Platt Nera International Limited Stock Forecast

Platt Nera International Limited stock price ended at HK$0.450 on Friday, after gaining 2.27%.
(Updated on Jun 28, 2024)

1949.HK Signals & Forecast

The Platt Nera International Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.457. On a fall, the stock will find some support from the long-term average at approximately HK$0.399. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Platt Nera International Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -15.09%. 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).

Support, Risk & Stop-loss for Platt Nera International Limited stock

Platt Nera International Limited finds support from accumulated volume at HK$0.430 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0250 between high and low, or 5.62%. For the last week, the stock has had daily average volatility of 9.39%.

Our recommended stop-loss: HK$0.425 (-5.63%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (1949.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Platt Nera International Limited to open at HK$0.455, and during the day (based on 14 day Average True Range), to move between HK$0.400 and HK$0.500, which gives a possible trading interval of +/-HK$0.0504 (+/-11.20%) 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 22.41% 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$0.460 (2.22%) than the support at HK$0.430 (4.44%), 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: 2.355 Buy Candidate Unchanged

Predicted Opening Price for Platt Nera International Limited of Tuesday, July 2, 2024

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