VALUE GOLD ETF/UT HKD Stock Forecast
Red day on Friday for VALUE GOLD ETF/UT HKD stock after losing 0.109%
(Updated on Jun 14, 2024)
The VALUE GOLD ETF/UT HKD stock price fell by -0.109% on the last day (Friday, 14th Jun 2024) from HK$55.00 to HK$54.94. During the last trading day the stock fluctuated 0.402% from a day low at HK$54.72 to a day high of HK$54.94. The price has risen in 5 of the last 10 days but is still down by -0.94% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 thousand shares and in total, 6 thousand shares were bought and sold for approximately HK$351.62 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$54.55 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.26% during the next 3 months and, with a 90% probability hold a price between HK$57.97 and HK$62.59 at the end of this 3-month period.
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3081.HK Signals & Forecast
There are few to no technical positive signals at the moment. The VALUE GOLD ETF/UT HKD 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$55.37 and HK$55.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -5.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Wednesday, July 12, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, July 12, 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 VALUE GOLD ETF/UT HKD stock
VALUE GOLD ETF/UT HKD finds support from accumulated volume at HK$54.44 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$0.220 between high and low, or 0.402%. For the last week the stock has had daily average volatility of 0.90%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3081.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect VALUE GOLD ETF/UT HKD to open at HK$54.87, and during the day (based on 14 day Average True Range), to move between HK$54.33 and HK$55.55, which gives a possible trading interval of +/-HK$0.615 (+/-1.12%) up or down from last closing price. If VALUE GOLD ETF/UT HKD takes out the full calculated possible swing range there will be an estimated 2.24% 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$54.44 (0.91%) than the resistance at HK$55.90 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VALUE GOLD ETF/UT HKD stock A Buy?
The VALUE GOLD ETF/UT HKD stock holds several negative signals and despite the positive trend, we believe VALUE GOLD ETF/UT HKD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.046 Sell Candidate Unchanged
Predicted Opening Price for VALUE GOLD ETF/UT HKD of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$54.87 ( 0.133%) | HK$54.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3081.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.09 | 0.267% |
| R2 | 55.00 | 0.114% |
| R1 | 54.95 | 0.0195% |
| Price | 54.94 | |
| S1 | 54.78 | -0.286% |
| S2 | 54.73 | -0.381% |
| S3 | 54.65 | -0.534% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 57.26 | 4.22% |
| R2 | 56.76 | 3.31% |
| R1 | 55.90 | 1.75% |
| Price | 54.94 | |
| S1 | 54.44 | -0.91% |
| S2 | 54.06 | -1.60% |
| S3 | 51.14 | -6.92% |
FAQ
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