Autohome Inc. Stock Forecast
Red day on Friday for Autohome Inc.
(Updated on Jun 28, 2024)
The Autohome Inc. stock price fell by -2.12% on the last day (Friday, 28th Jun 2024) from HK$54.35 to HK$53.20. During the last trading day the stock fluctuated 1.62% from a day low at HK$52.60 to a day high of HK$53.45. The price has fallen in 6 of the last 10 days and is down by -2.39% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 2 thousand shares were bought and sold for approximately HK$95.76 thousand.
The stock lies in the middle of a wide and 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 -2.04% during the next 3 months and, with a 90% probability hold a price between HK$47.38 and HK$53.87 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.
2518.HK Signals & Forecast
The Autohome Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$51.96 and HK$52.83. 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 Thursday, June 27, 2024, and so far it has fallen -2.12%. 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 Autohome Inc. stock
Autohome Inc. finds support from accumulated volume at HK$52.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.85 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: HK$50.63 (-4.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (2518.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Autohome Inc. to open at HK$53.08, and during the day (based on 14 day Average True Range), to move between HK$51.28 and HK$55.12, which gives a possible trading interval of +/-HK$1.92 (+/-3.61%) up or down from last closing price. If Autohome Inc. takes out the full calculated possible swing range there will be an estimated 7.21% 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$54.35 (2.16%) than the support at HK$52.00 (2.26%), 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 Autohome Inc. stock A Buy?
Autohome 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.
Current score: 0.115 Hold/Accumulate Unchanged
Predicted Opening Price for Autohome Inc. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$53.08 ( 0.219%) | HK$53.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2518.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.93 | 1.38% |
| R2 | 53.61 | 0.768% |
| R1 | 53.41 | 0.391% |
| Price | 53.20 | |
| S1 | 52.76 | -0.83% |
| S2 | 52.56 | -1.21% |
| S3 | 52.23 | -1.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.85 | 4.98% |
| R2 | 54.50 | 2.44% |
| R1 | 54.35 | 2.16% |
| Price | 53.20 | |
| S1 | 52.00 | -2.26% |
| S2 | 50.85 | -4.42% |
| S3 | 48.65 | -8.55% |
2518 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 09, 2024 | Jul 09, 2024 | Aug 16, 2024 | HK$1.11 | 2.09% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 27, 2024 | HK$0.318 | 0.629% |
| 3 | Mar 20, 2023 | Mar 20, 2023 | Mar 31, 2023 | HK$0.166 | 0.255% |
| 4 | Mar 18, 2022 | Mar 18, 2022 | Mar 31, 2022 | HK$0.163 | 0.265% |
FAQ
Click here for our free guide on how to buy Autohome Inc. Stock.
