Netjoy Holdings Limited Stock Forecast

Netjoy Holdings Limited stock price ended at HK$0.640 on Wednesday, after losing 0%.
(Updated on May 22, 2024)

2131.HK Signals & Forecast

The Netjoy Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.644. On a fall, the stock will find some support from the long-term average at approximately HK$0.586. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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". 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 Thursday, May 02, 2024, and so far it has fallen -9.86%. 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).

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

Netjoy Holdings Limited finds support from accumulated volume at HK$0.630 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$0.0300 between high and low, or 4.84%. For the last week, the stock has had daily average volatility of 7.84%.

Our recommended stop-loss: HK$0.613 (-4.24%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (2131.HK) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Netjoy Holdings Limited to open at HK$0.637, and during the day (based on 14 day Average True Range), to move between HK$0.593 and HK$0.687, which gives a possible trading interval of +/-HK$0.0469 (+/-7.33%) up or down from last closing price. If Netjoy Holdings Limited takes out the full calculated possible swing range there will be an estimated 14.65% 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$0.650 (1.56%) than the support at HK$0.630 (1.56%), 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 Netjoy Holdings 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 Netjoy Holdings Limited stock to perform well in the short-term.

Current score: 1.109 Buy Candidate Unchanged

Predicted Opening Price for Netjoy Holdings Limited of Thursday, May 23, 2024

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