United Strength Power Holdings Limited Stock Forecast
United Strength Power Holdings Limited stock price ended at HK$4.15 on Friday, after losing 0%.
(Updated on May 10, 2024)
No changes to the price of United Strength Power Holdings Limited stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 1.96% from a day low at HK$4.08 to a day high of HK$4.16. The price has risen in 5 of the last 10 days but is still down by -3.49% for this period.
The stock lies in the middle of a 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 -13.09% during the next 3 months and, with a 90% probability hold a price between HK$3.50 and HK$3.75 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.
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2337.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 1.97%. 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 United Strength Power Holdings Limited 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$4.24. On a fall, the stock will find some support from the short-term average at HK$4.13. 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).
Support, Risk & Stop-loss for United Strength Power Holdings Limited stock
United Strength Power Holdings Limited finds support from accumulated volume at HK$4.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0800 (1.96%) between high and low. For the last week, the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2337.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect United Strength Power Holdings Limited to open at HK$4.13, and during the day (based on 14 day Average True Range), to move between HK$4.02 and HK$4.28, which gives a possible trading interval of +/-HK$0.127 (+/-3.06%) up or down from last closing price. If United Strength Power Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.12% 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$4.09 (1.45%) than the resistance at HK$4.26 (2.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is United Strength Power Holdings Limited stock A Buy?
United Strength Power Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.176 Sell Candidate Unchanged
Predicted Opening Price for United Strength Power Holdings Limited of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
HK$4.13 ( 0.482%) | HK$4.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2337.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.21 | 1.45 % | |
R2 | 4.18 | 0.709 % | ||
R1 | 4.16 | 0.254 % | ||
Current price: | 4.15 | |||
Support | S1 | 4.10 | -1.22 % | |
S2 | 4.08 | -1.67 % | ||
S3 | 4.05 | -2.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.31 | 3.86 % | |
R2 | 4.30 | 3.61 % | ||
R1 | 4.26 | 2.65 % | ||
Current price | 4.15 | |||
Support | S1 | 4.09 | -1.45% | |
S2 | 4.08 | -1.69% | ||
S3 | 4.07 | -1.93% |
2337 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | HK$0.0267 | 0.271% |
2 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | HK$0.0534 | 0.372% |
3 | Mar 25, 2020 | Jun 29, 2020 | Jul 27, 2020 | HK$0.0853 | 1.44% |
4 | Mar 11, 2019 | Jun 12, 2019 | Jul 05, 2019 | HK$0.0852 | 1.70% |
5 | Mar 26, 2018 | Jun 13, 2018 | Jul 05, 2018 | HK$0.0500 | 1.27% |
FAQ
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