ABFHK BD IDX FD/UT HKD Stock Forecast
Weaker technical forecast for ABFHK BD IDX FD/UT HKD as stock downgraded to Hold/Accumulate.
(Updated on Jun 20, 2024)
No changes to the price of ABFHK BD IDX FD/UT HKD 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$96.60 to a day high of HK$96.60. The price has been going up and down for this period, and there has been a 0.62% gain for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ABFHK BD IDX FD/UT HKD stock with a 90% probability to be traded between HK$96.98 and HK$98.64 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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2819.HK Signals & Forecast
The ABFHK BD IDX FD/UT HKD 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$96.54 and HK$96.04. 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 Wednesday, June 12, 2024, and so far it has fallen -0.361%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Tuesday, May 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 29, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, May 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 29, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, May 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 29, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should fall by -2.13% to HK$94.54 within 18 trading days since signal was issued (Tuesday, July 09, 2024).
Support, Risk & Stop-loss for ABFHK BD IDX FD/UT HKD stock
ABFHK BD IDX FD/UT HKD finds support from accumulated volume at HK$95.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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: HK$92.83 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (2819.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect ABFHK BD IDX FD/UT HKD to open at HK$96.60, and during the day (based on 14 day Average True Range), to move between HK$96.34 and HK$96.86, which gives a possible trading interval of +/-HK$0.256 (+/-0.26%) up or down from last closing price. If ABFHK BD IDX FD/UT HKD takes out the full calculated possible swing range there will be an estimated 0.53% 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$96.80 (0.21%) than the support at HK$95.80 (0.83%), 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 ABFHK BD IDX FD/UT HKD stock A Buy?
ABFHK BD IDX FD/UT HKD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ABFHK BD IDX FD/UT HKD of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$96.60 ( 0.00000000%) | HK$96.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2819.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 96.60 | 0.00000000% |
| R2 | 96.60 | 0.00000000% |
| R1 | 96.60 | 0.00000000% |
| Price | 96.60 | |
| S1 | 96.60 | 0.00000000% |
| S2 | 96.60 | 0.00000000% |
| S3 | 96.60 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 96.95 | 0.362% |
| R1 | 96.80 | 0.207% |
| Price | 96.60 | |
| S1 | 95.80 | -0.83% |
| S2 | 95.25 | -1.40% |
| S3 | 95.20 | -1.45% |
2819 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Jan 30, 2024 | Feb 08, 2024 | HK$1.08 | 1.12% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | HK$0.360 | 0.382% |
| 3 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | HK$0.0500 | 0.0525% |
| 4 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | HK$0.0100 | 0.0107% |
| 5 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | HK$0.510 | 0.512% |
FAQ
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