Shanghai Refire Group Stock Forecast

Sell candidate since Jul 27, 2026 Loss -10.74%

The Shanghai Refire Group Ltd stock price gained 0.88% on the last trading day (Tuesday, 11th Aug 2026), rising from HK$18.12 to HK$18.28. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.44% from a day low at HK$17.82 to a day high of HK$18.79. The price has risen in 6 of the last 10 days but is still down by -6.02% for this period. Volume fell on the last day by -46 thousand shares and in total, 402 thousand shares were bought and sold for approximately HK$7.36 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very 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 -52.56% during the next 3 months and, with a 90% probability hold a price between HK$6.81 and HK$9.23 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.

2570.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, July 30, 2026, and so far it has risen 2.81%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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 Shanghai Refire Group 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$18.33 and HK$20.45. 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 Shanghai Refire Group Ltd stock

Shanghai Refire Group Ltd finds support from accumulated volume at HK$18.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.97 between high and low, or 5.44%. For the last week, the stock has had daily average volatility of 5.69%.

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

Trading Expectations (2570.HK) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Shanghai Refire Group Ltd to open at HK$18.30, and during the day (based on 14 day Average True Range), to move between HK$17.63 and HK$18.93, which gives a possible trading interval of +/-HK$1.29 (+/-7.34%) up or down from last closing price. If Shanghai Refire Group Ltd takes out the full calculated possible swing range there will be an estimated 7.34% 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$18.12 (0.88%) than the resistance at HK$21.46 (17.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shanghai Refire Group Ltd stock A Buy?

Shanghai Refire Group 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.

Current score: -2.778 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on August 12, 2026 - HK$18.30 ( 0.0912%).

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