Yestar Healthcare Holdings Co Ltd Stock Forecast

High volatility in Yestar Healthcare Holdings Co Ltd stock price on Tuesday which ended trading at HK$0.0410
(Updated on Jul 02, 2024)

2393.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Yestar Healthcare Holdings Co 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$0.0434 and HK$0.0465. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -24.07%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Yestar Healthcare Holdings Co 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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0060 between high and low, or 14.63%. For the last week the stock has had daily average volatility of 9.47%.

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

Trading Expectations (2393.HK) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Yestar Healthcare Holdings Company Limited to open at HK$0.0430, and during the day (based on 14 day Average True Range), to move between HK$0.0377 and HK$0.0443, which gives a possible trading interval of +/-HK$0.0033 (+/-8.02%) up or down from last closing price. If Yestar Healthcare Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 16.04% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.0420, some HK$0.0010 (2.44%) from the current price of HK$0.0410, our system finds the risk reward not very attractive.

Is Yestar Healthcare Holdings Company Limited stock A Buy?

Yestar Healthcare Holdings Co Ltd holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.

Current score: -5.122 Strong Sell Candidate Downgraded

Predicted Opening Price for Yestar Healthcare Holdings Company Limited of Wednesday, July 3, 2024

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