Kingboard Laminates Holdings Limited Stock Forecast

Kingboard Laminates Holdings Limited stock price down 1.27% on Friday
(Updated on May 10, 2024)

1888.HK Signals & Forecast

The Kingboard Laminates Holdings 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$7.62 and HK$6.33. 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 Tuesday, May 07, 2024, and so far it has fallen -4.18%. 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 Kingboard Laminates Holdings Limited stock

Kingboard Laminates Holdings Limited finds support from accumulated volume at HK$7.58 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$0.340 between high and low, or 4.44%. For the last week, the stock has had daily average volatility of 7.05%.

Our recommended stop-loss: HK$7.43 (-4.80%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (1888.HK) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Kingboard Laminates Holdings Limited to open at HK$7.82, and during the day (based on 14 day Average True Range), to move between HK$7.38 and HK$8.22, which gives a possible trading interval of +/-HK$0.418 (+/-5.36%) up or down from last closing price. If Kingboard Laminates Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.72% 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$7.90 (1.28%) than the support at HK$7.58 (2.82%), 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 Kingboard Laminates Holdings Limited 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 Kingboard Laminates Holdings Limited stock to perform well in the short-term.

Current score: 2.837 Buy Candidate Unchanged

Predicted Opening Price for Kingboard Laminates Holdings Limited of Monday, May 13, 2024

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