Shinelong Automotive Lightweight App Ltd Stock Forecast
Shinelong Automotive Lightweight App Ltd stock price took a fall of -8.08% on Friday
(Updated on Apr 19, 2024)
The Shinelong Automotive Lightweight App Ltd stock price fell by -8.08% on the last day (Friday, 19th Apr 2024) from HK$0.260 to HK$0.239. During the last trading day the stock fluctuated 0% from a day low at HK$0.239 to a day high of HK$0.239. The price has fallen in 6 of the last 10 days and is down by -18.98% 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 -1 million shares and in total, 8 thousand shares were bought and sold for approximately HK$1.91 thousand.
The stock lies in the middle of a very 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 -16.63% during the next 3 months and, with a 90% probability hold a price between HK$0.180 and HK$0.261 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1930.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.13%. 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 Shinelong Automotive Lightweight App 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$0.251 and HK$0.295. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Shinelong Automotive Lightweight App Ltd stock
Shinelong Automotive Lightweight App Ltd finds support from accumulated volume at HK$0.231 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 periodic low trading volume this stock is considered to be "high risk". 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 16.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1930.HK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Shinelong Automotive Lightweight App Ltd to open at HK$0.239, and during the day (based on 14 day Average True Range), to move between HK$0.213 and HK$0.265, which gives a possible trading interval of +/-HK$0.0257 (+/-10.73%) up or down from last closing price. If Shinelong Automotive Lightweight App Ltd takes out the full calculated possible swing range there will be an estimated 21.47% 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$0.231 (3.35%) than the resistance at HK$0.280 (17.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shinelong Automotive Lightweight App Ltd stock A Buy?
Shinelong Automotive Lightweight App Ltd holds several negative signals and is within a very 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: -4.141 Sell Candidate Unchanged
Predicted Opening Price for Shinelong Automotive Lightweight App Ltd of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| HK$0.239 ( 0%) | HK$0.239 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1930.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.239 | . | |
| R2 | 0.239 | . | ||
| R1 | 0.239 | . | ||
| Current price: | 0.239 | |||
| Support | S1 | 0.239 | . | |
| S2 | 0.239 | . | ||
| S3 | 0.239 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.295 | 23.43 % | |
| R2 | 0.285 | 19.25 % | ||
| R1 | 0.280 | 17.15 % | ||
| Current price | 0.239 | |||
| Support | S1 | 0.231 | -3.35% | |
| S2 | 0.219 | -8.37% | ||
| S3 | 0 | . |
1930 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2024 | Jun 17, 2024 | Jul 26, 2024 | HK$0.0024 | 1.01% |
| 2 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | HK$0.0024 | 0.742% |
| 3 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | HK$0.0029 | 0.794% |
| 4 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | HK$0.0037 | 0.93% |
| 5 | Mar 26, 2020 | Jun 02, 2020 | Jul 17, 2020 | HK$0.0056 | 0.97% |
FAQ
Click here for our free guide on how to buy Shinelong Automotive Lightweight App Ltd Stock.
