Yuanda China Holdings Limited Stock Forecast

Yuanda China Holdings Limited stock price down 0% on Monday
(Updated on Jun 17, 2024)

2789.HK Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yuanda China Holdings Limited 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$0.0390 and HK$0.0411. 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 -19.57%. 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).

Support, Risk & Stop-loss for Yuanda China Holdings Limited 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.05%.

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

Trading Expectations (2789.HK) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Yuanda China Holdings Limited to open at HK$0.0370, and during the day (based on 14 day Average True Range), to move between HK$0.0349 and HK$0.0391, which gives a possible trading interval of +/-HK$0.0021 (+/-5.68%) up or down from last closing price. If Yuanda China Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.35% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.0380, some HK$0.0010 (2.70%) from the current price of HK$0.0370, our system finds the risk reward not very attractive.

Is Yuanda China Holdings Limited stock A Buy?

Yuanda China Holdings Limited 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: -3.606 Sell Candidate Unchanged

Predicted Opening Price for Yuanda China Holdings Limited of Tuesday, June 18, 2024

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