Swire Properties Limited Stock Forecast
Swire Properties Limited stock price ended at HK$12.44 on Friday, after gaining 0.485%.
(Updated on Jun 28, 2024)
The Swire Properties Limited stock price gained 0.485% on the last trading day (Friday, 28th Jun 2024), rising from HK$12.38 to HK$12.44. During the last trading day the stock fluctuated 2.59% from a day low at HK$12.34 to a day high of HK$12.66. The price has been going up and down for this period, and there has been a -5.61% loss for the last 2 weeks. Volume fell on the last day by -369 thousand shares and in total, 6 million shares were bought and sold for approximately HK$79.18 million. 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 lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$12.32 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.56% during the next 3 months and, with a 90% probability hold a price between HK$10.04 and HK$11.75 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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1972.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.485%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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$12.48 and HK$14.01. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Swire Properties Limited stock
Swire Properties Limited finds support from accumulated volume at HK$12.42 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.320 between high and low, or 2.59%. For the last week, the stock has had daily average volatility of 2.61%.
Swire Properties Limited is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Swire Properties Limited to open at HK$12.48, and during the day (based on 14 day Average True Range), to move between HK$12.05 and HK$12.83, which gives a possible trading interval of +/-HK$0.387 (+/-3.11%) up or down from last closing price. If Swire Properties Limited takes out the full calculated possible swing range there will be an estimated 6.23% 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$12.42 (0.16%) than the resistance at HK$12.98 (4.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: -1.449 Sell Candidate Unchanged
Predicted Opening Price for Swire Properties Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$12.48 ( 0.322%) | HK$12.44 |
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 | 12.80 | 2.89% |
| R2 | 12.68 | 1.91% |
| R1 | 12.60 | 1.30% |
| Price | 12.44 | |
| S1 | 12.36 | -0.661% |
| S2 | 12.28 | -1.27% |
| S3 | 12.16 | -2.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.36 | 23.47% |
| R2 | 14.34 | 15.27% |
| R1 | 12.98 | 4.34% |
| Price | 12.44 | |
| S1 | 12.42 | -0.161% |
| S2 | 12.40 | -0.322% |
| S3 | 12.38 | -0.482% |
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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