Vinda International Holdings Limited Stock Forecast
Red day on Friday for Vinda International Holdings Limited
(Updated on Apr 19, 2024)
No changes to the price of Vinda International Holdings Limited stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at HK$23.45 to a day high of HK$23.45. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.04% during the next 3 months and, with a 90% probability hold a price between HK$23.87 and HK$24.13 at the end of this 3-month period.
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3331.HK Signals & Forecast
The Vinda International 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$23.45 and HK$23.42. 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). 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, March 20, 2024, and so far it has fallen -0.213%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vinda International Holdings Limited stock
Vinda International Holdings Limited finds support from accumulated volume at HK$23.35 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: HK$22.51 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (3331.HK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Vinda International Holdings Limited to open at HK$23.45, and during the day (based on 14 day Average True Range), to move between HK$23.40 and HK$23.50, which gives a possible trading interval of +/-HK$0.0497 (+/-0.21%) up or down from last closing price. If Vinda International Holdings Limited takes out the full calculated possible swing range there will be an estimated 0.42% 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$23.50 (0.21%) than the support at HK$23.35 (0.43%), 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.
Earnings coming up
Vinda International Holdings Limited will release earnings BMO on Wednesday, April 24, 2024. We will update the financials statements for Vinda International Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.55% in the first trading day after earnings release.
Is Vinda International Holdings Limited stock A Buy?
Vinda International 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Vinda International Holdings Limited of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
HK$23.45 ( 0%) | HK$23.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3331.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.45 | . | |
R2 | 23.45 | . | ||
R1 | 23.45 | . | ||
Current price: | 23.45 | |||
Support | S1 | 23.45 | . | |
S2 | 23.45 | . | ||
S3 | 23.45 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 23.50 | 0.213 % | ||
Current price | 23.45 | |||
Support | S1 | 23.35 | -0.426% | |
S2 | 23.05 | -1.71% | ||
S3 | 23.00 | -1.92% |
3331 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 19, 2023 | May 19, 2023 | May 19, 2023 | HK$0.300 | 1.45% |
2 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | HK$0.100 | 0.503% |
3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | HK$0.400 | 2.11% |
4 | Aug 18, 2021 | Aug 18, 2021 | Aug 18, 2021 | HK$0.100 | 0.451% |
5 | May 14, 2021 | May 14, 2021 | May 14, 2021 | HK$0.370 | 1.49% |
FAQ
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