Yangzhou Guangling District Taihe Rural Stock Forecast

Red day on Thursday for Yangzhou Guangling District Taihe Rural stock after losing 0%
(Updated on Jun 27, 2024)

1915.HK Signals & Forecast

The Yangzhou Guangling District Taihe Rural stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.556. On a fall, the stock will find some support from the long-term average at approximately HK$0.549. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Yangzhou Guangling District Taihe Rural stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.500 and HK$0.475. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Yangzhou Guangling District Taihe Rural finds support just below today's level at HK$0.500. If this is broken, then the next support from accumulated volume will be at HK$0.475 and HK$0.455.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.93%

Our recommended stop-loss: HK$0.516 (-6.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (1915.HK) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Yangzhou Guangling District Taihe Rural Micro-finance Company Limited to open at HK$0.550, and during the day (based on 14 day Average True Range), to move between HK$0.518 and HK$0.582, which gives a possible trading interval of +/-HK$0.0320 (+/-5.81%) up or down from last closing price. If Yangzhou Guangling District Taihe Rural Micro-finance Company Limited takes out the full calculated possible swing range there will be an estimated 11.62% 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$0.560 (1.82%) than the support at HK$0.500 (9.09%), 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 Yangzhou Guangling District Taihe Rural Micro-finance Company 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 Yangzhou Guangling District Taihe Rural stock to perform well in the short-term.

Current score: 3.466 Buy Candidate Unchanged

Predicted Opening Price for Yangzhou Guangling District Taihe Rural Micro-finance Company Limited of Friday, June 28, 2024

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