0.630 | |||
| Support | S1 | 0.629 | -0.232 % | |
| S2 | 0.621 | -1.36 % | ||
| S3 | 0.610 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.690 | 9.52 % | |
| R2 | 0.670 | 6.35 % | ||
| R1 | 0.650 | 3.17 % | ||
| Current price | 0.630 | |||
| Support | S1 | 0.620 | -1.59% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
1756 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | HK$0.0502 | 4.83% |
| 2 | Aug 03, 2021 | Aug 03, 2021 | Aug 03, 2021 | HK$0.0621 | 3.51% |
| 3 | Jan 22, 2021 | Jan 22, 2021 | Jan 22, 2021 | HK$0.0748 | 2.65% |
| 4 | Apr 16, 2020 | Jun 18, 2020 | Jul 08, 2020 | HK$0.0560 | 1.69% |
FAQ
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