TANSH Global Food Group Co., Ltd Stock Forecast

TANSH Global Food Group Co., Ltd stock price ended at HK$0.0390 on Friday, after losing 0%.
(Updated on Apr 26, 2024)

3666.HK Signals & Forecast

There are mixed signals in the stock today. The TANSH Global Food 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$0.0390 and HK$0.0458. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has fallen 0%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for TANSH Global Food Group Co., Ltd stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: HK$0.0367 (-6.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (3666.HK) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect TANSH Global Food Group Co., Ltd to open at HK$0.0390, and during the day (based on 14 day Average True Range), to move between HK$0.0379 and HK$0.0401, which gives a possible trading interval of +/-HK$0.0011 (+/-2.79%) up or down from last closing price. If TANSH Global Food Group Co., Ltd takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.0400, some HK$0.0010 (2.56%) from the current price of HK$0.0390, our system finds the risk reward not very attractive.

Is TANSH Global Food Group Co., Ltd stock A Buy?

TANSH Global Food Group Co., Ltd 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for TANSH Global Food Group Co., Ltd of Monday, April 29, 2024

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