Ping An Healthcare and Technology Co Ltd Stock Forecast

Ping An Healthcare and Technology Co Ltd stock price down 0.380% on Thursday
(Updated on Apr 25, 2024)

1833.HK Signals & Forecast

There are mixed signals in the stock today. The Ping An Healthcare and Technology Co Ltd 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$11.33. On a fall, the stock will find some support from the short-term average at HK$10.18. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.82%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Ping An Healthcare and Technology Co Ltd stock

Ping An Healthcare and Technology Co Ltd finds support from accumulated volume at HK$10.28 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 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$0.380 between high and low, or 3.66%. For the last week, the stock has had daily average volatility of 3.98%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1833.HK) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Ping An Healthcare and Technology Company Limited to open at HK$10.54, and during the day (based on 14 day Average True Range), to move between HK$9.95 and HK$11.01, which gives a possible trading interval of +/-HK$0.529 (+/-5.05%) up or down from last closing price. If Ping An Healthcare and Technology Company Limited takes out the full calculated possible swing range there will be an estimated 10.10% 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$10.28 (1.91%) than the resistance at HK$11.18 (6.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ping An Healthcare and Technology Company Limited stock A Buy?

Ping An Healthcare and Technology Co Ltd 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: -2.470 Sell Candidate Unchanged

Predicted Opening Price for Ping An Healthcare and Technology Company Limited of Friday, April 26, 2024

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