Hope Education Group Co., Ltd. Stock Forecast
Hope Education Group Co., Ltd. stock price up 1.92% on Tuesday
(Updated on May 14, 2024)
The Hope Education Group Co., Ltd. stock price gained 1.92% on the last trading day (Tuesday, 14th May 2024), rising from HK$0.260 to HK$0.265. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.69% from a day low at HK$0.260 to a day high of HK$0.280. The price has been going up and down for this period, and there has been a 8.61% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 million more shares were traded than the day before. In total, 155 million shares were bought and sold for approximately HK$40.94 million.
Given the current short-term trend, the stock is expected to fall -28.92% during the next 3 months and, with a 90% probability hold a price between HK$0.135 and HK$0.188 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1765.HK Signals & Forecast
Mostly positive signals in the chart today. The Hope Education Group 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$0.248 and HK$0.238. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 21.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hope Education Group Co., Ltd. stock
Hope Education Group Co., Ltd. finds support from accumulated volume at HK$0.260 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$0.0200 between high and low, or 7.69%. For the last week, the stock has had daily average volatility of 6.68%.
Our recommended stop-loss: HK$0.256 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (1765.HK) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Hope Education Group Co., Ltd. to open at HK$0.268, and during the day (based on 14 day Average True Range), to move between HK$0.251 and HK$0.279, which gives a possible trading interval of +/-HK$0.0140 (+/-5.28%) up or down from last closing price. If Hope Education Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.56% 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$0.270 (1.89%) than the support at HK$0.260 (1.89%), 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 Hope Education Group Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.770 Buy Candidate Unchanged
Predicted Opening Price for Hope Education Group Co., Ltd. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| HK$0.268 ( 1.26%) | HK$0.265 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1765.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.288 | 8.81 % | |
| R2 | 0.281 | 5.92 % | ||
| R1 | 0.276 | 4.14 % | ||
| Current price: | 0.265 | |||
| Support | S1 | 0.261 | -1.63 % | |
| S2 | 0.256 | -3.41 % | ||
| S3 | 0.248 | -6.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.325 | 22.64 % | |
| R2 | 0.290 | 9.43 % | ||
| R1 | 0.270 | 1.89 % | ||
| Current price | 0.265 | |||
| Support | S1 | 0.260 | -1.89% | |
| S2 | 0.255 | -3.77% | ||
| S3 | 0.222 | -16.23% |
1765 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2022 | Feb 22, 2022 | Feb 22, 2022 | HK$0.0400 | 4.71% |
| 2 | Mar 22, 2021 | Mar 22, 2021 | Mar 22, 2021 | HK$0.0098 | 0.353% |
| 3 | Mar 30, 2020 | Jul 02, 2020 | Jul 20, 2020 | HK$0.0250 | 0.91% |
| 4 | Mar 22, 2019 | May 30, 2019 | Jun 17, 2019 | HK$0.0180 | 1.76% |
FAQ
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