Pipeline Engineering Holding Limited Stock Forecast
Big movements in Pipeline Engineering Holding Limited stock price on Friday moving 15.63% between high and low
(Updated on May 17, 2024)
The Pipeline Engineering Holding Limited stock price gained 6.06% on the last trading day (Friday, 17th May 2024), rising from HK$0.0330 to HK$0.0350. During the last trading day the stock fluctuated 15.63% from a day low at HK$0.0320 to a day high of HK$0.0370. The price has fallen in 6 of the last 10 days but is still up by 34.62% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 8 million shares were bought and sold for approximately HK$269.78 thousand. 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.
The stock lies in the middle of a very 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 -27.70% during the next 3 months and, with a 90% probability hold a price between HK$0.0153 and HK$0.0329 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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1865.HK Signals & Forecast
The Pipeline Engineering Holding 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$0.0349 and HK$0.0323. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 6.06%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Pipeline Engineering Holding Limited stock
Pipeline Engineering Holding Limited finds support from accumulated volume at HK$0.0340 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0050 between high and low, or 15.63%. For the last week the stock has had daily average volatility of 18.49%.
Our recommended stop-loss: HK$0.0338 (-3.30%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (1865.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Pipeline Engineering Holding Limited to open at HK$0.0347, and during the day (based on 14 day Average True Range), to move between HK$0.0300 and HK$0.0400, which gives a possible trading interval of +/-HK$0.0050 (+/-14.39%) up or down from last closing price. If Pipeline Engineering Holding Limited takes out the full calculated possible swing range there will be an estimated 28.79% 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$0.0340 (2.86%) than the resistance at HK$0.0370 (5.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pipeline Engineering Holding Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.177 Buy Candidate Upgraded
Predicted Opening Price for Pipeline Engineering Holding Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.0347 ( 0.95%) | HK$0.0350 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1865.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0397 | 13.33 % | |
| R2 | 0.0378 | 7.88 % | ||
| R1 | 0.0366 | 4.50 % | ||
| Current price: | 0.0350 | |||
| Support | S1 | 0.0328 | -6.41 % | |
| S2 | 0.0316 | -9.78 % | ||
| S3 | 0.0297 | -15.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0430 | 22.86 % | |
| R2 | 0.0410 | 17.14 % | ||
| R1 | 0.0370 | 5.71 % | ||
| Current price | 0.0350 | |||
| Support | S1 | 0.0340 | -2.86% | |
| S2 | 0.0330 | -5.71% | ||
| S3 | 0.0320 | -8.57% |
FAQ
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