Goal Forward Holdings Limited Stock Forecast
Stronger technical forecast for Goal Forward Holdings Limited stock price after Friday trading.
(Updated on May 31, 2024)
The Goal Forward Holdings Limited stock price gained 1.06% on the last trading day (Friday, 31st May 2024), rising from HK$0.94 to HK$0.95. During the last trading day the stock fluctuated 4.40% from a day low at HK$0.91 to a day high of HK$0.95. The price has risen in 5 of the last 10 days and is up by 3.26% over the past 2 weeks. Volume fell on the last day by -60 thousand shares and in total, 1 million shares were bought and sold for approximately HK$1.32 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.
Given the current short-term trend, the stock is expected to fall -40.30% during the next 3 months and, with a 90% probability hold a price between HK$0.383 and HK$0.567 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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1854.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 7.95%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Goal Forward Holdings Limited 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$0.95 and HK$1.01. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Goal Forward Holdings Limited stock
Goal Forward Holdings Limited finds support from accumulated volume at HK$0.94 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0400 between high and low, or 4.40%. For the last week the stock has had daily average volatility of 4.13%.
Our recommended stop-loss: HK$0.92 (-3.62%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (1854.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Goal Forward Holdings Limited to open at HK$0.94, and during the day (based on 14 day Average True Range), to move between HK$0.89 and HK$1.01, which gives a possible trading interval of +/-HK$0.0604 (+/-6.36%) 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 12.73% 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$0.94 (1.05%) than the resistance at HK$1.00 (5.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Goal Forward Holdings Limited stock A Buy?
Goal Forward Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.859 Hold/Accumulate Upgraded
Predicted Opening Price for Goal Forward Holdings Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$0.94 ( 1.40%) | HK$0.95 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.98 | 2.81 % | |
| R2 | 0.96 | 1.20 % | ||
| R1 | 0.95 | 0.205 % | ||
| Current price: | 0.95 | |||
| Support | S1 | 0.92 | -3.01 % | |
| S2 | 0.91 | -4.01 % | ||
| S3 | 0.90 | -5.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.12 | 17.89 % | |
| R2 | 1.02 | 7.37 % | ||
| R1 | 1.00 | 5.26 % | ||
| Current price | 0.95 | |||
| Support | S1 | 0.94 | -1.05% | |
| S2 | 0.93 | -2.11% | ||
| S3 | 0.88 | -7.37% |
FAQ
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