IVD Medical Holding Ltd Stock Forecast

Volatile ride for IVD Medical Holding Ltd stock price on Tuesday moving between HK$1.61 and HK$1.85
(Updated on May 07, 2024)

1931.HK Signals & Forecast

There are few to no technical positive signals at the moment. The IVD Medical Holding 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$2.05 and HK$2.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -30.40%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for IVD Medical Holding 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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.240 between high and low, or 14.91%. For the last week the stock has had daily average volatility of 11.88%.

IVD Medical Holding Ltd is oversold on RSI14 (21). 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 (1931.HK) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect IVD Medical Holding Ltd to open at HK$1.73, and during the day (based on 14 day Average True Range), to move between HK$1.57 and HK$1.91, which gives a possible trading interval of +/-HK$0.170 (+/-9.77%) up or down from last closing price. If IVD Medical Holding Ltd takes out the full calculated possible swing range there will be an estimated 19.54% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$1.86, some HK$0.120 (6.90%) from the current price of HK$1.74, our system finds the risk reward not very attractive.

Is IVD Medical Holding Ltd stock A Buy?

The IVD Medical Holding Ltd stock holds several negative signals and despite the positive trend, we believe IVD Medical Holding Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.994 Sell Candidate Unchanged

Predicted Opening Price for IVD Medical Holding Ltd of Wednesday, May 8, 2024

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