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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 3389.HK
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Hengdeli Holdings Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)

Hold candidate since Jun 14, 2024 PDF

The Hengdeli Holdings Limited stock price fell by -1.46% on the last day (Friday, 14th Jun 2024) from HK$0.137 to HK$0.135. During the last trading day the stock fluctuated 3.79% from a day low at HK$0.132 to a day high of HK$0.137. The price has risen in 4 of the last 10 days but is still down by -0.74% for this period. Volume has increased on the last day by 70 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 370 thousand shares were bought and sold for approximately HK$49.95 thousand.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hengdeli Holdings Limited stock with a 90% probability to be traded between HK$0.130 and HK$0.148 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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3389.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 3.05%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hengdeli Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.139. On a fall, the stock will find some support from the short-term average at HK$0.134. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Hengdeli Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Hengdeli Holdings Limited stock

Hengdeli Holdings Limited finds support from accumulated volume at HK$0.134 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0050 between high and low, or 3.79%. For the last week, the stock has had daily average volatility of 3.51%.

Our recommended stop-loss: HK$0.129 (-4.47%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (3389.HK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Hengdeli Holdings Limited to open at HK$0.135, and during the day (based on 14 day Average True Range), to move between HK$0.129 and HK$0.141, which gives a possible trading interval of +/-HK$0.0060 (+/-4.44%) up or down from last closing price. If Hengdeli Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.88% 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$0.134 (0.74%) than the resistance at HK$0.137 (1.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hengdeli Holdings Limited stock A Buy?

Hengdeli 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.398 Hold/Accumulate Upgraded

Predicted Opening Price for Hengdeli Holdings Limited of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
HK$0.135 ( 0.247%) HK$0.135

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

Trading levels for 3389.HK

Fibonacci Support & Resistance Levels

Level Price
R3 0.140 3.46%
R2 0.138 2.04%
R1 0.137 1.17%
Price 0.135
S1 0.133 -1.66%
S2 0.132 -2.54%
S3 0.130 -3.95%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.140 3.70%
R2 0.139 2.96%
R1 0.137 1.48%
Price 0.135
S1 0.134 -0.741%
S2 0.132 -2.22%
S3 0.120 -11.11%

3389 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 16, 2019 Aug 29, 2019 Sep 13, 2019 HK$0.0380 10.13%
2 Mar 20, 2019 May 15, 2019 May 31, 2019 HK$0.0120 3.16%
3 Apr 25, 2017 Aug 10, 2017 Sep 01, 2017 HK$0.280 62.92%
4 Mar 17, 2015 May 19, 2015 Jun 08, 2015 HK$0.0396 2.49%
5 Mar 25, 2014 May 20, 2014 Jun 06, 2014 HK$0.0309 2.22%

FAQ

What is the symbol for Hengdeli Holdings Limited Stock and on which exchange is it traded?
The symbol for Hengdeli Holdings Limited is 3389.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Hengdeli Holdings Limited Stock?
Hengdeli 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Hengdeli Holdings Limited Stock?
Hengdeli Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hengdeli Holdings Limited Stock.

What's the current price of Hengdeli Holdings Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Hengdeli Holdings Limited (3389.HK) share was HK$0.135.

What is the 52-week high and low for Hengdeli Holdings Limited Stock?
The 52-week high for Hengdeli Holdings Limited Stock is HK$0.208 and the 52-week low is HK$0.110.

What is the market capitalization of Hengdeli Holdings Limited Stock?
As of the Jun 14, 2024, the market capitalization of Hengdeli Holdings Limited is 594.543M.
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About Hengdeli Holdings Limited

Hengdeli Holdings Limited, together with its subsidiaries, retails and trades in watches and jewelry. It is also involved in the design, production, and decoration of commercial spaces. In addition, the company engages in the manufacture and sale of watch accessories and packaging products. The company was founded in 1957 and is headquartered in Tsim Sha Tsui, Hong Kong.... 3389.HK Profile

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