Ruifeng Power Group Company Limited Stock Forecast
Ruifeng Power Group Company Limited stock price down 2.70% on Thursday
(Updated on Jun 20, 2024)
The Ruifeng Power Group Company Limited stock price fell by -2.70% on the last day (Thursday, 20th Jun 2024) from HK$1.85 to HK$1.80. During the last trading day the stock fluctuated 3.93% from a day low at HK$1.78 to a day high of HK$1.85. The price has been going up and down for this period, and there has been a 4.65% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -46 thousand shares and in total, 400 thousand shares were bought and sold for approximately HK$720.00 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.60% during the next 3 months and, with a 90% probability hold a price between HK$1.53 and HK$1.82 at the end of this 3-month period.
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2025.HK Signals & Forecast
The Ruifeng Power Group Company 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$1.76 and HK$1.74. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -3.74%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Ruifeng Power Group Company Limited stock
Ruifeng Power Group Company Limited finds support from accumulated volume at HK$1.73 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$0.0700 between high and low, or 3.93%. For the last week the stock has had daily average volatility of 5.43%.
Our recommended stop-loss: HK$1.71 (-4.98%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (2025.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Ruifeng Power Group Company Limited to open at HK$1.81, and during the day (based on 14 day Average True Range), to move between HK$1.70 and HK$1.90, which gives a possible trading interval of +/-HK$0.0966 (+/-5.37%) up or down from last closing price. If Ruifeng Power Group Company Limited takes out the full calculated possible swing range there will be an estimated 10.74% 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$1.86 (3.33%) than the support at HK$1.73 (3.89%), 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 Ruifeng Power Group Company Limited stock A Buy?
Ruifeng Power Group Company 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: 0.171 Hold/Accumulate Unchanged
Predicted Opening Price for Ruifeng Power Group Company Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$1.81 ( 0.556%) | HK$1.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2025.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.88 | 4.44% |
| R2 | 1.85 | 2.96% |
| R1 | 1.84 | 2.04% |
| Price | 1.80 | |
| S1 | 1.78 | -0.93% |
| S2 | 1.77 | -1.85% |
| S3 | 1.74 | -3.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.94 | 7.78% |
| R2 | 1.90 | 5.56% |
| R1 | 1.86 | 3.33% |
| Price | 1.80 | |
| S1 | 1.73 | -3.89% |
| S2 | 1.72 | -4.44% |
| S3 | 1.68 | -6.67% |
2025 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 19, 2024 | HK$0.0150 | 0.83% |
| 2 | Oct 24, 2023 | Oct 24, 2023 | Oct 24, 2023 | HK$1.50 | 100.67% |
| 3 | Oct 20, 2023 | Oct 20, 2023 | Nov 17, 2023 | HK$0.0150 | 0.88% |
| 4 | Oct 20, 2022 | Oct 20, 2022 | Oct 20, 2022 | HK$0.0170 | 1.75% |
| 5 | Sep 23, 2021 | Sep 23, 2021 | Sep 23, 2021 | HK$0.0300 | 3.19% |
FAQ
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