Kim Heng Offshore & Marine Holdings Ltd Stock Forecast
On Tuesday, Kim Heng Offshore & Marine Holdings Ltd stock price gained an impressive 6.74%
(Updated on Jun 25, 2024)
The Kim Heng Offshore & Marine Holdings Ltd stock price gained 6.74% on the last trading day (Tuesday, 25th Jun 2024), rising from S$0.0890 to S$0.0950. During the last trading day the stock fluctuated 5.56% from a day low at S$0.0900 to a day high of S$0.0950. The price has risen in 4 of the last 10 days and is up by 9.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately S$372.45 thousand.
The stock lies in the middle of a very wide and weak 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 3.80% during the next 3 months and, with a 90% probability hold a price between S$0.0816 and S$0.105 at the end of this 3-month period.
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5G2.SI Signals & Forecast
The Kim Heng Offshore & Marine Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at S$0.0904 and S$0.0884. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Kim Heng Offshore & Marine Holdings Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, April 08, 2024, and so far it has fallen -3.06%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kim Heng Offshore & Marine Holdings Ltd stock
Kim Heng Offshore & Marine Holdings Ltd finds support from accumulated volume at S$0.0920 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved S$0.0050 (5.56%) between high and low. For the last week, the stock has had daily average volatility of 4.93%.
Our recommended stop-loss: S$0.0896 (-5.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 62 days ago.)
Trading Expectations (5G2.SI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Kim Heng Offshore & Marine Holdings Limited to open at S$0.0933, and during the day (based on 14 day Average True Range), to move between S$0.0919 and S$0.0981, which gives a possible trading interval of +/-S$0.0031 (+/-3.23%) up or down from last closing price. If Kim Heng Offshore & Marine Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$0.0980 (3.16%) than the support at S$0.0920 (3.16%), 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 Kim Heng Offshore & Marine Holdings Limited stock A Buy?
Kim Heng Offshore & Marine Holdings Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.175 Strong Buy Candidate Upgraded
Predicted Opening Price for Kim Heng Offshore & Marine Holdings Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| S$0.0933 ( 1.75%) | S$0.0950 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5G2.SI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0983 | 3.51% |
| R2 | 0.0964 | 1.50% |
| R1 | 0.0952 | 0.256% |
| Price | 0.0950 | |
| S1 | 0.0914 | -3.76% |
| S2 | 0.0902 | -5.01% |
| S3 | 0.0883 | -7.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0980 | 3.16% |
| Price | 0.0950 | |
| S1 | 0.0920 | -3.16% |
| S2 | 0.0910 | -4.21% |
| S3 | 0.0900 | -5.26% |
5G2 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 24, 2024 | Jun 24, 2024 | Jun 24, 2024 | S$0 | 0% |
| 2 | Jun 21, 2024 | Jun 21, 2024 | Jul 12, 2024 | S$0.0021 | 2.26% |
| 3 | May 10, 2023 | May 10, 2023 | May 26, 2023 | S$0.0028 | 2.75% |
| 4 | Apr 30, 2018 | Apr 30, 2018 | May 15, 2018 | S$0.0007 | 0.753% |
| 5 | May 03, 2017 | May 03, 2017 | May 17, 2017 | S$0.0007 | 0.93% |
FAQ
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