Regina Miracle International (Holdings) Stock Forecast
Regina Miracle International (Holdings) stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Regina Miracle International (Holdings) stock price gained 2.69% on the last trading day (Friday, 3rd May 2024), rising from HK$2.23 to HK$2.29. During the last trading day the stock fluctuated 4.09% from a day low at HK$2.20 to a day high of HK$2.29. The price has fallen in 4 of the last 10 days but is still up by 1.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 448 thousand more shares were traded than the day before. In total, 570 thousand shares were bought and sold for approximately HK$1.31 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$2.33 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 16.06% during the next 3 months and, with a 90% probability hold a price between HK$2.33 and HK$2.71 at the end of this 3-month period.
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2199.HK Signals & Forecast
The Regina Miracle International (Holdings) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$2.27 and HK$2.11. A breakdown below any of these levels will issue sell signals. Regina Miracle International (Holdings) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, April 24, 2024, and so far it has fallen -0.435%. 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 Regina Miracle International (Holdings) stock
Regina Miracle International (Holdings) finds support from accumulated volume at HK$2.25 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0900 between high and low, or 4.09%. For the last week, the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: HK$2.20 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (2199.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Regina Miracle International (Holdings) Limited to open at HK$2.26, and during the day (based on 14 day Average True Range), to move between HK$2.25 and HK$2.33, which gives a possible trading interval of +/-HK$0.0433 (+/-1.89%) up or down from last closing price. If Regina Miracle International (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 3.78% 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$2.30 (0.44%) than the support at HK$2.25 (1.75%), 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 Regina Miracle International (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 Regina Miracle International (Holdings) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.280 Buy Candidate Upgraded
Predicted Opening Price for Regina Miracle International (Holdings) Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$2.26 ( 1.31%) | HK$2.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2199.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.35 | 2.62 % | |
| R2 | 2.32 | 1.12 % | ||
| R1 | 2.29 | 0.191 % | ||
| Current price: | 2.29 | |||
| Support | S1 | 2.23 | -2.81 % | |
| S2 | 2.20 | -3.74 % | ||
| S3 | 2.17 | -5.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2.30 | 0.437 % | ||
| Current price | 2.29 | |||
| Support | S1 | 2.25 | -1.75% | |
| S2 | 1.99 | -13.10% | ||
| S3 | 1.87 | -18.34% |
2199 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 11, 2023 | Dec 11, 2023 | Dec 11, 2023 | HK$0 | 0% |
| 2 | Dec 12, 2022 | Dec 12, 2022 | Dec 12, 2022 | HK$0.0850 | 2.41% |
| 3 | Sep 20, 2022 | Sep 20, 2022 | Sep 20, 2022 | HK$0.0720 | 1.55% |
| 4 | Dec 10, 2021 | Dec 10, 2021 | Dec 10, 2021 | HK$0.0680 | 1.09% |
| 5 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | HK$0.0150 | 0.536% |
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