Fulu Holdings Limited Stock Forecast
Fulu Holdings Limited stock price down 4.21% on Tuesday
(Updated on Jul 02, 2024)
The Fulu Holdings Limited stock price fell by -4.21% on the last day (Tuesday, 2nd Jul 2024) from HK$1.90 to HK$1.82. During the last trading day the stock fluctuated 5.11% from a day low at HK$1.76 to a day high of HK$1.85. The price has fallen in 6 of the last 10 days and is down by -4.21% for this period. 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 -38 thousand shares and in total, 21 thousand shares were bought and sold for approximately HK$37.31 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$1.75 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.88% during the next 3 months and, with a 90% probability hold a price between HK$1.61 and HK$2.07 at the end of this 3-month period.
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2101.HK Signals & Forecast
There are mixed signals in the stock today. The Fulu Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$1.83 and HK$1.90. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 3.41%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Fulu Holdings Limited stock
Fulu Holdings Limited finds support from accumulated volume at HK$1.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved HK$0.0900 between high and low, or 5.11%. For the last week the stock has had daily average volatility of 4.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2101.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Fulu Holdings Limited to open at HK$1.81, and during the day (based on 14 day Average True Range), to move between HK$1.74 and HK$1.90, which gives a possible trading interval of +/-HK$0.0833 (+/-4.57%) up or down from last closing price. If Fulu Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$1.81 (0.55%) than the resistance at HK$1.87 (2.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fulu Holdings Limited stock A Buy?
Fulu Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.725 Sell Candidate Unchanged
Predicted Opening Price for Fulu Holdings Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$1.81 ( 0.549%) | HK$1.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2101.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.90 | 4.40% |
| R2 | 1.87 | 2.51% |
| R1 | 1.84 | 1.34% |
| Price | 1.82 | |
| S1 | 1.78 | -2.44% |
| S2 | 1.75 | -3.61% |
| S3 | 1.72 | -5.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.99 | 9.34% |
| R2 | 1.94 | 6.59% |
| R1 | 1.87 | 2.75% |
| Price | 1.82 | |
| S1 | 1.81 | -0.549% |
| S2 | 1.80 | -1.10% |
| S3 | 1.76 | -3.30% |
2101 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | HK$0.116 | 2.44% |
| 2 | May 23, 2022 | May 23, 2022 | May 23, 2022 | HK$0.176 | 3.09% |
| 3 | May 14, 2021 | May 14, 2021 | May 14, 2021 | HK$0.320 | 3.75% |
FAQ
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