Hong Kong Johnson Holdings Co Ltd Stock Forecast

Hong Kong Johnson Holdings Co Ltd stock price ended at HK$0.415 on Tuesday, after gaining 1.22%.
(Updated on May 21, 2024)

1955.HK Signals & Forecast

There are mixed signals in the stock today. The Hong Kong Johnson Holdings Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.446. On a fall, the stock will find some support from the short-term average at HK$0.409. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 6.41%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Hong Kong Johnson Holdings Co Ltd stock

Hong Kong Johnson Holdings Co Ltd finds support from accumulated volume at HK$0.410 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.79%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1955.HK) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Hong Kong Johnson Holdings Co Ltd to open at HK$0.415, and during the day (based on 14 day Average True Range), to move between HK$0.401 and HK$0.429, which gives a possible trading interval of +/-HK$0.0136 (+/-3.28%) up or down from last closing price. If Hong Kong Johnson Holdings Co Ltd takes out the full calculated possible swing range there will be an estimated 6.56% 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$0.410 (1.20%) than the resistance at HK$0.425 (2.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hong Kong Johnson Holdings Co Ltd stock A Buy?

Hong Kong Johnson Holdings Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.548 Sell Candidate Unchanged

Predicted Opening Price for Hong Kong Johnson Holdings Co Ltd of Wednesday, May 22, 2024

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