HC SemiTek Corp Stock Forecast

Stronger technical forecast for HC SemiTek Corp stock price after Thursday trading.
(Updated on May 09, 2024)

300323.SZ Signals & Forecast

The HC SemiTek Corp 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 ¥4.86 and ¥4.83. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, May 07, 2024, and so far it has fallen -0.81%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for HC SemiTek Corp stock

HC SemiTek Corp finds support from accumulated volume at ¥4.87 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.140 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 3.96%.

The HC SemiTek Corp stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: ¥4.72 (-3.27%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (300323.SZ) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect HC SemiTek Corp to open at ¥4.87, and during the day (based on 14 day Average True Range), to move between ¥4.62 and ¥5.14, which gives a possible trading interval of +/-¥0.265 (+/-5.43%) up or down from last closing price. If HC SemiTek Corp takes out the full calculated possible swing range there will be an estimated 10.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥4.87 (0.20%) than the resistance at ¥4.91 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HC SemiTek Corp stock A Buy?

HC SemiTek Corp 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.462 Hold/Accumulate Upgraded

Predicted Opening Price for HC SemiTek Corp of Friday, May 10, 2024

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