Aoyuan Healthy Life Group Co Ltd Stock Forecast

Aoyuan Healthy Life Group Co Ltd stock downgraded from Buy Candidate to Strong Sell Candidate after Thursday trading session.
(Updated on Jun 20, 2024)

3662.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Aoyuan Healthy Life Group Co Ltd 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$0.587 and HK$0.590. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -21.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Aoyuan Healthy Life Group Co Ltd 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 stock had a Golden Star Signal on Tuesday, April 23, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Aoyuan Healthy Life Group Co Ltd stock

Aoyuan Healthy Life Group Co Ltd finds support from accumulated volume at HK$0.560 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$0.0200 between high and low, or 3.51%. For the last week, the stock has had daily average volatility of 3.13%.

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

Trading Expectations (3662.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Aoyuan Healthy Life Group Company Limited to open at HK$0.580, and during the day (based on 14 day Average True Range), to move between HK$0.544 and HK$0.616, which gives a possible trading interval of +/-HK$0.0359 (+/-6.20%) up or down from last closing price. If Aoyuan Healthy Life Group Company Limited takes out the full calculated possible swing range there will be an estimated 12.39% 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$0.560 (3.45%) than the resistance at HK$0.610 (5.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aoyuan Healthy Life Group Company Limited stock A Buy?

The Aoyuan Healthy Life Group Co Ltd stock holds several negative signals and despite the positive trend, we believe Aoyuan Healthy Life Group Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.

Current score: -5.224 Strong Sell Candidate Downgraded

Predicted Opening Price for Aoyuan Healthy Life Group Company Limited of Friday, June 21, 2024

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