GF Securities Co., Ltd. Stock Forecast
Red day on Monday for GF Securities Co., Ltd. stock after losing 1.43%
(Updated on Jun 17, 2024)
The GF Securities Co., Ltd. stock price fell by -1.43% on the last day (Monday, 17th Jun 2024) from HK$7.01 to HK$6.91. During the last trading day the stock fluctuated 2.47% from a day low at HK$6.89 to a day high of HK$7.06. The price has risen in 6 of the last 10 days but is still down by -2.4% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 3 million shares were bought and sold for approximately HK$21.62 million.
The stock lies in the middle of a very 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 -10.77% during the next 3 months and, with a 90% probability hold a price between HK$5.80 and HK$7.52 at the end of this 3-month period.
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1776.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 1.17%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The GF Securities Co., 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$6.95 and HK$7.69. A break-up above any of these levels will issue buy signals. 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$6.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.170 between high and low, or 2.47%. For the last week, the stock has had daily average volatility of 3.29%.
GF Securities Co., Ltd. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1776.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect GF Securities Co., Ltd. to open at HK$6.95, and during the day (based on 14 day Average True Range), to move between HK$6.67 and HK$7.15, which gives a possible trading interval of +/-HK$0.245 (+/-3.54%) 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 7.09% 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$6.90 (0.14%) than the resistance at HK$7.01 (1.45%), 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 negative signals and is within a very 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: -3.256 Sell Candidate Unchanged
Predicted Opening Price for GF Securities Co., Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$6.95 ( 0.627%) | HK$6.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1776.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.12 | 3.09% |
| R2 | 7.06 | 2.15% |
| R1 | 7.02 | 1.57% |
| Price | 6.91 | |
| S1 | 6.89 | -0.313% |
| S2 | 6.85 | -0.89% |
| S3 | 6.78 | -1.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.96 | 15.20% |
| R2 | 7.08 | 2.46% |
| R1 | 7.01 | 1.45% |
| Price | 6.91 | |
| S1 | 6.90 | -0.145% |
| S2 | 6.88 | -0.434% |
| S3 | 6.83 | -1.16% |
1776 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2024 | May 27, 2024 | Jul 03, 2024 | HK$0.330 | 4.78% |
| 2 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | HK$0.381 | 3.66% |
| 3 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | HK$0.580 | 5.88% |
| 4 | May 24, 2022 | May 24, 2022 | May 24, 2022 | HK$0.580 | 5.94% |
| 5 | May 27, 2021 | May 27, 2021 | May 27, 2021 | HK$0.542 | 4.88% |
FAQ
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