Goal Forward Holdings Limited Stock Forecast
Green day on Wednesday for Goal Forward Holdings Limited stock after gaining 1.94%
(Updated on Jul 03, 2024)
The Goal Forward Holdings Limited stock price gained 1.94% on the last trading day (Wednesday, 3rd Jul 2024), rising from HK$1.03 to HK$1.05. During the last trading day the stock fluctuated 3.96% from a day low at HK$1.01 to a day high of HK$1.05. The price has fallen in 4 of the last 10 days but is still up by 5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 330 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately HK$2.03 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$1.00, a level that may pose a second chance to hit a runner. According to fan-theory HK$1.25 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1854.HK Signals & Forecast
The Goal Forward 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$1.02 and HK$0.98. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, May 02, 2024, and so far it has fallen -6.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Goal Forward Holdings Limited stock
Goal Forward Holdings Limited finds support from accumulated volume at HK$1.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.0400 between high and low, or 3.96%. For the last week, the stock has had daily average volatility of 5.41%.
Our recommended stop-loss: HK$0.99 (-5.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (1854.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Goal Forward Holdings Limited to open at HK$1.04, and during the day (based on 14 day Average True Range), to move between HK$1.00 and HK$1.10, which gives a possible trading interval of +/-HK$0.0483 (+/-4.60%) up or down from last closing price. If Goal Forward Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.20% 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$1.06 (0.95%) than the support at HK$1.02 (2.86%), 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 Goal Forward Holdings Limited stock A Buy?
Goal Forward Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.464 Hold/Accumulate Unchanged
Predicted Opening Price for Goal Forward Holdings Limited of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
HK$1.04 ( 1.27%) | HK$1.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1854.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.08 | 2.54% |
R2 | 1.06 | 1.08% |
R1 | 1.05 | 0.185% |
Price | 1.05 | |
S1 | 1.02 | -2.73% |
S2 | 1.01 | -3.62% |
S3 | 1.00 | -5.08% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.12 | 6.67% |
R2 | 1.10 | 4.76% |
R1 | 1.06 | 0.95% |
Price | 1.05 | |
S1 | 1.02 | -2.86% |
S2 | 1.00 | -4.76% |
S3 | 0.99 | -5.71% |
FAQ
Click here for our free guide on how to buy Goal Forward Holdings Limited Stock.