GF Securities Co., Ltd. Stock Forecast

GF Securities Co., Ltd. stock upgraded to Hold/Accumulate.
(Updated on May 24, 2024)

1776.HK Signals & Forecast

The GF Securities Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$8.41. On a fall, the stock will find some support from the long-term average at approximately HK$7.88. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -9.83%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for GF Securities Co., Ltd. stock

GF Securities Co., Ltd. finds support from accumulated volume at HK$7.84 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$0.300 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 3.88%.

Our recommended stop-loss: HK$7.48 (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (1776.HK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect GF Securities Co., Ltd. to open at HK$7.98, and during the day (based on 14 day Average True Range), to move between HK$7.59 and HK$8.19, which gives a possible trading interval of +/-HK$0.300 (+/-3.80%) up or down from last closing price. If GF Securities Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.61% 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$7.84 (0.63%) than the resistance at HK$7.96 (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GF Securities Co., Ltd. stock A Buy?

GF Securities Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.503 Hold/Accumulate Upgraded

Predicted Opening Price for GF Securities Co., Ltd. of Monday, May 27, 2024

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