VCREDIT Holdings Limited Stock Forecast
VCREDIT Holdings Limited stock price ended at HK$2.30 on Tuesday, after losing 0%.
(Updated on May 21, 2024)
No changes to the price of VCREDIT Holdings Limited stock on the last trading day (Tuesday, 21st May 2024). During the last trading day the stock fluctuated 0% from a day low at HK$2.30 to a day high of HK$2.30. The price has been going up and down for this period, and there has been a -1.71% loss for the last 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect VCREDIT Holdings Limited stock with a 90% probability to be traded between HK$2.13 and HK$2.41 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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2003.HK Signals & Forecast
The VCREDIT Holdings 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$2.30 and HK$2.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 0.88%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for VCREDIT Holdings Limited stock
VCREDIT Holdings Limited finds support from accumulated volume at HK$2.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0.0870%
Our recommended stop-loss: HK$2.17 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (2003.HK) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect VCREDIT Holdings Limited to open at HK$2.30, and during the day (based on 14 day Average True Range), to move between HK$2.26 and HK$2.34, which gives a possible trading interval of +/-HK$0.0365 (+/-1.59%) up or down from last closing price. If VCREDIT Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.17% 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$2.32 (0.87%) than the support at HK$2.21 (3.91%), 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 VCREDIT Holdings Limited stock A Buy?
VCREDIT Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for VCREDIT Holdings Limited of Wednesday, May 22, 2024
Fair opening price May 22, 2024 | Current price |
---|---|
HK$2.30 ( 0%) | HK$2.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2003.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.30 | . | |
R2 | 2.30 | . | ||
R1 | 2.30 | . | ||
Current price: | 2.30 | |||
Support | S1 | 2.30 | . | |
S2 | 2.30 | . | ||
S3 | 2.30 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.42 | 5.22 % | |
R2 | 2.38 | 3.48 % | ||
R1 | 2.32 | 0.87 % | ||
Current price | 2.30 | |||
Support | S1 | 2.21 | -3.91% | |
S2 | 2.20 | -4.35% | ||
S3 | 2.19 | -4.78% |
2003 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 19, 2024 | Jun 19, 2024 | Jul 10, 2024 | HK$0.100 | 4.35% |
2 | Jun 21, 2023 | Jun 21, 2023 | Jul 12, 2023 | HK$0.100 | 3.47% |
3 | Oct 17, 2022 | Oct 17, 2022 | Oct 17, 2022 | HK$0.100 | 3.37% |
4 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | HK$0.150 | 4.84% |
5 | Oct 18, 2021 | Oct 18, 2021 | Oct 18, 2021 | HK$0.200 | 4.52% |
FAQ
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