Zengame Technology Holding Limited Stock Forecast
Red day on Wednesday for Zengame Technology Holding Limited
(Updated on Jun 19, 2024)
The Zengame Technology Holding Limited stock price fell by -1.64% on the last day (Wednesday, 19th Jun 2024) from HK$3.04 to HK$2.99. During the last trading day the stock fluctuated 4.41% from a day low at HK$2.95 to a day high of HK$3.08. The price has fallen in 6 of the last 10 days and is down by -16.48% for this period. Volume has increased on the last day by 432 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately HK$3.89 million.
The stock lies in the lower of a very 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$2.87 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.55% during the next 3 months and, with a 90% probability hold a price between HK$2.60 and HK$3.89 at the end of this 3-month period.
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2660.HK Signals & Forecast
There are mixed signals in the stock today. The Zengame Technology Holding 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$3.44. On a fall, the stock will find some support from the short-term average at HK$2.98. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 3.10%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Zengame Technology Holding Limited stock
Zengame Technology Holding Limited finds support from accumulated volume at HK$2.98 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$0.130 between high and low, or 4.41%. For the last week, the stock has had daily average volatility of 4.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2660.HK) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Zengame Technology Holding Limited to open at HK$3.01, and during the day (based on 14 day Average True Range), to move between HK$2.83 and HK$3.15, which gives a possible trading interval of +/-HK$0.162 (+/-5.43%) up or down from last closing price. If Zengame Technology Holding Limited takes out the full calculated possible swing range there will be an estimated 10.87% 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$2.98 (0.33%) than the resistance at HK$3.42 (14.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zengame Technology Holding Limited stock A Buy?
Zengame Technology Holding 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: -4.240 Sell Candidate Unchanged
Predicted Opening Price for Zengame Technology Holding Limited of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| HK$3.01 ( 0.557%) | HK$2.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2660.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.14 | 4.91% |
| R2 | 3.09 | 3.24% |
| R1 | 3.06 | 2.22% |
| Price | 2.99 | |
| S1 | 2.96 | -1.10% |
| S2 | 2.93 | -2.13% |
| S3 | 2.88 | -3.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.58 | 19.73% |
| R2 | 3.47 | 16.05% |
| R1 | 3.42 | 14.38% |
| Price | 2.99 | |
| S1 | 2.98 | -0.334% |
| S2 | 2.95 | -1.34% |
| S3 | 2.90 | -3.01% |
2660 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jul 04, 2024 | HK$0.230 | 7.69% |
| 2 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | HK$0.210 | 6.56% |
| 3 | Nov 21, 2022 | Nov 21, 2022 | Nov 21, 2022 | HK$0.150 | 8.93% |
| 4 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | HK$0.150 | 9.80% |
| 5 | May 20, 2021 | May 20, 2021 | May 20, 2021 | HK$0.0600 | 4.76% |
FAQ
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