Far East Horizon Limited Stock Forecast
Green day on Tuesday for Far East Horizon Limited
(Updated on Jul 02, 2024)
The Far East Horizon Limited stock price gained 0.394% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$5.08 to HK$5.10. During the last trading day the stock fluctuated 1.78% from a day low at HK$5.05 to a day high of HK$5.14. The price has fallen in 6 of the last 10 days and is down by -0.58% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$17.57 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$4.93 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.00% during the next 3 months and, with a 90% probability hold a price between HK$4.54 and HK$5.69 at the end of this 3-month period.
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3360.HK Signals & Forecast
There are mixed signals in the stock today. The Far East Horizon 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$5.15 and HK$5.78. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 0.99%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Far East Horizon Limited stock
Far East Horizon Limited finds support from accumulated volume at HK$5.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0900 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3360.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Far East Horizon Limited to open at HK$5.10, and during the day (based on 14 day Average True Range), to move between HK$4.95 and HK$5.25, which gives a possible trading interval of +/-HK$0.150 (+/-2.95%) up or down from last closing price. If Far East Horizon Limited takes out the full calculated possible swing range there will be an estimated 5.90% 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$5.08 (0.39%) than the resistance at HK$5.20 (1.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Far East Horizon Limited stock A Buy?
Far East Horizon 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: -3.482 Sell Candidate Unchanged
Predicted Opening Price for Far East Horizon Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$5.10 ( 0.0654%) | HK$5.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3360.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.19 | 1.70% |
| R2 | 5.15 | 1.03% |
| R1 | 5.13 | 0.609% |
| Price | 5.10 | |
| S1 | 5.06 | -0.739% |
| S2 | 5.04 | -1.16% |
| S3 | 5.01 | -1.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.28 | 23.14% |
| R2 | 6.23 | 22.16% |
| R1 | 5.20 | 1.96% |
| Price | 5.10 | |
| S1 | 5.08 | -0.392% |
| S2 | 5.05 | -0.98% |
| S3 | 0 | - |
3360 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 28, 2024 | HK$0.500 | 9.84% |
| 2 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | HK$0.490 | 7.90% |
| 3 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | HK$0.420 | 6.48% |
| 4 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | HK$0.360 | 4.59% |
| 5 | Mar 24, 2020 | Jul 16, 2020 | Jul 31, 2020 | HK$0.330 | 5.17% |
FAQ
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