Grown Up Group Investment Holdings Ltd Stock Forecast
Red day on Tuesday for Grown Up Group Investment Holdings Ltd stock after losing 1.19%
(Updated on May 21, 2024)
The Grown Up Group Investment Holdings Ltd stock price fell by -1.19% on the last day (Tuesday, 21st May 2024) from HK$0.0840 to HK$0.0830. During the last trading day the stock fluctuated 2.47% from a day low at HK$0.0810 to a day high of HK$0.0830. The price has fallen in 4 of the last 10 days but is still up by 1.22% over the past 2 weeks. 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 -420 thousand shares and in total, 496 thousand shares were bought and sold for approximately HK$41.17 thousand.
The stock lies in the middle of a 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 -11.27% during the next 3 months and, with a 90% probability hold a price between HK$0.0687 and HK$0.0777 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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1842.HK Signals & Forecast
There are mixed signals in the stock today. The Grown Up Group Investment 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$0.0837 and HK$0.0853. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 5.06%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Grown Up Group Investment Holdings Ltd stock
Grown Up Group Investment Holdings Ltd finds support from accumulated volume at HK$0.0820 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved HK$0.0020 between high and low, or 2.47%. For the last week the stock has had daily average volatility of 3.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1842.HK) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Grown Up Group Investment Holdings Ltd to open at HK$0.0823, and during the day (based on 14 day Average True Range), to move between HK$0.0796 and HK$0.0864, which gives a possible trading interval of +/-HK$0.0034 (+/-4.04%) up or down from last closing price. If Grown Up Group Investment Holdings Ltd takes out the full calculated possible swing range there will be an estimated 8.08% 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$0.0820 (1.20%) than the resistance at HK$0.0900 (8.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grown Up Group Investment Holdings Ltd stock A Buy?
Grown Up Group Investment Holdings 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: -3.424 Sell Candidate Unchanged
Predicted Opening Price for Grown Up Group Investment Holdings Ltd of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| HK$0.0823 ( 0.80%) | HK$0.0830 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1842.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0843 | 1.61 % | |
| R2 | 0.0836 | 0.686 % | ||
| R1 | 0.0831 | 0.117 % | ||
| Current price: | 0.0830 | |||
| Support | S1 | 0.0816 | -1.72 % | |
| S2 | 0.0811 | -2.29 % | ||
| S3 | 0.0803 | -3.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0930 | 12.05 % | |
| R2 | 0.0910 | 9.64 % | ||
| R1 | 0.0900 | 8.43 % | ||
| Current price | 0.0830 | |||
| Support | S1 | 0.0820 | -1.20% | |
| S2 | 0.0810 | -2.41% | ||
| S3 | 0.0790 | -4.82% |
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