Fulu Holdings Limited Stock Forecast

Red day on Friday for Fulu Holdings Limited stock after losing 1.00%
(Updated on May 17, 2024)

2101.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 6.42%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fulu Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$2.03. On a fall, the stock will find some support from the short-term average at HK$1.95. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Fulu Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Fulu Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$1.87 and HK$1.84. 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, Fulu Holdings Limited finds support just below today's level at HK$1.87. If this is broken, then the next support from accumulated volume will be at HK$1.84 and HK$1.82.

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$0.130 between high and low, or 6.95%. For the last week, the stock has had daily average volatility of 5.56%.

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 Monday 20th

For the upcoming trading day on Monday, 20th we expect Fulu Holdings Limited to open at HK$1.95, and during the day (based on 14 day Average True Range), to move between HK$1.82 and HK$2.16, which gives a possible trading interval of +/-HK$0.166 (+/-8.36%) up or down from last closing price. If Fulu Holdings Limited takes out the full calculated possible swing range there will be an estimated 16.73% 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$2.09 (5.03%) than the support at HK$1.87 (6.03%), 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 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: -2.800 Sell Candidate Unchanged

Predicted Opening Price for Fulu Holdings Limited of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.