Kato Hong Kong Holdings Ltd Stock Forecast

Kato Hong Kong Holdings Ltd stock upgraded to Hold/Accumulate.
(Updated on May 10, 2024)

2189.HK Signals & Forecast

There are mixed signals in the stock today. The Kato Hong Kong Holdings Ltd 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$0.534 and HK$0.549. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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 Monday, April 22, 2024, and so far it has fallen 0%. 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 Kato Hong Kong Holdings Ltd stock

Kato Hong Kong Holdings Ltd finds support from accumulated volume at HK$0.520 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.377%.

Our recommended stop-loss: HK$0.498 (-6.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (2189.HK) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Kato Hong Kong Holdings Ltd to open at HK$0.530, and during the day (based on 14 day Average True Range), to move between HK$0.521 and HK$0.539, which gives a possible trading interval of +/-HK$0.0091 (+/-1.72%) up or down from last closing price. If Kato Hong Kong Holdings Ltd takes out the full calculated possible swing range there will be an estimated 3.44% 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$0.520 (1.89%) than the resistance at HK$0.550 (3.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kato Hong Kong Holdings Ltd stock A Buy?

Kato Hong Kong Holdings Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.820 Hold/Accumulate Upgraded

Predicted Opening Price for Kato Hong Kong Holdings Ltd of Monday, May 13, 2024

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