Pou Sheng International (Holdings) Ltd Stock Forecast
Pou Sheng International (Holdings) Ltd stock price down 1.47% on Thursday
(Updated on Mar 28, 2024)
The Pou Sheng International (Holdings) Ltd stock price fell by -1.47% on the last day (Thursday, 28th Mar 2024) from HK$0.680 to HK$0.670. During the last trading day the stock fluctuated 4.62% from a day low at HK$0.650 to a day high of HK$0.680. The price has fallen in 4 of the last 10 days. Volume has increased on the last day by 1 million 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, 2 million shares were bought and sold for approximately HK$1.03 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pou Sheng International (Holdings) Ltd stock with a 90% probability to be traded between HK$0.557 and HK$0.697 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3813.HK Signals & Forecast
The Pou Sheng International (Holdings) Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.687. On a fall, the stock will find some support from the long-term average at approximately HK$0.629. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -4.29%. Further fall is indicated until a new bottom pivot has been found. Pou Sheng International (Holdings) 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 Pou Sheng International (Holdings) Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.620 and HK$0.600. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Pou Sheng International (Holdings) Ltd finds support just below today's level at HK$0.620. If this is broken, then the next support from accumulated volume will be at HK$0.600 and HK$0.590.
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$0.0300 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: HK$0.645 (-3.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (3813.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Pou Sheng International (Holdings) Limited to open at HK$0.667, and during the day (based on 14 day Average True Range), to move between HK$0.639 and HK$0.701, which gives a possible trading interval of +/-HK$0.0306 (+/-4.56%) up or down from last closing price. If Pou Sheng International (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 9.12% 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$0.680 (1.49%) than the support at HK$0.620 (7.46%), 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 Pou Sheng International (Holdings) Limited stock A Buy?
Pou Sheng International (Holdings) 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: -0.801 Hold/Accumulate Unchanged
Predicted Opening Price for Pou Sheng International (Holdings) Limited of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
HK$0.667 ( 0.498%) | HK$0.670 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3813.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.697 | 3.98 % | |
R2 | 0.685 | 2.27 % | ||
R1 | 0.678 | 1.21 % | ||
Current price: | 0.670 | |||
Support | S1 | 0.655 | -2.21 % | |
S2 | 0.648 | -3.26 % | ||
S3 | 0.637 | -4.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.700 | 4.48 % | |
R2 | 0.690 | 2.99 % | ||
R1 | 0.680 | 1.49 % | ||
Current price | 0.670 | |||
Support | S1 | 0.620 | -7.46% | |
S2 | 0.600 | -10.45% | ||
S3 | 0.590 | -11.94% |
3813 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2024 | May 31, 2024 | Jun 21, 2024 | HK$0.0120 | 1.79% |
2 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | HK$0.0160 | 1.98% |
3 | Mar 22, 2019 | Jun 06, 2019 | Jun 24, 2019 | HK$0.0250 | 1.37% |
4 | Mar 23, 2018 | Jun 07, 2018 | Jun 25, 2018 | HK$0.0200 | 1.33% |
5 | Mar 24, 2017 | May 31, 2017 | Jun 16, 2017 | HK$0.0200 | 1.44% |
FAQ
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