Vobile Group Limited Stock Forecast

Strong day for Vobile Group Limited stock price on Wednesday rising 7.14% to HK$1.35
(Updated on Apr 24, 2024)

3738.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.00%. 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 is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vobile Group 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$1.66. On a fall, the stock will find some support from the short-term average at HK$1.31. 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.

Support, Risk & Stop-loss for Vobile Group Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$1.26 and HK$1.25. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$1.25 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.120 between high and low, or 9.68%. For the last week, the stock has had daily average volatility of 7.73%.

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

Trading Expectations (3738.HK) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Vobile Group Limited to open at HK$1.32, and during the day (based on 14 day Average True Range), to move between HK$1.25 and HK$1.45, which gives a possible trading interval of +/-HK$0.103 (+/-7.66%) up or down from last closing price. If Vobile Group Limited takes out the full calculated possible swing range there will be an estimated 15.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$1.37 (1.48%) than the support at HK$1.26 (6.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Vobile Group Limited stock A Buy?

Vobile Group Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.917 Sell Candidate Unchanged

Predicted Opening Price for Vobile Group Limited of Thursday, April 25, 2024

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