ArtGo Holdings Limited Stock Forecast

ArtGo Holdings Limited stock upgraded to Sell Candidate.
(Updated on Jun 20, 2024)

3313.HK Signals & Forecast

There are mixed signals in the stock today. The ArtGo Holdings Limited 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$0.286 and HK$0.332. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has fallen 0%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for ArtGo Holdings Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 HK$0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.07%.

ArtGo Holdings Limited is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (3313.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect ArtGo Holdings Limited to open at HK$0.280, and during the day (based on 14 day Average True Range), to move between HK$0.270 and HK$0.290, which gives a possible trading interval of +/-HK$0.0103 (+/-3.67%) up or down from last closing price. If ArtGo Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.35% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.315, some HK$0.0350 (12.50%) from the current price of HK$0.280, our system finds the risk reward not very attractive.

Is ArtGo Holdings Limited stock A Buy?

ArtGo Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.129 Sell Candidate Upgraded

Predicted Opening Price for ArtGo Holdings Limited of Friday, June 21, 2024

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