Hanhua Financial Holding Co., Ltd. Stock Forecast
Red day on Thursday for Hanhua Financial Holding Co., Ltd.
(Updated on Jun 20, 2024)
The Hanhua Financial Holding Co., Ltd. stock price fell by -3.03% on the last day (Thursday, 20th Jun 2024) from HK$0.330 to HK$0.320. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.56% from a day low at HK$0.320 to a day high of HK$0.325. The price has fallen in 4 of the last 10 days but is still up by 1.59% over the past 2 weeks. 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 -274 thousand shares and in total, 56 thousand shares were bought and sold for approximately HK$17.92 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.95% during the next 3 months and, with a 90% probability hold a price between HK$0.370 and HK$0.524 at the end of this 3-month period.
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3903.HK Signals & Forecast
The Hanhua Financial Holding Co., 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$0.330. On a fall, the stock will find some support from the long-term average at approximately HK$0.291. 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. 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 Monday, June 17, 2024, and so far it has fallen -8.57%. 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). 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hanhua Financial Holding Co., Ltd. stock
Hanhua Financial Holding Co., Ltd. finds support from accumulated volume at HK$0.315 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0050 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 5.34%.
Our recommended stop-loss: HK$0.301 (-6.08%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (3903.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Hanhua Financial Holding Co., Ltd. to open at HK$0.322, and during the day (based on 14 day Average True Range), to move between HK$0.284 and HK$0.356, which gives a possible trading interval of +/-HK$0.0362 (+/-11.30%) up or down from last closing price. If Hanhua Financial Holding Co., Ltd. takes out the full calculated possible swing range there will be an estimated 22.60% 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$0.325 (1.56%) than the support at HK$0.315 (1.56%), 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 Hanhua Financial Holding Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hanhua Financial Holding Co., Ltd. stock to perform well in the short-term.
Current score: 1.406 Buy Candidate Unchanged
Predicted Opening Price for Hanhua Financial Holding Co., Ltd. of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
HK$0.322 ( 0.521%) | HK$0.320 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3903.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.327 | 2.08% |
R2 | 0.325 | 1.49% |
R1 | 0.324 | 1.12% |
Price | 0.320 | |
S1 | 0.320 | -0.0760% |
S2 | 0.319 | -0.445% |
S3 | 0.317 | -1.04% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.350 | 9.37% |
R2 | 0.330 | 3.13% |
R1 | 0.325 | 1.56% |
Price | 0.320 | |
S1 | 0.315 | -1.56% |
S2 | 0.255 | -20.31% |
S3 | 0.250 | -21.88% |
3903 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 22, 2021 | Jul 22, 2021 | Jul 22, 2021 | HK$0.0360 | 5.46% |
2 | Mar 26, 2018 | May 30, 2018 | Jul 24, 2018 | HK$0.492 | 98.42% |
3 | Mar 28, 2017 | May 23, 2017 | Jul 19, 2017 | HK$0.0453 | 6.29% |
4 | Mar 28, 2016 | May 18, 2016 | Jun 28, 2016 | HK$0.0596 | 6.62% |
5 | Mar 30, 2015 | May 29, 2015 | Jun 11, 2015 | HK$0.126 | 7.64% |
FAQ
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