Peiport Holdings Ltd. Stock Forecast

Green day on Friday for Peiport Holdings Ltd.
(Updated on May 10, 2024)

2885.HK Signals & Forecast

The Peiport Holdings Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.398 and HK$0.415. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 12.00%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, June 01, 2023 in the long-term chart.

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.

Support, Risk & Stop-loss for Peiport Holdings Ltd. stock

Peiport Holdings Ltd. finds support from accumulated volume at HK$0.400 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0100 between high and low, or 2.38%. For the last week the stock has had daily average volatility of 2.84%.

Our recommended stop-loss: HK$0.406 (-3.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (2885.HK) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Peiport Holdings Ltd. to open at HK$0.423, and during the day (based on 14 day Average True Range), to move between HK$0.403 and HK$0.437, which gives a possible trading interval of +/-HK$0.0175 (+/-4.16%) up or down from last closing price. If Peiport Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 8.31% 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$0.400 (4.76%) than the resistance at HK$0.465 (10.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Peiport Holdings Ltd. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.489 Buy Candidate Unchanged

Predicted Opening Price for Peiport Holdings Ltd. of Monday, May 13, 2024

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