Haichang Ocean Park Holdings Ltd. Stock Forecast
Haichang Ocean Park Holdings Ltd. stock price down 2.53% on Friday
(Updated on May 10, 2024)
The Haichang Ocean Park Holdings Ltd. stock price fell by -2.53% on the last day (Friday, 10th May 2024) from HK$0.790 to HK$0.770. During the last trading day the stock fluctuated 3.95% from a day low at HK$0.760 to a day high of HK$0.790. The price has fallen in 5 of the last 10 days but is still up by 2.67% over the past 2 weeks. Volume has increased on the last day by 10 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 21 million shares were bought and sold for approximately HK$16.13 million.
The stock lies in the middle of a 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 6.15% during the next 3 months and, with a 90% probability hold a price between HK$0.756 and HK$0.93 at the end of this 3-month period.
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2255.HK Signals & Forecast
The Haichang Ocean Park Holdings Ltd. 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$0.81. On a fall, the stock will find some support from the long-term average at approximately HK$0.754. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 -11.49%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Haichang Ocean Park Holdings Ltd. stock
Haichang Ocean Park Holdings Ltd. finds support from accumulated volume at HK$0.740 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 3.95%. For the last week, the stock has had daily average volatility of 4.64%.
Our recommended stop-loss: HK$0.733 (-4.78%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (2255.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Haichang Ocean Park Holdings Ltd. to open at HK$0.773, and during the day (based on 14 day Average True Range), to move between HK$0.731 and HK$0.81, which gives a possible trading interval of +/-HK$0.0388 (+/-5.04%) up or down from last closing price. If Haichang Ocean Park Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 10.07% 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$0.780 (1.30%) than the support at HK$0.740 (3.90%), 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 Haichang Ocean Park Holdings Ltd. stock A Buy?
Haichang Ocean Park 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.
Current score: -0.888 Hold/Accumulate Unchanged
Predicted Opening Price for Haichang Ocean Park Holdings Ltd. of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
HK$0.773 ( 0.433%) | HK$0.770 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2255.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.80 | 4.33 % | |
R2 | 0.792 | 2.84 % | ||
R1 | 0.785 | 1.92 % | ||
Current price: | 0.770 | |||
Support | S1 | 0.762 | -1.06 % | |
S2 | 0.755 | -1.97 % | ||
S3 | 0.743 | -3.46 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.80 | 3.90 % | |
R2 | 0.790 | 2.60 % | ||
R1 | 0.780 | 1.30 % | ||
Current price | 0.770 | |||
Support | S1 | 0.740 | -3.90% | |
S2 | 0.710 | -7.79% | ||
S3 | 0.690 | -10.39% |
FAQ
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