Hang Yick Holdings Company Limited Stock Forecast
Volatile ride for Hang Yick Holdings Company Limited stock price on Thursday moving between HK$0.0510 and HK$0.0570
(Updated on Jun 20, 2024)
The Hang Yick Holdings Company Limited stock price gained 6.00% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.0500 to HK$0.0530. During the last trading day the stock fluctuated 11.76% from a day low at HK$0.0510 to a day high of HK$0.0570. The price has been going up and down for this period, and there has been a -13.11% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately HK$588.83 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.0499 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.66% during the next 3 months and, with a 90% probability hold a price between HK$0.0456 and HK$0.0620 at the end of this 3-month period.
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1894.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 6.00%. Further rise is indicated until a new top pivot has been found. Hang Yick Holdings Company 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 Hang Yick Holdings Company 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$0.0566 and HK$0.0627. 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 Hang Yick Holdings Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0500. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$ may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0060 between high and low, or 11.76%. For the last week, the stock has had daily average volatility of 8.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1894.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Hang Yick Holdings Company Limited to open at HK$0.0537, and during the day (based on 14 day Average True Range), to move between HK$0.0488 and HK$0.0572, which gives a possible trading interval of +/-HK$0.0042 (+/-7.93%) up or down from last closing price. If Hang Yick Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 15.86% 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$0.0500 (5.66%) than the resistance at HK$0.0610 (15.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hang Yick Holdings Company Limited stock A Buy?
Hang Yick Holdings Company 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: -4.588 Sell Candidate Upgraded
Predicted Opening Price for Hang Yick Holdings Company Limited of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
HK$0.0537 ( 1.26%) | HK$0.0530 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1894.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0597 | 12.58% |
R2 | 0.0574 | 8.25% |
R1 | 0.0560 | 5.58% |
Price | 0.0530 | |
S1 | 0.0514 | -3.07% |
S2 | 0.0500 | -5.74% |
S3 | 0.0477 | -10.06% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0640 | 20.75% |
R2 | 0.0630 | 18.87% |
R1 | 0.0610 | 15.09% |
Price | 0.0530 | |
S1 | 0.0500 | -5.66% |
S2 | 0 | - |
S3 | 0 | - |
1894 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 28, 2019 | Dec 11, 2019 | Dec 30, 2019 | HK$0.0030 | 0.0920% |
2 | Jun 27, 2019 | Sep 02, 2019 | Sep 20, 2019 | HK$0.0050 | 0.146% |
3 | Nov 28, 2018 | Dec 11, 2018 | Dec 28, 2018 | HK$0.0130 | 0.80% |
FAQ
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