Genertec Universal Medical Group Co Ltd Stock Forecast
Genertec Universal Medical Group Co Ltd stock price ended at HK$5.01 on Friday, after losing 0.199%.
(Updated on May 17, 2024)
The Genertec Universal Medical Group Co Ltd stock price fell by -0.199% on the last day (Friday, 17th May 2024) from HK$5.02 to HK$5.01. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.41% from a day low at HK$4.97 to a day high of HK$5.09. The price has been going up and down for this period, and there has been a 3.3% gain for the last 2 weeks. Volume has increased on the last day by 239 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, 6 million shares were bought and sold for approximately HK$30.10 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.66% during the next 3 months and, with a 90% probability hold a price between HK$5.53 and HK$6.20 at the end of this 3-month period.
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2666.HK Signals & Forecast
The Genertec Universal Medical Group Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$5.00 and HK$4.68. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, May 13, 2024, and so far it has fallen -2.53%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Genertec Universal Medical Group Co Ltd stock
Genertec Universal Medical Group Co Ltd finds support from accumulated volume at HK$4.77 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.120 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: HK$4.83 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (2666.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Genertec Universal Medical Group Company Limited to open at HK$5.02, and during the day (based on 14 day Average True Range), to move between HK$4.88 and HK$5.14, which gives a possible trading interval of +/-HK$0.130 (+/-2.59%) up or down from last closing price. If Genertec Universal Medical Group Company Limited takes out the full calculated possible swing range there will be an estimated 5.19% 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$5.06 (1.00%) than the support at HK$4.77 (4.79%), 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 Genertec Universal Medical Group Company Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Genertec Universal Medical Group Co Ltd stock to perform well in the short-term.
Current score: 4.126 Buy Candidate Unchanged
Predicted Opening Price for Genertec Universal Medical Group Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$5.02 ( 0.266%) | HK$5.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2666.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.14 | 2.66 % | |
| R2 | 5.10 | 1.75 % | ||
| R1 | 5.07 | 1.18 % | ||
| Current price: | 5.01 | |||
| Support | S1 | 4.98 | -0.649 % | |
| S2 | 4.95 | -1.21 % | ||
| S3 | 4.90 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.14 | 2.59 % | |
| R2 | 5.09 | 1.60 % | ||
| R1 | 5.06 | 1.00 % | ||
| Current price | 5.01 | |||
| Support | S1 | 4.77 | -4.79% | |
| S2 | 4.68 | -6.59% | ||
| S3 | 4.50 | -10.18% |
2666 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | HK$0.340 | 7.56% |
| 2 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | HK$0.360 | 7.55% |
| 3 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | HK$0.310 | 4.34% |
| 4 | Mar 24, 2020 | Jun 11, 2020 | Jun 29, 2020 | HK$0.290 | 6.26% |
| 5 | Mar 27, 2019 | Jun 10, 2019 | Jun 25, 2019 | HK$0.270 | 4.35% |
FAQ
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