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AI Analysis of 2131.HK
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Green day on Friday for Netjoy Holdings Limited stock after gaining 1.64%
(Updated on Jun 14, 2024)

Sell candidate since Jun 13, 2024 Gain 1.64% PDF

The Netjoy Holdings Limited stock price gained 1.64% on the last trading day (Friday, 14th Jun 2024), rising from HK$0.610 to HK$0.620. During the last trading day the stock fluctuated 6.78% from a day low at HK$0.590 to a day high of HK$0.630. The price has fallen in 6 of the last 10 days and is down by -3.13% for this period. Volume fell on the last day by -44 thousand shares and in total, 19 thousand shares were bought and sold for approximately HK$11.78 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.10% during the next 3 months and, with a 90% probability hold a price between HK$0.569 and HK$0.81 at the end of this 3-month period.

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2131.HK Signals & Forecast

There are mixed signals in the stock today. The Netjoy 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$0.627. On a fall, the stock will find some support from the short-term average at HK$0.616. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 Tuesday, June 04, 2024, and so far it has risen 5.08%. Further rise is indicated until a new top pivot has been found.

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

Netjoy Holdings Limited finds support from accumulated volume at HK$0.610 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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$0.0400 between high and low, or 6.78%. For the last week the stock has had daily average volatility of 5.05%.

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 Monday 17th

For the upcoming trading day on Monday, 17th we expect Netjoy Holdings Limited to open at HK$0.613, and during the day (based on 14 day Average True Range), to move between HK$0.583 and HK$0.657, which gives a possible trading interval of +/-HK$0.0367 (+/-5.92%) up or down from last closing price. If Netjoy Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.85% 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$0.610 (1.61%) than the resistance at HK$0.640 (3.23%), 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?

Netjoy 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: -3.037 Sell Candidate Unchanged

Predicted Opening Price for Netjoy Holdings Limited of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
HK$0.613 ( 1.08%) HK$0.620

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 0.653 5.38%
R2 0.638 2.91%
R1 0.629 1.39%
Price 0.620
S1 0.598 -3.54%
S2 0.589 -5.06%
S3 0.573 -7.53%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.710 14.52%
R2 0.680 9.68%
R1 0.640 3.23%
Price 0.620
S1 0.610 -1.61%
S2 0.600 -3.23%
S3 0.570 -8.06%

2131 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 23, 2022 Jun 23, 2022 Jun 23, 2022 HK$0.0500 2.59%

FAQ

What is the symbol for Netjoy Holdings Limited Stock and on which exchange is it traded?
The symbol for Netjoy Holdings Limited is 2131.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Netjoy Holdings Limited Stock?
Netjoy 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.

How to buy Netjoy Holdings Limited Stock?
Netjoy Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Netjoy Holdings Limited Stock.

What's the current price of Netjoy Holdings Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Netjoy Holdings Limited (2131.HK) share was HK$0.620.

What is the 52-week high and low for Netjoy Holdings Limited Stock?
The 52-week high for Netjoy Holdings Limited Stock is HK$0.87 and the 52-week low is HK$0.410.

What is the market capitalization of Netjoy Holdings Limited Stock?
As of the Jun 14, 2024, the market capitalization of Netjoy Holdings Limited is 474.208M.

When is the next earnings date for Netjoy Holdings Limited?
The upcoming earnings date for Netjoy Holdings Limited is Jun 24, 2024.
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About Netjoy Holdings Limited

Netjoy Holdings Limited Netjoy Holdings Limited, an investment holding company, principally engages in the provision of online advertising services in the People's Republic of China. The company operates in three segments: Online Marketing Solutions Business, Software as a Service (SaaS), and Other Business. The company provides short video marketing solutions and online content services. It principally engages in operating its Huabian Platform, a pan entertainment-orie... 2131.HK Profile

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