Xingda International Holdings Limited Stock Forecast
Xingda International Holdings Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
No changes to the price of Xingda International Holdings Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 5.26% from a day low at HK$1.52 to a day high of HK$1.60. The price has risen in 5 of the last 10 days and is up by 8.28% over the past 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.35% during the next 3 months and, with a 90% probability hold a price between HK$1.49 and HK$1.72 at the end of this 3-month period.
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1899.HK Signals & Forecast
The Xingda International 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$1.53 and HK$1.51. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 14, 2024, and so far it has fallen -0.633%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Xingda International Holdings Limited stock
Xingda International Holdings Limited finds support from accumulated volume at HK$1.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0800 between high and low, or 5.26%. For the last week, the stock has had daily average volatility of 4.77%.
Our recommended stop-loss: HK$1.51 (-3.65%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (1899.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Xingda International Holdings Limited to open at HK$1.56, and during the day (based on 14 day Average True Range), to move between HK$1.52 and HK$1.62, which gives a possible trading interval of +/-HK$0.0537 (+/-3.42%) up or down from last closing price. If Xingda International Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.84% 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$1.58 (0.64%) than the support at HK$1.51 (3.82%), 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 Xingda International 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 Xingda International Holdings Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.161 Buy Candidate Upgraded
Predicted Opening Price for Xingda International Holdings Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$1.56 ( 0.425%) | HK$1.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1899.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.64 | 4.67 % | |
R2 | 1.61 | 2.72 % | ||
R1 | 1.59 | 1.52 % | ||
Current price: | 1.57 | |||
Support | S1 | 1.53 | -2.37 % | |
S2 | 1.51 | -3.57 % | ||
S3 | 1.48 | -5.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.64 | 4.46 % | |
R2 | 1.60 | 1.91 % | ||
R1 | 1.58 | 0.637 % | ||
Current price | 1.57 | |||
Support | S1 | 1.51 | -3.82% | |
S2 | 1.48 | -5.73% | ||
S3 | 1.45 | -7.64% |
1899 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 03, 2024 | Jun 03, 2024 | Jul 26, 2024 | HK$0.130 | 8.28% |
2 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | HK$0.150 | 10.42% |
3 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | HK$0.150 | 10.95% |
4 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | HK$0.150 | 7.50% |
5 | Jun 22, 2020 | Jun 22, 2020 | Jun 22, 2020 | HK$0.150 | 9.09% |
FAQ
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