Win Hanverky Holdings Limited Stock Forecast

High volatility in Win Hanverky Holdings Limited stock price on Friday which ended trading at HK$0.157
(Updated on May 31, 2024)

3322.HK Signals & Forecast

The Win Hanverky Holdings Limited 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$0.147 and HK$0.146. A breakdown below any of these levels will issue sell signals. Win Hanverky Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday, May 22, 2024, and so far it has fallen -1.26%. 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).

Support, Risk & Stop-loss for Win Hanverky Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.129 and HK$0.123. 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, Win Hanverky Holdings Limited finds support just below today's level at HK$0.129. If this is broken, then the next support from accumulated volume will be at HK$0.123 and HK$0.122.

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 HK$0.0160 between high and low, or 11.27%. For the last week, the stock has had daily average volatility of 3.97%.

Our recommended stop-loss: HK$0.150 (-4.61%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 49 days ago.)

Trading Expectations (3322.HK) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Win Hanverky Holdings Limited to open at HK$0.152, and during the day (based on 14 day Average True Range), to move between HK$0.149 and HK$0.165, which gives a possible trading interval of +/-HK$0.0085 (+/-5.40%) up or down from last closing price. If Win Hanverky Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.79% 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$0.158 (0.64%) than the support at HK$0.129 (17.83%), 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 Win Hanverky Holdings Limited stock A Buy?

Win Hanverky Holdings Limited 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: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Win Hanverky Holdings Limited of Monday, June 3, 2024

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