Anton Oilfield Services Group Stock Forecast

Red day on Friday for Anton Oilfield Services Group stock after losing 0%
(Updated on Apr 19, 2024)

3337.HK Signals & Forecast

The Anton Oilfield Services Group stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.439. On a fall, the stock will find some support from the long-term average at approximately HK$0.418. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, April 12, 2024, and so far it has fallen -2.25%. 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".

Support, Risk & Stop-loss for Anton Oilfield Services Group stock

Anton Oilfield Services Group finds support from accumulated volume at HK$0.430 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0100 between high and low, or 2.33%. For the last week the stock has had daily average volatility of 2.54%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (3337.HK) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Anton Oilfield Services Group to open at HK$0.435, and during the day (based on 14 day Average True Range), to move between HK$0.422 and HK$0.448, which gives a possible trading interval of +/-HK$0.0127 (+/-2.92%) up or down from last closing price. If Anton Oilfield Services Group takes out the full calculated possible swing range there will be an estimated 5.83% 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$0.440 (1.15%) than the support at HK$0.430 (1.15%), 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 Anton Oilfield Services Group stock A Buy?

Anton Oilfield Services Group 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: -1.037 Sell Candidate Unchanged

Predicted Opening Price for Anton Oilfield Services Group of Monday, April 22, 2024

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