IVD Medical Holding Ltd Stock Forecast
IVD Medical Holding Ltd stock price up 3.80% on Tuesday
(Updated on Jul 02, 2024)
The IVD Medical Holding Ltd stock price gained 3.80% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$0.790 to HK$0.82. During the last trading day the stock fluctuated 3.80% from a day low at HK$0.790 to a day high of HK$0.82. The price has fallen in 5 of the last 10 days and is down by -8.89% for this period. Volume fell on the last day by -903 thousand shares and in total, 243 thousand shares were bought and sold for approximately HK$199.26 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -66.93% during the next 3 months and, with a 90% probability hold a price between HK$0.195 and HK$0.303 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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1931.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 3.80%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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$0.83 and HK$1.16. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for IVD Medical Holding Ltd stock
IVD Medical Holding Ltd finds support from accumulated volume at HK$0.790 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0300 between high and low, or 3.80%. For the last week the stock has had daily average volatility of 8.54%.
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 3rd
For the upcoming trading day on Wednesday, 3rd we expect IVD Medical Holding Ltd to open at HK$0.81, and during the day (based on 14 day Average True Range), to move between HK$0.717 and HK$0.92, which gives a possible trading interval of +/-HK$0.103 (+/-12.57%) 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 25.13% 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$0.790 (3.66%) than the resistance at HK$0.87 (6.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IVD Medical Holding Ltd stock A Buy?
IVD Medical Holding 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: -4.179 Sell Candidate Unchanged
Predicted Opening Price for IVD Medical Holding Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$0.81 ( 1.22%) | HK$0.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1931.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.84 | 2.44% |
| R2 | 0.83 | 1.04% |
| R1 | 0.82 | 0.178% |
| Price | 0.82 | |
| S1 | 0.799 | -2.62% |
| S2 | 0.791 | -3.48% |
| S3 | 0.780 | -4.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.01 | 23.17% |
| R2 | 0.90 | 9.76% |
| R1 | 0.87 | 6.10% |
| Price | 0.82 | |
| S1 | 0.790 | -3.66% |
| S2 | 0 | - |
| S3 | 0 | - |
1931 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Jul 25, 2024 | HK$0.0621 | 7.57% |
| 2 | May 20, 2024 | May 20, 2024 | May 29, 2024 | HK$0.0621 | 4.63% |
| 3 | Sep 04, 2023 | Sep 04, 2023 | Sep 04, 2023 | HK$0.0297 | 2.40% |
| 4 | Aug 24, 2023 | Aug 24, 2023 | Jun 06, 2023 | HK$0.0297 | 2.02% |
| 5 | Sep 01, 2022 | Sep 01, 2022 | Sep 01, 2022 | HK$0.0273 | 1.16% |
FAQ
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