HC Group Inc. Stock Forecast

Volatile ride for HC Group Inc. stock price on Wednesday moving between HK$0.181 and HK$0.215
(Updated on Apr 24, 2024)

2280.HK Signals & Forecast

There are mixed signals in the stock today. The HC Group Inc. 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$0.231. On a fall, the stock will find some support from the short-term average at HK$0.205. 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). HC Group Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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, April 16, 2024, and so far it has risen 10.75%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for HC Group Inc. stock

HC Group Inc. finds support from accumulated volume at HK$0.205 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$0.0340 between high and low, or 18.78%. For the last week, the stock has had daily average volatility of 8.17%.

Our recommended stop-loss: HK$0.200 (-3.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (2280.HK) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect HC Group Inc. to open at HK$0.201, and during the day (based on 14 day Average True Range), to move between HK$0.183 and HK$0.229, which gives a possible trading interval of +/-HK$0.0226 (+/-10.98%) up or down from last closing price. If HC Group Inc. takes out the full calculated possible swing range there will be an estimated 21.96% 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$0.207 (0.49%) than the support at HK$0.205 (0.49%), 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 HC Group Inc. stock A Buy?

HC Group Inc. 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: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for HC Group Inc. of Thursday, April 25, 2024

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