Sky Light Holdings Limited Stock Forecast
Volatile ride for Sky Light Holdings Limited stock price on Monday moving between HK$1.10 and HK$1.50
(Updated on May 13, 2024)
The Sky Light Holdings Limited stock price fell by -20.00% on the last day (Monday, 13th May 2024) from HK$1.45 to HK$1.16. During the last trading day the stock fluctuated 36.36% from a day low at HK$1.10 to a day high of HK$1.50. The price has fallen in 6 of the last 10 days and is down by -9.38% for this period. Volume has increased on the last day by 5 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, 6 million shares were bought and sold for approximately HK$6.53 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$1.13 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 45.54% during the next 3 months and, with a 90% probability hold a price between HK$1.64 and HK$2.57 at the end of this 3-month period.
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3882.HK Signals & Forecast
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. The Sky Light Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$1.46 and HK$1.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -31.36%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Sky Light Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$1.07 and HK$0.89. 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, Sky Light Holdings Limited finds support just below today's level at HK$1.07. If this is broken, then the next support from accumulated volume will be at HK$0.89 and HK$0.88.
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$0.400 between high and low, or 36.36%. For the last week, the stock has had daily average volatility of 14.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3882.HK) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Sky Light Holdings Limited to open at HK$1.25, and during the day (based on 14 day Average True Range), to move between HK$1.01 and HK$1.31, which gives a possible trading interval of +/-HK$0.153 (+/-13.15%) up or down from last closing price. If Sky Light Holdings Limited takes out the full calculated possible swing range there will be an estimated 26.30% 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$1.18 (1.72%) than the support at HK$1.07 (7.76%), 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 Sky Light Holdings Limited stock A Buy?
The Sky Light Holdings Limited stock holds several negative signals and despite the positive trend, we believe Sky Light Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.802 Sell Candidate Downgraded
Predicted Opening Price for Sky Light Holdings Limited of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| HK$1.25 ( 8.05%) | HK$1.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3882.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.65 | 42.53 % | |
| R2 | 1.50 | 29.36 % | ||
| R1 | 1.41 | 21.22 % | ||
| Current price: | 1.16 | |||
| Support | S1 | 1.10 | -5.13 % | |
| S2 | 1.01 | -13.26 % | ||
| S3 | 0.85 | -26.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.30 | 12.07 % | |
| R2 | 1.21 | 4.31 % | ||
| R1 | 1.18 | 1.72 % | ||
| Current price | 1.16 | |||
| Support | S1 | 1.07 | -7.76% | |
| S2 | 0.89 | -23.28% | ||
| S3 | 0.88 | -24.14% |
3882 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 23, 2017 | May 24, 2017 | Jun 16, 2017 | HK$0.0320 | 1.84% |
| 2 | Mar 23, 2016 | May 30, 2016 | Jun 24, 2016 | HK$0.0730 | 7.85% |
| 3 | Aug 28, 2015 | Sep 11, 2015 | Oct 30, 2015 | HK$0.0600 | 2.69% |
FAQ
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