EAT is up +49.38%% since April’24 pick View All Top Buy Picks
RSI low/high Values: [ 30 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 2306.HK
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Friday for Yh Entertainment Group stock after gaining 1.69%
(Updated on Jun 28, 2024)

Sell candidate since Jun 24, 2024 Loss -4.76% PDF

The Yh Entertainment Group stock price gained 1.69% on the last trading day (Friday, 28th Jun 2024), rising from HK$0.590 to HK$0.600. During the last trading day the stock fluctuated 5.08% from a day low at HK$0.590 to a day high of HK$0.620. The price has fallen in 6 of the last 10 days and is down by -9.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 192 thousand shares were bought and sold for approximately HK$115.20 thousand.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.588 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.83% during the next 3 months and, with a 90% probability hold a price between HK$0.542 and HK$0.617 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

2306.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.69%. Further rise is indicated until a new top pivot has been found. Yh Entertainment Group 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. The Yh Entertainment Group 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$0.623 and HK$0.660. 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 Yh Entertainment Group stock

Yh Entertainment Group finds support from accumulated volume at HK$0.590 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$0.0300 between high and low, or 5.08%. For the last week, the stock has had daily average volatility of 5.64%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (2306.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Yh Entertainment Group to open at HK$0.603, and during the day (based on 14 day Average True Range), to move between HK$0.552 and HK$0.648, which gives a possible trading interval of +/-HK$0.0485 (+/-8.08%) up or down from last closing price. If Yh Entertainment Group takes out the full calculated possible swing range there will be an estimated 16.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at HK$0.590 (1.67%) than the resistance at HK$0.640 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Yh Entertainment Group stock A Buy?

Yh Entertainment Group 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: -1.712 Sell Candidate Unchanged

Predicted Opening Price for Yh Entertainment Group of Tuesday, July 2, 2024

Fair opening price July 2, 2024 Current price
HK$0.603 ( 0.556%) HK$0.600

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

Trading levels for 2306.HK

Fibonacci Support & Resistance Levels

Level Price
R3 0.633 5.56%
R2 0.622 3.65%
R1 0.615 2.47%
Price 0.600
S1 0.592 -1.35%
S2 0.585 -2.53%
S3 0.573 -4.44%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.710 18.33%
R2 0.690 15.00%
R1 0.640 6.67%
Price 0.600
S1 0.590 -1.67%
S2 0 -
S3 0 -

FAQ

What is the symbol for Yh Entertainment Group Stock and on which exchange is it traded?
The symbol for Yh Entertainment Group is 2306.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Yh Entertainment Group Stock?
Yh Entertainment Group 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.

How to buy Yh Entertainment Group Stock?
Yh Entertainment Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Yh Entertainment Group Stock.

What's the current price of Yh Entertainment Group Stock?
As of the end of day on the Jun 28, 2024, the price of an Yh Entertainment Group (2306.HK) share was HK$0.600.

What is the 52-week high and low for Yh Entertainment Group Stock?
The 52-week high for Yh Entertainment Group Stock is HK$0.87 and the 52-week low is HK$0.590.

What is the market capitalization of Yh Entertainment Group Stock?
As of the Jun 28, 2024, the market capitalization of Yh Entertainment Group is 506.254M.
Click to get the best stock tips daily for free!