Ju Teng International Holdings Limited Stock Forecast
Weaker technical forecast for Ju Teng International Holdings Limited as stock downgraded to Sell Candidate.
(Updated on May 09, 2024)
No changes to the price of Ju Teng International Holdings Limited stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at HK$1.04 to a day high of HK$1.04. 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.63% during the next 3 months and, with a 90% probability hold a price between HK$0.86 and HK$0.94 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3336.HK Signals & Forecast
There are mixed signals in the stock today. The Ju Teng International 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$1.04 and HK$1.09. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.97%. 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).
Support, Risk & Stop-loss for Ju Teng International Holdings Limited stock
Ju Teng International Holdings Limited finds support from accumulated volume at HK$1.03 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 controlled movements and therefore the general risk is considered 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 0.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3336.HK) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Ju Teng International Holdings Limited to open at HK$1.04, and during the day (based on 14 day Average True Range), to move between HK$1.01 and HK$1.07, which gives a possible trading interval of +/-HK$0.0264 (+/-2.54%) up or down from last closing price. If Ju Teng International Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.09% 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$1.03 (0.96%) than the resistance at HK$1.07 (2.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ju Teng International Holdings Limited stock A Buy?
Ju Teng International 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.080 Sell Candidate Downgraded
Predicted Opening Price for Ju Teng International Holdings Limited of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| HK$1.04 ( 0%) | HK$1.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3336.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.04 | . | |
| R2 | 1.04 | . | ||
| R1 | 1.04 | . | ||
| Current price: | 1.04 | |||
| Support | S1 | 1.04 | . | |
| S2 | 1.04 | . | ||
| S3 | 1.04 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.20 | 15.38 % | |
| R2 | 1.08 | 3.85 % | ||
| R1 | 1.07 | 2.88 % | ||
| Current price | 1.04 | |||
| Support | S1 | 1.03 | -0.96% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
3336 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2023 | May 22, 2023 | May 22, 2023 | HK$0.0500 | 3.94% |
| 2 | May 17, 2022 | May 17, 2022 | May 17, 2022 | HK$0.0800 | 6.25% |
| 3 | May 18, 2021 | May 18, 2021 | May 18, 2021 | HK$0.100 | 5.32% |
| 4 | Mar 31, 2020 | Jun 03, 2020 | Jun 15, 2020 | HK$0.100 | 3.86% |
| 5 | Mar 19, 2019 | May 21, 2019 | May 31, 2019 | HK$0.100 | 5.13% |
FAQ
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