Aoyuan Healthy Life Group Co Ltd Stock Forecast

Red day on Friday for Aoyuan Healthy Life Group Co Ltd
(Updated on Jun 28, 2024)

3662.HK Signals & Forecast

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 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$0.583 and HK$0.607. 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. 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". The very low volume increases the risk and reduces the other technical signals issued. 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0300 between high and low, or 5.26%. For the last week the stock has had daily average volatility of 4.52%.

Our recommended stop-loss: HK$0.544 (-6.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 59 days ago.)

Trading Expectations (3662.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Aoyuan Healthy Life Group Company Limited to open at HK$0.583, and during the day (based on 14 day Average True Range), to move between HK$0.548 and HK$0.612, which gives a possible trading interval of +/-HK$0.0322 (+/-5.54%) 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 11.09% 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?

Aoyuan Healthy Life Group Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.938 Hold/Accumulate Unchanged

Predicted Opening Price for Aoyuan Healthy Life Group Company Limited of Tuesday, July 2, 2024

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