Homeland Interactive Technology Ltd Stock Forecast
Big movements in Homeland Interactive Technology Ltd stock price on Tuesday moving 20.00% between high and low
(Updated on Jul 02, 2024)
The Homeland Interactive Technology Ltd stock price fell by -14.81% on the last day (Tuesday, 2nd Jul 2024) from HK$1.62 to HK$1.38. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 20.00% from a day low at HK$1.35 to a day high of HK$1.62. The price has fallen in 6 of the last 10 days and is down by -19.3% for this period. Volume has increased on the last day by 668 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 760 thousand shares were bought and sold for approximately HK$1.05 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (HK$1.59) are considered to be a "second chance" to get out. According to the fan-theory HK$1.21 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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3798.HK Signals & Forecast
There are few to no technical positive signals at the moment. 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$1.63 and HK$1.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -36.11%. 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). Homeland Interactive Technology 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".
Support, Risk & Stop-loss for Homeland Interactive Technology 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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.270 between high and low, or 20.00%. For the last week, the stock has had daily average volatility of 7.35%.
Homeland Interactive Technology Ltd is oversold on RSI14 (17). 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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Homeland Interactive Technology Ltd to open at HK$1.45, and during the day (based on 14 day Average True Range), to move between HK$1.29 and HK$1.47, which gives a possible trading interval of +/-HK$0.0857 (+/-6.21%) 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 12.42% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$1.62, some HK$0.240 (17.39%) from the current price of HK$1.38, our system finds the risk reward not very attractive.
Is Homeland Interactive Technology Ltd stock A Buy?
Homeland Interactive Technology Ltd holds several negative signals and is within a 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: -8.188 Strong Sell Candidate Unchanged
Predicted Opening Price for Homeland Interactive Technology Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$1.45 ( 5.07%) | HK$1.38 |
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 | 1.72 | 24.64% |
| R2 | 1.62 | 17.16% |
| R1 | 1.55 | 12.55% |
| Price | 1.38 | |
| S1 | 1.35 | -2.40% |
| S2 | 1.28 | -7.02% |
| S3 | 1.18 | -14.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.72 | 24.64% |
| R2 | 1.71 | 23.91% |
| R1 | 1.62 | 17.39% |
| Price | 1.38 | |
| S1 | 0 | - |
| 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 | 7.25% |
| 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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