Guotai Junan International Holdings Ltd Stock Forecast

Guotai Junan International Holdings Ltd stock price ended at HK$0.640 on Monday, after losing 1.54%.
(Updated on May 20, 2024)

1788.HK Signals & Forecast

The Guotai Junan International Holdings 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$0.626 and HK$0.559. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, May 17, 2024, and so far it has fallen -1.54%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Guotai Junan International Holdings Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.560 and HK$0.550. 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, Guotai Junan International Holdings Ltd finds support just below today's level at HK$0.560. If this is broken, then the next support from accumulated volume will be at HK$0.550 and HK$0.540.

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$0.0400 between high and low, or 6.35%. For the last week, the stock has had daily average volatility of 4.82%.

Our recommended stop-loss: HK$0.623 (-2.66%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (1788.HK) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Guotai Junan International Holdings Limited to open at HK$0.647, and during the day (based on 14 day Average True Range), to move between HK$0.616 and HK$0.664, which gives a possible trading interval of +/-HK$0.0242 (+/-3.79%) up or down from last closing price. If Guotai Junan International Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.57% 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$0.650 (1.56%) than the support at HK$0.560 (12.50%), 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 Guotai Junan International Holdings Limited stock A Buy?

Guotai Junan International Holdings 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.

Current score: 0.653 Hold/Accumulate Unchanged

Predicted Opening Price for Guotai Junan International Holdings Limited of Tuesday, May 21, 2024

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