Sands China Ltd. Stock Forecast
Red day on Tuesday for Sands China Ltd. stock after losing 2.40%
(Updated on Apr 30, 2024)
The Sands China Ltd. stock price fell by -2.40% on the last day (Tuesday, 30th Apr 2024) from HK$19.14 to HK$18.68. During the last trading day the stock fluctuated 2.89% from a day low at HK$18.66 to a day high of HK$19.20. The price has fallen in 6 of the last 10 days and is down by -5.18% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -24 million shares and in total, 20 million shares were bought and sold for approximately HK$379.20 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.05% during the next 3 months and, with a 90% probability hold a price between HK$15.11 and HK$18.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1928.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.78%. 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. The Sands China Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$20.89. On a fall, the stock will find some support from the short-term average at HK$18.54. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Sands China Ltd. stock
Sands China Ltd. finds support from accumulated volume at HK$18.46 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 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$0.540 between high and low, or 2.89%. For the last week, the stock has had daily average volatility of 3.50%.
Sands China Ltd. is oversold on RSI14 (22). 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 (1928.HK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Sands China Ltd. to open at HK$18.85, and during the day (based on 14 day Average True Range), to move between HK$17.93 and HK$19.43, which gives a possible trading interval of +/-HK$0.752 (+/-4.02%) up or down from last closing price. If Sands China Ltd. takes out the full calculated possible swing range there will be an estimated 8.05% 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$18.46 (1.18%) than the resistance at HK$19.70 (5.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sands China Ltd. stock A Buy?
Sands China Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.467 Sell Candidate Unchanged
Predicted Opening Price for Sands China Ltd. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| HK$18.85 ( 0.89%) | HK$18.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1928.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.39 | 3.78 % | |
| R2 | 19.18 | 2.68 % | ||
| R1 | 19.05 | 2.00 % | ||
| Current price: | 18.68 | |||
| Support | S1 | 18.64 | -0.212 % | |
| S2 | 18.51 | -0.89 % | ||
| S3 | 18.31 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.35 | 19.65 % | |
| R2 | 20.70 | 10.81 % | ||
| R1 | 19.70 | 5.46 % | ||
| Current price | 18.68 | |||
| Support | S1 | 18.46 | -1.18% | |
| S2 | 18.20 | -2.57% | ||
| S3 | 18.00 | -3.64% |
1928 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 17, 2020 | Feb 03, 2020 | Feb 21, 2020 | HK$0.99 | 2.57% |
| 2 | Mar 15, 2019 | May 30, 2019 | Jun 21, 2019 | HK$1.00 | 2.68% |
| 3 | Jan 18, 2019 | Jan 31, 2019 | Feb 22, 2019 | HK$0.99 | 2.54% |
| 4 | Mar 16, 2018 | May 31, 2018 | Jun 22, 2018 | HK$1.00 | 2.28% |
| 5 | Jan 19, 2018 | Feb 01, 2018 | Feb 01, 2018 | HK$0.99 | 2.19% |
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