Netjoy Holdings Limited Stock Forecast
Netjoy Holdings Limited stock price ended at HK$0.570 on Thursday, after losing 3.39%.
(Updated on Jun 20, 2024)
The Netjoy Holdings Limited stock price fell by -3.39% on the last day (Thursday, 20th Jun 2024) from HK$0.590 to HK$0.570. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 8.93% from a day low at HK$0.560 to a day high of HK$0.610. The price has fallen in 6 of the last 10 days and is down by -6.56% 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 -107 thousand shares and in total, 161 thousand shares were bought and sold for approximately HK$91.77 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.529 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.90% during the next 3 months and, with a 90% probability hold a price between HK$0.582 and HK$0.82 at the end of this 3-month period.
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2131.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Netjoy 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$0.604 and HK$0.633. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -19.72%. 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 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.
Support, Risk & Stop-loss for Netjoy Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.540 and HK$0.520. 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, Netjoy Holdings Limited finds support just below today's level at HK$0.540. If this is broken, then the next support from accumulated volume will be at HK$0.520 and HK$0.485.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0500 between high and low, or 8.93%. For the last week the stock has had daily average volatility of 4.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2131.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Netjoy Holdings Limited to open at HK$0.580, and during the day (based on 14 day Average True Range), to move between HK$0.535 and HK$0.605, which gives a possible trading interval of +/-HK$0.0346 (+/-6.07%) up or down from last closing price. If Netjoy Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.15% 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$0.540 (5.26%) than the resistance at HK$0.640 (12.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Netjoy Holdings Limited stock A Buy?
The Netjoy Holdings Limited stock holds several negative signals and despite the positive trend, we believe Netjoy Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.288 Sell Candidate Unchanged
Predicted Opening Price for Netjoy Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.580 ( 1.75%) | HK$0.570 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2131.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.630 | 10.53% |
| R2 | 0.611 | 7.18% |
| R1 | 0.599 | 5.11% |
| Price | 0.570 | |
| S1 | 0.561 | -1.60% |
| S2 | 0.549 | -3.67% |
| S3 | 0.530 | -7.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.710 | 24.56% |
| R2 | 0.680 | 19.30% |
| R1 | 0.640 | 12.28% |
| Price | 0.570 | |
| S1 | 0.540 | -5.26% |
| S2 | 0.520 | -8.77% |
| S3 | 0.485 | -14.91% |
2131 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 23, 2022 | Jun 23, 2022 | Jun 23, 2022 | HK$0.0500 | 2.59% |
FAQ
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