Feiyang International Holdings Group Ltd Stock Forecast
Feiyang International Holdings Group Ltd stock price down 4.35% on Monday
(Updated on May 27, 2024)
The Feiyang International Holdings Group Ltd stock price fell by -4.35% on the last day (Monday, 27th May 2024) from HK$0.138 to HK$0.132. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.15% from a day low at HK$0.130 to a day high of HK$0.138. The price has fallen in 7 of the last 10 days and is down by -11.41% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately HK$492.36 thousand.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (HK$0.133) are considered to be a "second chance" to get out. According to the fan-theory HK$0.105 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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1901.HK Signals & Forecast
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. The Feiyang International Holdings Group Ltd 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$0.141 and HK$0.174. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -45.68%. Further fall is indicated until a new bottom pivot has been found. Feiyang International Holdings Group Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Feiyang International Holdings Group Ltd 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 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$0.0080 between high and low, or 6.15%. For the last week, the stock has had daily average volatility of 4.61%.
Feiyang International Holdings Group Ltd is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1901.HK) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Feiyang International Holdings Group Ltd to open at HK$0.133, and during the day (based on 14 day Average True Range), to move between HK$0.122 and HK$0.142, which gives a possible trading interval of +/-HK$0.0104 (+/-7.88%) up or down from last closing price. If Feiyang International Holdings Group Ltd takes out the full calculated possible swing range there will be an estimated 15.76% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.147, some HK$0.0150 (11.36%) from the current price of HK$0.132, our system finds the risk reward not very attractive.
Is Feiyang International Holdings Group Ltd stock A Buy?
Feiyang International Holdings Group Ltd holds several negative signals and is within a 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.
Current score: -7.623 Strong Sell Candidate Unchanged
Predicted Opening Price for Feiyang International Holdings Group Ltd of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| HK$0.133 ( 1.01%) | HK$0.132 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1901.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.141 | 7.07 % | |
| R2 | 0.138 | 4.76 % | ||
| R1 | 0.136 | 3.33 % | ||
| Current price: | 0.132 | |||
| Support | S1 | 0.130 | -1.31 % | |
| S2 | 0.128 | -2.74 % | ||
| S3 | 0.125 | -5.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.158 | 19.70 % | |
| R2 | 0.150 | 13.64 % | ||
| R1 | 0.147 | 11.36 % | ||
| Current price | 0.132 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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