Perfect Shape Medical Limited Stock Forecast
Green day on Friday for Perfect Shape Medical Limited stock after gaining 1.23%
(Updated on May 03, 2024)
The Perfect Shape Medical Limited stock price gained 1.23% on the last trading day (Friday, 3rd May 2024), rising from HK$2.43 to HK$2.46. During the last trading day the stock fluctuated 1.65% from a day low at HK$2.43 to a day high of HK$2.47. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -718 thousand shares and in total, 710 thousand shares were bought and sold for approximately HK$1.75 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.12% during the next 3 months and, with a 90% probability hold a price between HK$1.73 and HK$2.29 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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1830.HK Signals & Forecast
There are mixed signals in the stock today. The Perfect Shape Medical Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$2.90. On a fall, the stock will find some support from the short-term average at HK$2.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 5.13%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Perfect Shape Medical Limited stock
Perfect Shape Medical Limited finds support from accumulated volume at HK$2.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.0400 between high and low, or 1.65%. For the last week, the stock has had daily average volatility of 2.72%.
Perfect Shape Medical Limited is oversold on RSI14 (22). 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 (1830.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Perfect Shape Medical Limited to open at HK$2.45, and during the day (based on 14 day Average True Range), to move between HK$2.36 and HK$2.56, which gives a possible trading interval of +/-HK$0.103 (+/-4.17%) up or down from last closing price. If Perfect Shape Medical Limited takes out the full calculated possible swing range there will be an estimated 8.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$2.45 (0.41%) than the resistance at HK$2.51 (2.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Perfect Shape Medical Limited stock A Buy?
Perfect Shape Medical 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: -1.727 Sell Candidate Unchanged
Predicted Opening Price for Perfect Shape Medical Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$2.45 ( 0.271%) | HK$2.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1830.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.49 | 1.36 % | |
| R2 | 2.48 | 0.734 % | ||
| R1 | 2.47 | 0.350 % | ||
| Current price: | 2.46 | |||
| Support | S1 | 2.44 | -0.89 % | |
| S2 | 2.43 | -1.28 % | ||
| S3 | 2.41 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.78 | 13.01 % | |
| R2 | 2.56 | 4.07 % | ||
| R1 | 2.51 | 2.03 % | ||
| Current price | 2.46 | |||
| Support | S1 | 2.45 | -0.407% | |
| S2 | 2.39 | -2.85% | ||
| S3 | 2.36 | -4.07% |
1830 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | HK$0 | 0% |
| 2 | Dec 06, 2022 | Dec 06, 2022 | Dec 06, 2022 | HK$0.130 | 3.27% |
| 3 | Aug 17, 2022 | Aug 17, 2022 | Aug 17, 2022 | HK$0.0710 | 1.83% |
| 4 | Dec 13, 2021 | Dec 13, 2021 | Dec 13, 2021 | HK$0.177 | 3.09% |
| 5 | Aug 25, 2021 | Aug 25, 2021 | Aug 25, 2021 | HK$0.130 | 2.00% |
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