eprint Group Limited Stock Forecast
Is eprint Group Limited stock still a buy after falling -8.33% on Tuesday?
(Updated on Jun 18, 2024)
The eprint Group Limited stock price fell by -8.33% on the last day (Tuesday, 18th Jun 2024) from HK$0.204 to HK$0.187. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 9.89% from a day low at HK$0.182 to a day high of HK$0.200. The price has been going up and down for this period, and there has been a -66.61% loss for the last 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 -61 million shares and in total, 30 million shares were bought and sold for approximately HK$5.58 million.
Given the current short-term trend, the stock is expected to rise 28.71% during the next 3 months and, with a 90% probability hold a price between HK$0.241 and HK$1.05 at the end of this 3-month period.
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1884.HK Signals & Forecast
There are few to no technical positive signals at the moment. The eprint Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.537 and HK$0.526. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -76.63%. 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). 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 eprint Group Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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$0.0180 between high and low, or 9.89%. For the last week, the stock has had daily average volatility of 65.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1884.HK) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect eprint Group Limited to open at HK$0.190, and during the day (based on 14 day Average True Range), to move between HK$0.1000 and HK$0.274, which gives a possible trading interval of +/-HK$0.0870 (+/-46.53%) up or down from last closing price. If eprint Group Limited takes out the full calculated possible swing range there will be an estimated 93.06% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.204, some HK$0.0170 (9.09%) from the current price of HK$0.187, our system finds the risk reward not very attractive.
Is eprint Group Limited stock A Buy?
The eprint Group Limited stock holds several negative signals and despite the positive trend, we believe eprint Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.063 Sell Candidate Unchanged
Predicted Opening Price for eprint Group Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| HK$0.190 ( 1.43%) | HK$0.187 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1884.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.208 | 11.05% |
| R2 | 0.201 | 7.37% |
| R1 | 0.197 | 5.10% |
| Price | 0.187 | |
| S1 | 0.183 | -2.25% |
| S2 | 0.179 | -4.52% |
| S3 | 0.172 | -8.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.204 | 9.09% |
| Price | 0.187 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
1884 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 05, 2022 | Oct 05, 2022 | Oct 05, 2022 | HK$0.0090 | 3.53% |
| 2 | Dec 09, 2021 | Dec 09, 2021 | Dec 09, 2021 | HK$0.0080 | 2.81% |
| 3 | Jun 24, 2019 | Aug 20, 2019 | Sep 05, 2019 | HK$0.0160 | 4.10% |
| 4 | Jun 29, 2018 | Aug 16, 2018 | Sep 05, 2018 | HK$0.0240 | 4.53% |
| 5 | Jun 23, 2017 | Aug 10, 2017 | Aug 29, 2017 | HK$0.0160 | 0.80% |
FAQ
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