Sirnaomics Ltd. Stock Forecast
Big movements in Sirnaomics Ltd. stock price on Friday moving 13.30% between high and low
(Updated on Jun 28, 2024)
No changes to the price of Sirnaomics Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 13.30% from a day low at HK$4.21 to a day high of HK$4.77. The price has fallen in 7 of the last 10 days and is down by -29.72% for this period.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -44.42% during the next 3 months and, with a 90% probability hold a price between HK$2.29 and HK$2.56 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2257.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sirnaomics 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$4.69 and HK$6.13. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sirnaomics Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.560 between high and low, or 13.30%. For the last week, the stock has had daily average volatility of 12.26%.
Sirnaomics Ltd. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2257.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Sirnaomics Ltd. to open at HK$4.42, and during the day (based on 14 day Average True Range), to move between HK$3.80 and HK$4.76, which gives a possible trading interval of +/-HK$0.478 (+/-11.16%) up or down from last closing price. If Sirnaomics Ltd. takes out the full calculated possible swing range there will be an estimated 22.32% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$4.50, some HK$0.220 (5.14%) from the current price of HK$4.28, our system finds the risk reward not very attractive.
Is Sirnaomics Ltd. stock A Buy?
Sirnaomics Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.796 Sell Candidate Unchanged
Predicted Opening Price for Sirnaomics Ltd. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$4.42 ( 3.27%) | HK$4.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2257.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.98 | 16.36% |
| R2 | 4.77 | 11.36% |
| R1 | 4.63 | 8.27% |
| Price | 4.28 | |
| S1 | 4.21 | -1.73% |
| S2 | 4.07 | -4.81% |
| S3 | 3.86 | -9.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.73 | 10.51% |
| R2 | 4.52 | 5.61% |
| R1 | 4.50 | 5.14% |
| Price | 4.28 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Sirnaomics Ltd. Stock.
