51 Credit Card Inc. Stock Forecast
Red day on Wednesday for 51 Credit Card Inc. stock after losing 0%
(Updated on May 08, 2024)
No changes to the price of 51 Credit Card Inc. stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 4.76% from a day low at HK$0.126 to a day high of HK$0.132. The price has risen in 6 of the last 10 days and is up by 10.92% over the past 2 weeks.
The stock lies in the upper part of a 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$0.133 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 75.80% during the next 3 months and, with a 90% probability hold a price between HK$0.206 and HK$0.234 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2051.HK Signals & Forecast
The 51 Credit Card 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$0.125 and HK$0.118. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Tuesday, May 07, 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 51 Credit Card Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.120 and HK$0.119. 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, 51 Credit Card Inc. finds support just below today's level at HK$0.120. If this is broken, then the next support from accumulated volume will be at HK$0.119 and HK$0.115.
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$0.0060 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 4.97%.
Our recommended stop-loss: HK$0.127 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (2051.HK) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect 51 Credit Card Inc. to open at HK$0.130, and during the day (based on 14 day Average True Range), to move between HK$0.125 and HK$0.139, which gives a possible trading interval of +/-HK$0.0074 (+/-5.60%) up or down from last closing price. If 51 Credit Card Inc. takes out the full calculated possible swing range there will be an estimated 11.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.120, some HK$0.0120 (9.09%) from the current price of HK$0.132, our system finds the risk reward attractive.
Is 51 Credit Card 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 51 Credit Card Inc. stock to perform well in the short-term.
Current score: 3.116 Buy Candidate Unchanged
Predicted Opening Price for 51 Credit Card Inc. of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
HK$0.130 ( 1.52%) | HK$0.132 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2051.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.136 | 3.03 % | |
R2 | 0.134 | 1.29 % | ||
R1 | 0.132 | 0.221 % | ||
Current price: | 0.132 | |||
Support | S1 | 0.128 | -3.25 % | |
S2 | 0.126 | -4.32 % | ||
S3 | 0.124 | -6.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.132 | |||
Support | S1 | 0.120 | -9.09% | |
S2 | 0.119 | -9.85% | ||
S3 | 0.115 | -12.88% |
FAQ
Click here for our free guide on how to buy 51 Credit Card Inc. Stock.