VIVA Biotech Holdings Stock Forecast

Volatile ride for VIVA Biotech Holdings stock price on Wednesday moving between HK$0.670 and HK$0.750
(Updated on May 22, 2024)

1873.HK Signals & Forecast

The VIVA Biotech Holdings 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$0.707 and HK$0.553. 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 Monday, May 20, 2024, and so far it has fallen -9.88%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for VIVA Biotech Holdings stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.630 and HK$0.590. 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, VIVA Biotech Holdings finds support just below today's level at HK$0.630. If this is broken, then the next support from accumulated volume will be at HK$0.590 and HK$0.560.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0800 between high and low, or 11.94%. For the last week, the stock has had daily average volatility of 13.25%.

Our recommended stop-loss: HK$0.702 (-3.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (1873.HK) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect VIVA Biotech Holdings to open at HK$0.717, and during the day (based on 14 day Average True Range), to move between HK$0.668 and HK$0.792, which gives a possible trading interval of +/-HK$0.0621 (+/-8.50%) up or down from last closing price. If VIVA Biotech Holdings takes out the full calculated possible swing range there will be an estimated 17.00% 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$0.750 (2.74%) than the support at HK$0.630 (13.70%), 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 VIVA Biotech Holdings 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 VIVA Biotech Holdings stock to perform well in the short-term.

Current score: 3.110 Buy Candidate Unchanged

Predicted Opening Price for VIVA Biotech Holdings of Thursday, May 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.