TK Group (Holdings) Limited Stock Forecast
TK Group (Holdings) Limited stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
No changes to the price of TK Group (Holdings) Limited stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 0.671% from a day low at HK$1.49 to a day high of HK$1.50. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
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$1.50 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.72% during the next 3 months and, with a 90% probability hold a price between HK$1.51 and HK$1.66 at the end of this 3-month period.
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2283.HK Signals & Forecast
The TK Group (Holdings) Limited 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$1.49 and HK$1.43. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 23, 2024, and so far it has fallen 0%. 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). 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".
Support, Risk & Stop-loss for TK Group (Holdings) Limited stock
TK Group (Holdings) Limited finds support from accumulated volume at HK$1.49 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 very controlled movements and therefore the general risk is considered very 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$0.0100 between high and low, or 0.671%. For the last week the stock has had daily average volatility of 1.93%
Our recommended stop-loss: HK$1.44 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (2283.HK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect TK Group (Holdings) Limited to open at HK$1.50, and during the day (based on 14 day Average True Range), to move between HK$1.47 and HK$1.53, which gives a possible trading interval of +/-HK$0.0295 (+/-1.97%) up or down from last closing price. If TK Group (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$1.49, some HK$0.0100 (0.67%) from the current price of HK$1.50, our system finds the risk reward attractive.
Is TK Group (Holdings) Limited stock A Buy?
TK Group (Holdings) Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.100 Hold/Accumulate Downgraded
Predicted Opening Price for TK Group (Holdings) Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| HK$1.50 ( 0.222%) | HK$1.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2283.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.51 | 0.444 % | |
| R2 | 1.50 | 0.190 % | ||
| R1 | 1.50 | 0.0324 % | ||
| Current price: | 1.50 | |||
| Support | S1 | 1.49 | -0.477 % | |
| S2 | 1.49 | -0.634 % | ||
| S3 | 1.49 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.50 | |||
| Support | S1 | 1.49 | -0.667% | |
| S2 | 1.48 | -1.33% | ||
| S3 | 1.41 | -6.00% |
2283 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 20, 2024 | HK$0.175 | 11.67% |
| 2 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | HK$0.0860 | 5.62% |
| 3 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | HK$0.0280 | 1.57% |
| 4 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | HK$0.0860 | 3.93% |
| 5 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | HK$0.0540 | 1.59% |
FAQ
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