eprint Group Limited Stock Forecast
Big movements in eprint Group Limited stock price on Wednesday moving 24.18% between high and low
(Updated on Jun 26, 2024)
The eprint Group Limited stock price gained 7.19% on the last trading day (Wednesday, 26th Jun 2024), rising from HK$0.153 to HK$0.164. During the last trading day the stock fluctuated 24.18% from a day low at HK$0.153 to a day high of HK$0.190. The price has fallen in 8 of the last 10 days and is down by -79.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately HK$1.39 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at HK$0.153 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect eprint Group Limited stock with a 90% probability to be traded between HK$0.151 and HK$0.787 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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1884.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 7.19%. Further rise is indicated until a new top pivot has been found. eprint Group Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The eprint Group 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$0.170 and HK$0.470. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for eprint Group Limited stock
eprint Group Limited finds support from accumulated volume at HK$0.162 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 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$0.0370 between high and low, or 24.18%. For the last week, the stock has had daily average volatility of 12.89%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect eprint Group Limited to open at HK$0.169, and during the day (based on 14 day Average True Range), to move between HK$0.101 and HK$0.227, which gives a possible trading interval of +/-HK$0.0632 (+/-38.55%) up or down from last closing price. If eprint Group Limited takes out the full calculated possible swing range there will be an estimated 77.09% 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$0.162 (1.22%) than the resistance at HK$0.182 (10.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is eprint Group Limited stock A Buy?
eprint Group Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.223 Sell Candidate Upgraded
Predicted Opening Price for eprint Group Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$0.169 ( 3.05%) | HK$0.164 |
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 | 0.206 | 25.61% |
| R2 | 0.192 | 16.99% |
| R1 | 0.183 | 11.67% |
| Price | 0.164 | |
| S1 | 0.155 | -5.57% |
| S2 | 0.146 | -10.89% |
| S3 | 0.132 | -19.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.204 | 24.39% |
| R2 | 0.187 | 14.02% |
| R1 | 0.182 | 10.98% |
| Price | 0.164 | |
| S1 | 0.162 | -1.22% |
| S2 | 0.153 | -6.71% |
| 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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