Hithink Flush Information Network Co Ltd Stock Forecast
Hithink Flush Information Network Co Ltd stock price ended at ¥111.04 on Thursday, after losing 1.59%.
(Updated on Apr 25, 2024)
The Hithink Flush Information Network Co Ltd stock price fell by -1.59% on the last day (Thursday, 25th Apr 2024) from ¥112.83 to ¥111.04. During the last trading day the stock fluctuated 2.00% from a day low at ¥110.78 to a day high of ¥113.00. The price has been going up and down for this period, and there has been a -5.56% loss for the last 2 weeks. Volume has increased on the last day by 39 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 ¥714.19 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥103.47 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.80% during the next 3 months and, with a 90% probability hold a price between ¥99.54 and ¥138.20 at the end of this 3-month period.
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300033.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.307%. 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 Hithink Flush Information Network Co Ltd 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 ¥112.46 and ¥128.70. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hithink Flush Information Network Co Ltd stock
Hithink Flush Information Network Co Ltd finds support from accumulated volume at ¥110.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥2.22 between high and low, or 2.00%. For the last week, the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300033.SZ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Hithink Flush Information Network Co Ltd to open at ¥111.61, and during the day (based on 14 day Average True Range), to move between ¥104.24 and ¥117.84, which gives a possible trading interval of +/-¥6.80 (+/-6.13%) up or down from last closing price. If Hithink Flush Information Network Co Ltd takes out the full calculated possible swing range there will be an estimated 12.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥110.70 (0.31%) than the resistance at ¥112.91 (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hithink Flush Information Network Co Ltd stock A Buy?
Hithink Flush Information Network Co Ltd 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: -2.668 Sell Candidate Unchanged
Predicted Opening Price for Hithink Flush Information Network Co Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ¥111.61 ( 0.510%) | ¥111.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300033.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.83 | 2.51 % | |
| R2 | 112.98 | 1.75 % | ||
| R1 | 112.45 | 1.27 % | ||
| Current price: | 111.04 | |||
| Support | S1 | 110.76 | -0.253 % | |
| S2 | 110.23 | -0.725 % | ||
| S3 | 109.39 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.45 | 21.98 % | |
| R2 | 132.41 | 19.25 % | ||
| R1 | 112.91 | 1.68 % | ||
| Current price | 111.04 | |||
| Support | S1 | 110.70 | -0.306% | |
| S2 | 108.55 | -2.24% | ||
| S3 | 0 | . |
300033 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2024 | Mar 29, 2024 | Mar 29, 2024 | ¥2.20 | 1.68% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | ¥2.50 | 1.43% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | ¥1.80 | 1.86% |
| 4 | Mar 31, 2021 | Mar 31, 2021 | Mar 31, 2021 | ¥1.20 | 1.01% |
| 5 | Apr 02, 2020 | Apr 02, 2020 | Apr 02, 2020 | ¥0.85 | 0.752% |
FAQ
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