Wasion Holdings Limited Stock Forecast
Wasion Holdings Limited stock price up 0.758% on Monday
(Updated on May 06, 2024)
The Wasion Holdings Limited stock price gained 0.758% on the last trading day (Monday, 6th May 2024), rising from HK$6.60 to HK$6.65. During the last trading day the stock fluctuated 3.24% from a day low at HK$6.49 to a day high of HK$6.70. The price has fallen in 6 of the last 10 days but is still up by 4.89% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately HK$13.38 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at HK$6.73. A reaction back to this level may hold a second chance to get out before further falls.
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3393.HK Signals & Forecast
The Wasion Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$6.44 and HK$6.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 18.12%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wasion Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$5.79 and HK$5.41. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Wasion Holdings Limited finds support just below today's level at HK$5.79. If this is broken, then the next support from accumulated volume will be at HK$5.41 and HK$5.40.
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$0.210 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: HK$6.42 (-3.39%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (3393.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Wasion Holdings Limited to open at HK$6.61, and during the day (based on 14 day Average True Range), to move between HK$6.39 and HK$6.91, which gives a possible trading interval of +/-HK$0.264 (+/-3.98%) up or down from last closing price. If Wasion Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.95% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$5.79, some HK$0.86 (12.93%) from the current price of HK$6.65, our system finds the risk reward attractive.
Is Wasion Holdings Limited stock A Buy?
Wasion Holdings Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.150 Strong Buy Candidate Unchanged
Predicted Opening Price for Wasion Holdings Limited of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
HK$6.61 ( 0.551%) | HK$6.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3393.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.82 | 2.61 % | |
R2 | 6.74 | 1.40 % | ||
R1 | 6.69 | 0.655 % | ||
Current price: | 6.65 | |||
Support | S1 | 6.53 | -1.76 % | |
S2 | 6.48 | -2.50 % | ||
S3 | 6.40 | -3.71 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 6.65 | |||
Support | S1 | 5.79 | -12.93% | |
S2 | 5.41 | -18.65% | ||
S3 | 5.40 | -18.80% |
3393 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 20, 2024 | May 20, 2024 | Jun 11, 2024 | HK$0.280 | 4.24% |
2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | HK$0.230 | 7.17% |
3 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | HK$0.200 | 7.75% |
4 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | HK$0.200 | 8.66% |
5 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | HK$0.200 | 8.10% |
FAQ
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