FIH Mobile Limited Stock Forecast
FIH Mobile Limited stock price ended at HK$0.84 on Friday, after losing 2.33%.
(Updated on May 03, 2024)
The FIH Mobile Limited stock price fell by -2.33% on the last day (Friday, 3rd May 2024) from HK$0.86 to HK$0.84. During the last trading day the stock fluctuated 7.41% from a day low at HK$0.81 to a day high of HK$0.87. The price has risen in 5 of the last 10 days and is up by 21.74% over the past 2 weeks. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately HK$4.70 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$0.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 63.44% during the next 3 months and, with a 90% probability hold a price between HK$0.98 and HK$1.46 at the end of this 3-month period.
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2038.HK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -4.55%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The FIH Mobile 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$0.83 and HK$0.633. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for FIH Mobile Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.770 and HK$0.740. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, FIH Mobile Limited finds support just below today's level at HK$0.770. If this is broken, then the next support from accumulated volume will be at HK$0.740 and HK$0.690.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0600 between high and low, or 7.41%. For the last week, the stock has had daily average volatility of 7.46%.
Our recommended stop-loss: HK$0.80 (-4.66%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (2038.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect FIH Mobile Limited to open at HK$0.84, and during the day (based on 14 day Average True Range), to move between HK$0.781 and HK$0.90, which gives a possible trading interval of +/-HK$0.0591 (+/-7.04%) up or down from last closing price. If FIH Mobile Limited takes out the full calculated possible swing range there will be an estimated 14.08% 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$0.85 (1.19%) than the support at HK$0.770 (8.33%), 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 FIH Mobile 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 FIH Mobile Limited stock to perform well in the short-term.
Current score: 2.668 Buy Candidate Unchanged
Predicted Opening Price for FIH Mobile Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$0.84 ( 0%) | HK$0.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2038.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.90 | 7.14 % | |
| R2 | 0.88 | 4.41 % | ||
| R1 | 0.86 | 2.73 % | ||
| Current price: | 0.84 | |||
| Support | S1 | 0.82 | -2.73 % | |
| S2 | 0.80 | -4.41 % | ||
| S3 | 0.780 | -7.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.88 | 4.76 % | |
| R2 | 0.86 | 2.38 % | ||
| R1 | 0.85 | 1.19 % | ||
| Current price | 0.84 | |||
| Support | S1 | 0.770 | -8.33% | |
| S2 | 0.740 | -11.90% | ||
| S3 | 0.690 | -17.86% |
2038 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 09, 2017 | May 29, 2017 | Jun 16, 2017 | HK$0.0975 | 4.18% |
| 2 | Mar 15, 2016 | May 31, 2016 | Jun 17, 2016 | HK$0.148 | 5.97% |
| 3 | Mar 19, 2015 | Jun 02, 2015 | Jun 18, 2015 | HK$0.149 | 3.36% |
FAQ
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