KWG Group Holdings Limited Stock Forecast
KWG Group Holdings Limited stock price down 3.38% on Friday
(Updated on Apr 19, 2024)
The KWG Group Holdings Limited stock price fell by -3.38% on the last day (Friday, 19th Apr 2024) from HK$0.237 to HK$0.229. During the last trading day the stock fluctuated 5.86% from a day low at HK$0.222 to a day high of HK$0.235. The price has fallen in 8 of the last 10 days and is down by -18.21% for this period. Volume has increased on the last day by 230 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately HK$899.86 thousand.
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$0.208 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -43.08% during the next 3 months and, with a 90% probability hold a price between HK$0.118 and HK$0.187 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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1813.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 KWG Group 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$0.241 and HK$0.332. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 22, 2024, and so far it has fallen -53.27%. Further fall is indicated until a new bottom pivot has been found. KWG Group Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for KWG Group Holdings Limited 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0130 between high and low, or 5.86%. For the last week, the stock has had daily average volatility of 7.94%.
KWG Group Holdings Limited is oversold on RSI14 (16). 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 (1813.HK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect KWG Group Holdings Limited to open at HK$0.229, and during the day (based on 14 day Average True Range), to move between HK$0.203 and HK$0.255, which gives a possible trading interval of +/-HK$0.0258 (+/-11.28%) up or down from last closing price. If KWG Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 22.55% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.232, some HK$0.0030 (1.31%) from the current price of HK$0.229, our system finds the risk reward not very attractive.
Is KWG Group Holdings Limited stock A Buy?
KWG Group Holdings Limited 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: -4.007 Sell Candidate Unchanged
Predicted Opening Price for KWG Group Holdings Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| HK$0.229 ( 0.146%) | HK$0.229 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1813.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.242 | 5.53 % | |
| R2 | 0.237 | 3.36 % | ||
| R1 | 0.234 | 2.02 % | ||
| Current price: | 0.229 | |||
| Support | S1 | 0.224 | -2.31 % | |
| S2 | 0.221 | -3.65 % | ||
| S3 | 0.216 | -5.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.280 | 22.27 % | |
| R2 | 0.260 | 13.54 % | ||
| R1 | 0.232 | 1.31 % | ||
| Current price | 0.229 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
1813 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | HK$0.446 | 7.08% |
| 2 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | HK$0.645 | 5.77% |
| 3 | Sep 10, 2020 | Sep 10, 2020 | Sep 10, 2020 | HK$0.456 | 4.33% |
| 4 | Mar 25, 2020 | Jun 10, 2020 | Aug 07, 2020 | HK$0.457 | 4.23% |
| 5 | Aug 28, 2019 | Sep 12, 2019 | Jan 16, 2020 | HK$0.354 | 2.97% |
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