Stella International Holdings Limited Stock Forecast
Stella International Holdings Limited stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Stella International Holdings Limited stock price fell by -0.627% on the last day (Friday, 28th Jun 2024) from HK$15.94 to HK$15.84. During the last trading day the stock fluctuated 3.08% from a day low at HK$15.60 to a day high of HK$16.08. The price has risen in 7 of the last 10 days and is up by 11.55% over the past 2 weeks. Volume has increased on the last day by 58 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, 2 million shares were bought and sold for approximately HK$25.39 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$15.97 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.31% during the next 3 months and, with a 90% probability hold a price between HK$15.74 and HK$17.77 at the end of this 3-month period.
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1836.HK Signals & Forecast
The Stella International Holdings Limited 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$15.22 and HK$14.49. 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 Thursday, June 27, 2024, and so far it has fallen -0.627%. 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 Stella International Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$14.84 and HK$14.30. 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, Stella International Holdings Limited finds support just below today's level at HK$14.84. If this is broken, then the next support from accumulated volume will be at HK$14.30 and HK$14.10.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.480 between high and low, or 3.08%. For the last week, the stock has had daily average volatility of 4.10%.
Our recommended stop-loss: HK$15.42 (-2.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (1836.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Stella International Holdings Limited to open at HK$15.84, and during the day (based on 14 day Average True Range), to move between HK$15.43 and HK$16.25, which gives a possible trading interval of +/-HK$0.411 (+/-2.59%) up or down from last closing price. If Stella International Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.19% 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$15.94 (0.63%) than the support at HK$14.84 (6.31%), 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 Stella International Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Stella International Holdings Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.403 Buy Candidate Upgraded
Predicted Opening Price for Stella International Holdings Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$15.84 ( 0.00000000%) | HK$15.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1836.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.32 | 3.03% |
| R2 | 16.14 | 1.87% |
| R1 | 16.02 | 1.16% |
| Price | 15.84 | |
| S1 | 15.66 | -1.16% |
| S2 | 15.54 | -1.87% |
| S3 | 15.36 | -3.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 15.94 | 0.631% |
| Price | 15.84 | |
| S1 | 14.84 | -6.31% |
| S2 | 14.30 | -9.72% |
| S3 | 14.10 | -10.98% |
1836 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 07, 2024 | HK$0.610 | 4.23% |
| 2 | Sep 06, 2023 | Sep 06, 2023 | Sep 22, 2023 | HK$0.420 | 5.36% |
| 3 | May 17, 2023 | May 17, 2023 | May 17, 2023 | HK$0.450 | 5.79% |
| 4 | Sep 09, 2022 | Sep 09, 2022 | Sep 09, 2022 | HK$0.420 | 5.31% |
| 5 | May 19, 2022 | May 19, 2022 | May 19, 2022 | HK$0.560 | 7.06% |
FAQ
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