Ju Teng International Holdings Limited Stock Forecast
Red day on Friday for Ju Teng International Holdings Limited stock after losing 0.94%
(Updated on May 17, 2024)
The Ju Teng International Holdings Limited stock price fell by -0.94% on the last day (Friday, 17th May 2024) from HK$1.06 to HK$1.05. During the last trading day the stock fluctuated 0.96% from a day low at HK$1.04 to a day high of HK$1.05. The price has been going up and down for this period, and there has been a 1.94% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 22 thousand shares were bought and sold for approximately HK$23.10 thousand.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$1.04, a level that may pose a second chance to hit a runner. According to fan-theory HK$1.14 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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$1.05 and HK$1.07. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 1.94%. 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$1.04 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$0.0100 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.34%.
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 Monday 20th
For the upcoming trading day on Monday, 20th we expect Ju Teng International Holdings Limited to open at HK$1.05, and during the day (based on 14 day Average True Range), to move between HK$1.03 and HK$1.07, which gives a possible trading interval of +/-HK$0.0242 (+/-2.31%) 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 4.61% 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$1.06 (0.95%) than the support at HK$1.04 (0.95%), 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 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.
Current score: -3.035 Sell Candidate Unchanged
Predicted Opening Price for Ju Teng International Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$1.05 ( 0.317%) | HK$1.05 |
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 | 1.06 | 0.635 % | |
| R2 | 1.05 | 0.271 % | ||
| R1 | 1.05 | 0.0463 % | ||
| Current price: | 1.05 | |||
| Support | S1 | 1.04 | -0.681 % | |
| S2 | 1.04 | -0.91 % | ||
| S3 | 1.04 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.08 | 2.86 % | |
| R2 | 1.07 | 1.90 % | ||
| R1 | 1.06 | 0.95 % | ||
| Current price | 1.05 | |||
| Support | S1 | 1.04 | -0.95% | |
| S2 | 1.03 | -1.90% | ||
| 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% |
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