Yield Go Holdings Ltd. Stock Forecast
Volatile ride for Yield Go Holdings Ltd. stock price on Thursday moving between HK$1.92 and HK$2.26
(Updated on Jul 04, 2024)
The Yield Go Holdings Ltd. stock price fell by -13.22% on the last day (Thursday, 4th Jul 2024) from HK$2.27 to HK$1.97. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 17.71% from a day low at HK$1.92 to a day high of HK$2.26. The price has fallen in 8 of the last 10 days and is down by -32.3% 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 -34 thousand shares and in total, 716 thousand shares were bought and sold for approximately HK$1.41 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$1.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -44.84% during the next 3 months and, with a 90% probability hold a price between HK$0.96 and HK$1.67 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1796.HK Signals & Forecast
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. The Yield Go Holdings 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$2.52 and HK$3.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -62.62%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Yield Go Holdings Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.340 between high and low, or 17.71%. For the last week the stock has had daily average volatility of 10.28%.
Yield Go Holdings Ltd. is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1796.HK) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Yield Go Holdings Ltd. to open at HK$2.05, and during the day (based on 14 day Average True Range), to move between HK$1.72 and HK$2.22, which gives a possible trading interval of +/-HK$0.246 (+/-12.48%) up or down from last closing price. If Yield Go Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 24.97% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$2.27, some HK$0.300 (15.23%) from the current price of HK$1.97, our system finds the risk reward not very attractive.
Is Yield Go Holdings Ltd. stock A Buy?
Yield Go Holdings 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: -6.173 Strong Sell Candidate Unchanged
Predicted Opening Price for Yield Go Holdings Ltd. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| HK$2.05 ( 4.06%) | HK$1.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1796.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.39 | 21.32% |
| R2 | 2.26 | 14.73% |
| R1 | 2.18 | 10.65% |
| Price | 1.97 | |
| S1 | 1.92 | -2.53% |
| S2 | 1.84 | -6.61% |
| S3 | 1.71 | -13.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 2.27 | 15.23% |
| Price | 1.97 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
1796 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2019 | Sep 04, 2019 | Oct 04, 2019 | HK$0.0800 | 12.50% |
FAQ
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