AAC Technologies Holdings Inc. Stock Forecast
Green day on Monday for AAC Technologies Holdings Inc.
(Updated on May 06, 2024)
The AAC Technologies Holdings Inc. stock price gained 0.791% on the last trading day (Monday, 6th May 2024), rising from HK$25.30 to HK$25.50. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.57% from a day low at HK$25.25 to a day high of HK$25.90. The price has risen in 8 of the last 10 days and is up by 7.37% over the past 2 weeks. Volume fell on the last day by -637 thousand shares and in total, 4 million shares were bought and sold for approximately HK$108.21 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 part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$24.83 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 42.63% during the next 3 months and, with a 90% probability hold a price between HK$35.41 and HK$41.66 at the end of this 3-month period.
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2018.HK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.59%. 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). The AAC Technologies Holdings Inc. 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$25.11 and HK$24.60. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for AAC Technologies Holdings Inc. stock
AAC Technologies Holdings Inc. finds support from accumulated volume at HK$25.25 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$0.650 between high and low, or 2.57%. For the last week, the stock has had daily average volatility of 4.72%.
Our recommended stop-loss: HK$24.59 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (2018.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect AAC Technologies Holdings Inc. to open at HK$25.55, and during the day (based on 14 day Average True Range), to move between HK$24.36 and HK$26.64, which gives a possible trading interval of +/-HK$1.14 (+/-4.47%) up or down from last closing price. If AAC Technologies Holdings Inc. takes out the full calculated possible swing range there will be an estimated 8.93% 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$25.65 (0.59%) than the support at HK$25.25 (0.98%), 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 AAC Technologies Holdings Inc. 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 AAC Technologies Holdings Inc. stock to perform well in the short-term.
Current score: 4.361 Buy Candidate Unchanged
Predicted Opening Price for AAC Technologies Holdings Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$25.55 ( 0.196%) | HK$25.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2018.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.20 | 2.75 % | |
| R2 | 25.95 | 1.77 % | ||
| R1 | 25.80 | 1.17 % | ||
| Current price: | 25.50 | |||
| Support | S1 | 25.30 | -0.778 % | |
| S2 | 25.15 | -1.38 % | ||
| S3 | 24.90 | -2.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.45 | 3.73 % | |
| R2 | 26.25 | 2.94 % | ||
| R1 | 25.65 | 0.588 % | ||
| Current price | 25.50 | |||
| Support | S1 | 25.25 | -0.98% | |
| S2 | 25.00 | -1.96% | ||
| S3 | 22.10 | -13.33% |
2018 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2023 | May 29, 2023 | May 29, 2023 | HK$0.120 | 0.737% |
| 2 | Sep 08, 2021 | Sep 08, 2021 | Sep 08, 2021 | HK$0.200 | 0.473% |
| 3 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | HK$0.200 | 0.423% |
| 4 | Sep 09, 2020 | Sep 09, 2020 | Sep 09, 2020 | HK$0.100 | 0.211% |
| 5 | Aug 23, 2019 | Sep 11, 2019 | Sep 27, 2019 | HK$0.400 | 0.96% |
FAQ
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