Golden Ponder Holdings Limited Stock Forecast
Golden Ponder Holdings Limited stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Golden Ponder Holdings Limited stock price gained 2.27% on the last trading day (Friday, 26th Apr 2024), rising from HK$3.52 to HK$3.60. It has now gained 3 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 2.27% from a day low at HK$3.52 to a day high of HK$3.60. The price has been going up and down for this period, and there has been a 0% change 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, 346 thousand more shares were traded than the day before. In total, 806 thousand shares were bought and sold for approximately HK$2.90 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$3.55 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 81.10% during the next 3 months and, with a 90% probability hold a price between HK$6.43 and HK$7.25 at the end of this 3-month period.
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1783.HK Signals & Forecast
The Golden Ponder Holdings Limited 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$3.51 and HK$3.50. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical 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 Wednesday, April 10, 2024, and so far it has fallen -1.10%. 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).
Support, Risk & Stop-loss for Golden Ponder Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$3.36 and HK$3.03. 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, Golden Ponder Holdings Limited finds support just below today's level at HK$3.36. If this is broken, then the next support from accumulated volume will be at HK$3.03 and HK$2.80.
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$0.0800 (2.27%) between high and low. For the last week, the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: HK$3.45 (-4.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (1783.HK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Golden Ponder Holdings Limited to open at HK$3.57, and during the day (based on 14 day Average True Range), to move between HK$3.48 and HK$3.72, which gives a possible trading interval of +/-HK$0.118 (+/-3.28%) up or down from last closing price. If Golden Ponder Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.56% 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$3.62 (0.56%) than the support at HK$3.36 (6.67%), 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 Golden Ponder Holdings Limited stock A Buy?
Golden Ponder Holdings Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.383 Strong Buy Candidate Upgraded
Predicted Opening Price for Golden Ponder Holdings Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| HK$3.57 ( 0.741%) | HK$3.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1783.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.65 | 1.48 % | |
| R2 | 3.62 | 0.633 % | ||
| R1 | 3.60 | 0.108 % | ||
| Current price: | 3.60 | |||
| Support | S1 | 3.54 | -1.59 % | |
| S2 | 3.52 | -2.11 % | ||
| S3 | 3.49 | -2.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.64 | 1.11 % | |
| R2 | 3.63 | 0.83 % | ||
| R1 | 3.62 | 0.556 % | ||
| Current price | 3.60 | |||
| Support | S1 | 3.36 | -6.67% | |
| S2 | 3.03 | -15.83% | ||
| S3 | 2.80 | -22.22% |
1783 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2020 | Aug 21, 2020 | Sep 18, 2020 | HK$0.0100 | 7.58% |
FAQ
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