A-Living Services Co., Ltd. Stock Forecast

Big movements in A-Living Services Co., Ltd. stock price on Friday moving 15.52% between high and low
(Updated on May 17, 2024)

3319.HK Signals & Forecast

Mostly positive signals in the chart today. The A-Living Services Co., Ltd. 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 HK$3.38 and HK$3.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 59.04%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for A-Living Services Co., Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$3.46 and HK$3.38. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, A-Living Services Co., Ltd. finds support just below today's level at HK$3.46. If this is broken, then the next support from accumulated volume will be at HK$3.38 and HK$3.04.

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$0.540 between high and low, or 15.52%. For the last week, the stock has had daily average volatility of 8.44%.

The A-Living Services Co., Ltd. stock is extremely overbought on RSI14 (75). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: HK$3.82 (-3.50%) (This stock has high daily movements and this gives high risk. The RSI14 is 75 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (3319.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect A-Living Services Co., Ltd. to open at HK$3.82, and during the day (based on 14 day Average True Range), to move between HK$3.74 and HK$4.18, which gives a possible trading interval of +/-HK$0.220 (+/-5.55%) up or down from last closing price. If A-Living Services Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$4.02 (1.52%) than the support at HK$3.46 (12.63%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is A-Living Services Co., Ltd. stock A Buy?

A-Living Services Co., Ltd. holds several positive signals and the break up from the falling trend indicates a possible shift of trend as well. The trend doesn't have to go from falling to rising, it may as well go horizontal or even just decrease the earlier fall rate, but we find the risk-reward to be attractive and expect the stock to perform very well in the short term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.500 Strong Buy Candidate Upgraded

Predicted Opening Price for A-Living Services Co., Ltd. of Monday, May 20, 2024

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