Vixtel Technologies Holdings Limited Stock Forecast

Red day on Friday for Vixtel Technologies Holdings Limited stock after losing 0%
(Updated on Jun 28, 2024)

1782.HK Signals & Forecast

There are mixed signals in the stock today. The Vixtel Technologies Holdings Limited 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$4.71 and HK$5.02. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 4.93%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".

Support, Risk & Stop-loss for Vixtel Technologies Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$4.28 and HK$4.27. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vixtel Technologies Holdings Limited finds support just below today's level at HK$4.28. If this is broken, then the next support from accumulated volume will be at HK$4.27 and HK$4.08.

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$0.290 between high and low, or 6.59%. For the last week, the stock has had daily average volatility of 2.58%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1782.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Vixtel Technologies Holdings Limited to open at HK$4.59, and during the day (based on 14 day Average True Range), to move between HK$4.48 and HK$4.88, which gives a possible trading interval of +/-HK$0.200 (+/-4.28%) up or down from last closing price. If Vixtel Technologies Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.56% 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$4.82 (2.99%) than the support at HK$4.28 (8.55%), 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 Vixtel Technologies Holdings Limited stock A Buy?

Vixtel Technologies Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.217 Sell Candidate Unchanged

Predicted Opening Price for Vixtel Technologies Holdings Limited of Tuesday, July 2, 2024

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