Time Watch Investments Limited Stock Forecast
Strong day for Time Watch Investments Limited stock price on Tuesday rising 6.82% to HK$0.470
(Updated on Jul 02, 2024)
The Time Watch Investments Limited stock price gained 6.82% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$0.440 to HK$0.470. During the last trading day the stock fluctuated 2.17% from a day low at HK$0.460 to a day high of HK$0.470. The price has been going up and down for this period, and there has been a 2.17% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 98 thousand more shares were traded than the day before. In total, 110 thousand shares were bought and sold for approximately HK$51.70 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 34.65% during the next 3 months and, with a 90% probability hold a price between HK$0.553 and HK$0.660 at the end of this 3-month period.
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2033.HK Signals & Forecast
The Time Watch Investments 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$0.452 and HK$0.423. 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). Time Watch Investments Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Friday, June 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Time Watch Investments Limited stock
Time Watch Investments Limited finds support from accumulated volume at HK$0.460 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0100 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: HK$0.453 (-3.64%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (2033.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Time Watch Investments Limited to open at HK$0.467, and during the day (based on 14 day Average True Range), to move between HK$0.455 and HK$0.485, which gives a possible trading interval of +/-HK$0.0152 (+/-3.23%) up or down from last closing price. If Time Watch Investments Limited takes out the full calculated possible swing range there will be an estimated 6.45% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.460, some HK$0.0100 (2.13%) from the current price of HK$0.470, our system finds the risk reward attractive.
Is Time Watch Investments Limited 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 Time Watch Investments Limited stock to perform well in the short-term.
Current score: 1.780 Buy Candidate Unchanged
Predicted Opening Price for Time Watch Investments Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$0.467 ( 0.709%) | HK$0.470 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2033.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.477 | 1.42% |
| R2 | 0.473 | 0.606% |
| R1 | 0.470 | 0.104% |
| Price | 0.470 | |
| S1 | 0.463 | -1.52% |
| S2 | 0.460 | -2.02% |
| S3 | 0.457 | -2.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.470 | |
| S1 | 0.460 | -2.13% |
| S2 | 0.440 | -6.38% |
| S3 | 0.430 | -8.51% |
2033 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | HK$0.0320 | 6.53% |
| 2 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | HK$0.0430 | 11.03% |
| 3 | Sep 25, 2019 | Nov 26, 2019 | Dec 09, 2019 | HK$0.0430 | 4.53% |
| 4 | Feb 26, 2019 | Mar 22, 2019 | Apr 04, 2019 | HK$0.0200 | 1.79% |
| 5 | Sep 27, 2018 | Nov 26, 2018 | Dec 07, 2018 | HK$0.0375 | 3.38% |
FAQ
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