Sands China Ltd. Stock Forecast
Sands China Ltd. stock upgraded to Hold/Accumulate.
(Updated on May 16, 2024)
The Sands China Ltd. stock price gained 1.96% on the last trading day (Thursday, 16th May 2024), rising from HK$20.45 to HK$20.85. During the last trading day the stock fluctuated 2.70% from a day low at HK$20.35 to a day high of HK$20.90. The price has risen in 6 of the last 10 days and is up by 11.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 358 thousand more shares were traded than the day before. In total, 24 million shares were bought and sold for approximately HK$490.48 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$20.77, a level that may pose a second chance to hit a runner. According to fan-theory HK$24.61 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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1928.HK Signals & Forecast
The Sands China Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$20.30 and HK$20.52. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, May 13, 2024, and so far it has fallen -0.239%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sands China Ltd. stock
Sands China Ltd. finds support from accumulated volume at HK$20.70 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$0.550 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: HK$20.09 (-3.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (1928.HK) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Sands China Ltd. to open at HK$20.70, and during the day (based on 14 day Average True Range), to move between HK$20.13 and HK$21.57, which gives a possible trading interval of +/-HK$0.723 (+/-3.47%) up or down from last closing price. If Sands China Ltd. takes out the full calculated possible swing range there will be an estimated 6.93% 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$20.70 (0.72%) than the resistance at HK$21.90 (5.04%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.914 Hold/Accumulate Upgraded
Predicted Opening Price for Sands China Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| HK$20.70 ( 0.719%) | HK$20.85 |
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 | 21.25 | 1.92 % | |
| R2 | 21.04 | 0.91 % | ||
| R1 | 20.91 | 0.288 % | ||
| Current price: | 20.85 | |||
| Support | S1 | 20.49 | -1.73 % | |
| S2 | 20.36 | -2.35 % | ||
| S3 | 20.15 | -3.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.35 | 7.19 % | |
| R2 | 22.05 | 5.76 % | ||
| R1 | 21.90 | 5.04 % | ||
| Current price | 20.85 | |||
| Support | S1 | 20.70 | -0.719% | |
| S2 | 19.70 | -5.52% | ||
| S3 | 19.14 | -8.20% |
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% |
FAQ
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