Platt Nera International Limited Stock Forecast

Platt Nera International Limited stock price down 1.92% on Thursday
(Updated on Jun 20, 2024)

1949.HK Signals & Forecast

The Platt Nera International Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.475 and HK$0.370. A breakdown below any of these levels will issue sell signals. 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, June 17, 2024, and so far it has fallen -3.77%. 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 Platt Nera International Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.430 and HK$0.395. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Platt Nera International Limited finds support just below today's level at HK$0.430. If this is broken, then the next support from accumulated volume will be at HK$0.395 and HK$0.390.

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$0.0350 between high and low, or 7.07%. For the last week the stock has had daily average volatility of 13.82%.

Our recommended stop-loss: HK$0.486 (-4.71%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (1949.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Platt Nera International Limited to open at HK$0.512, and during the day (based on 14 day Average True Range), to move between HK$0.458 and HK$0.562, which gives a possible trading interval of +/-HK$0.0517 (+/-10.13%) up or down from last closing price. If Platt Nera International Limited takes out the full calculated possible swing range there will be an estimated 20.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.520 (1.96%) than the support at HK$0.430 (15.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Platt Nera International Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Platt Nera International Limited stock to perform well in the short-term.

Current score: 2.822 Buy Candidate Unchanged

Predicted Opening Price for Platt Nera International Limited of Friday, June 21, 2024

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