Homeland Interactive Technology Ltd Stock Forecast
Homeland Interactive Technology Ltd stock price down 4.26% on Friday
(Updated on Jun 14, 2024)
The Homeland Interactive Technology Ltd stock price fell by -4.26% on the last day (Friday, 14th Jun 2024) from HK$1.88 to HK$1.80. During the last trading day the stock fluctuated 8.43% from a day low at HK$1.78 to a day high of HK$1.93. The price has fallen in 7 of the last 10 days and is down by -12.62% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -622 thousand shares and in total, 86 thousand shares were bought and sold for approximately HK$154.80 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$1.77 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.21% during the next 3 months and, with a 90% probability hold a price between HK$1.41 and HK$1.77 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3798.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 0.559%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Homeland Interactive Technology 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$1.94 and HK$2.05. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Homeland Interactive Technology Ltd stock
Homeland Interactive Technology Ltd finds support from accumulated volume at HK$1.79 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$0.150 between high and low, or 8.43%. For the last week the stock has had daily average volatility of 5.89%.
Homeland Interactive Technology Ltd is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3798.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Homeland Interactive Technology Ltd to open at HK$1.84, and during the day (based on 14 day Average True Range), to move between HK$1.72 and HK$1.88, which gives a possible trading interval of +/-HK$0.0827 (+/-4.59%) up or down from last closing price. If Homeland Interactive Technology Ltd takes out the full calculated possible swing range there will be an estimated 9.18% 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$1.79 (0.56%) than the resistance at HK$1.88 (4.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Homeland Interactive Technology Ltd stock A Buy?
Homeland Interactive Technology Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.311 Sell Candidate Unchanged
Predicted Opening Price for Homeland Interactive Technology Ltd of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$1.84 ( 2.04%) | HK$1.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3798.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.99 | 10.37% |
| R2 | 1.93 | 7.19% |
| R1 | 1.89 | 5.22% |
| Price | 1.80 | |
| S1 | 1.78 | -1.15% |
| S2 | 1.74 | -3.11% |
| S3 | 1.69 | -6.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.20 | 22.22% |
| R2 | 2.15 | 19.44% |
| R1 | 1.88 | 4.44% |
| Price | 1.80 | |
| S1 | 1.79 | -0.556% |
| S2 | 0 | - |
| S3 | 0 | - |
3798 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jul 11, 2024 | HK$0.100 | 5.62% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | HK$0.140 | 8.00% |
| 3 | Oct 11, 2022 | Oct 11, 2022 | Oct 11, 2022 | HK$0.0800 | 5.30% |
| 4 | Jul 07, 2021 | Jul 07, 2021 | Jul 07, 2021 | HK$0.189 | 3.85% |
| 5 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | HK$0.189 | 3.94% |
FAQ
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