Swire Properties Limited Stock Forecast
Swire Properties Limited stock downgraded to Strong Sell Candidate
(Updated on Jun 20, 2024)
The Swire Properties Limited stock price fell by -2.75% on the last day (Thursday, 20th Jun 2024) from HK$13.08 to HK$12.72. During the last trading day the stock fluctuated 4.31% from a day low at HK$12.54 to a day high of HK$13.08. The price has fallen in 7 of the last 10 days and is down by -11.05% for this period. Volume has increased on the last day by 256 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately HK$74.88 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (HK$12.83) are considered to be a "second chance" to get out. According to the fan-theory HK$10.61 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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1972.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Swire Properties Limited 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$13.13 and HK$14.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -23.10%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Swire Properties Limited 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.540 between high and low, or 4.31%. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1972.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Swire Properties Limited to open at HK$12.78, and during the day (based on 14 day Average True Range), to move between HK$12.30 and HK$13.14, which gives a possible trading interval of +/-HK$0.422 (+/-3.32%) up or down from last closing price. If Swire Properties Limited takes out the full calculated possible swing range there will be an estimated 6.63% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$12.98, some HK$0.260 (2.04%) from the current price of HK$12.72, our system finds the risk reward not very attractive.
Is Swire Properties Limited stock A Buy?
Swire Properties Limited holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.027 Strong Sell Candidate Downgraded
Predicted Opening Price for Swire Properties Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$12.78 ( 0.472%) | HK$12.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1972.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.32 | 4.72% |
| R2 | 13.11 | 3.10% |
| R1 | 12.99 | 2.09% |
| Price | 12.72 | |
| S1 | 12.57 | -1.15% |
| S2 | 12.45 | -2.15% |
| S3 | 12.24 | -3.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.36 | 20.75% |
| R2 | 14.34 | 12.74% |
| R1 | 12.98 | 2.04% |
| Price | 12.72 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
1972 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 02, 2024 | Apr 02, 2024 | May 02, 2024 | HK$0.720 | 4.39% |
| 2 | Sep 06, 2023 | Sep 06, 2023 | Oct 12, 2023 | HK$0.330 | 2.04% |
| 3 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | HK$0.680 | 3.43% |
| 4 | Sep 07, 2022 | Sep 07, 2022 | Sep 07, 2022 | HK$0.320 | 1.78% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | HK$0.640 | 3.21% |
FAQ
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