Yuanda China Holdings Limited Stock Forecast
Red day on Thursday for Yuanda China Holdings Limited
(Updated on Jun 20, 2024)
No changes to the price of Yuanda China Holdings Limited stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0370 to a day high of HK$0.0370. The price has been going up and down for this period, and there has been a -7.5% loss for the last 2 weeks.
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 -22.38% during the next 3 months and, with a 90% probability hold a price between HK$0.0219 and HK$0.0325 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.
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2789.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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$0.0379 and HK$0.0406. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0%
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 Friday 21st
For the upcoming trading day on Friday, 21st 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$0.0353 and HK$0.0387, which gives a possible trading interval of +/-HK$0.0017 (+/-4.55%) 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 9.10% 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: -1.874 Sell Candidate Unchanged
Predicted Opening Price for Yuanda China Holdings Limited of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
HK$0.0370 ( 0%) | HK$0.0370 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2789.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0370 | - |
R2 | 0.0370 | - |
R1 | 0.0370 | - |
Price | 0.0370 | |
S1 | 0.0370 | - |
S2 | 0.0370 | - |
S3 | 0.0370 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0460 | 24.32% |
R2 | 0.0400 | 8.11% |
R1 | 0.0380 | 2.70% |
Price | 0.0370 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
2789 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 31, 2015 | Jun 04, 2015 | Jun 23, 2015 | HK$0.100 | 14.71% |
2 | Mar 30, 2014 | May 30, 2014 | Jun 13, 2014 | HK$0.0800 | 11.11% |
3 | Mar 27, 2013 | May 31, 2013 | Jun 18, 2013 | HK$0.0400 | 5.56% |
4 | Mar 22, 2012 | May 30, 2012 | Jun 29, 2012 | HK$0.0400 | 4.71% |
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