Huali University Group Ltd Stock Forecast

Stronger technical forecast for Huali University Group Ltd stock price after Thursday trading.
(Updated on Jun 20, 2024)

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$0.614 and HK$0.638. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -13.04%. 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Huali University Group Ltd stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0 (0%) between high and low. For the last week, the stock has had daily average volatility of 0.667%.

Our recommended stop-loss: HK$0.569 (-5.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 58 days ago.)

Trading Expectations (1756.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Huali University Group Ltd to open at HK$0.600, and during the day (based on 14 day Average True Range), to move between HK$0.581 and HK$0.619, which gives a possible trading interval of +/-HK$0.0188 (+/-3.13%) 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 6.26% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.620, some HK$0.0200 (3.33%) from the current price of HK$0.600, our system finds the risk reward not very attractive.

Is Huali University Group Ltd stock A Buy?

Huali University Group Ltd 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 Huali University Group Ltd of Friday, June 21, 2024

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