Hanhua Financial Holding Co., Ltd. Stock Forecast
Hanhua Financial Holding Co., Ltd. stock price down 1.82% on Friday
(Updated on Jun 28, 2024)
The Hanhua Financial Holding Co., Ltd. stock price fell by -1.82% on the last day (Friday, 28th Jun 2024) from HK$0.275 to HK$0.270. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 0% from a day low at HK$0.270 to a day high of HK$0.270. The price has fallen in 7 of the last 10 days and is down by -12.9% 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 -138 thousand shares and in total, 8 thousand shares were bought and sold for approximately HK$2.16 thousand.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at HK$0.280. A reaction back to this level may hold a second chance to get out before further falls.
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3903.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Hanhua Financial Holding Co., Ltd. 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$0.304 and HK$0.290. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -22.86%. 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
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.255 and HK$0.250. 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, Hanhua Financial Holding Co., Ltd. finds support just below today's level at HK$0.255. If this is broken, then the next support from accumulated volume will be at HK$0.250 and HK$0.229.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3903.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Hanhua Financial Holding Co., Ltd. to open at HK$0.270, and during the day (based on 14 day Average True Range), to move between HK$0.240 and HK$0.300, which gives a possible trading interval of +/-HK$0.0303 (+/-11.23%) 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 22.47% 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$0.275 (1.85%) than the support at HK$0.255 (5.56%), 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?
The Hanhua Financial Holding Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Hanhua Financial Holding Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.774 Sell Candidate Unchanged
Predicted Opening Price for Hanhua Financial Holding Co., Ltd. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.270 ( 0%) | HK$0.270 |
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 | 0.270 | - |
| R2 | 0.270 | - |
| R1 | 0.270 | - |
| Price | 0.270 | |
| S1 | 0.270 | - |
| S2 | 0.270 | - |
| S3 | 0.270 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.325 | 20.37% |
| R2 | 0.315 | 16.67% |
| R1 | 0.275 | 1.85% |
| Price | 0.270 | |
| S1 | 0.255 | -5.56% |
| S2 | 0.250 | -7.41% |
| S3 | 0.229 | -15.19% |
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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