Greattown Holdings Ltd. Stock Forecast
Greattown Holdings Ltd. stock price up more than 6.41% on Wednesday
(Updated on Jun 26, 2024)
The Greattown Holdings Ltd. stock price gained 6.41% on the last trading day (Wednesday, 26th Jun 2024), rising from $4.37 to $4.65. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.39% from a day low at $4.26 to a day high of $4.66. The price has risen in 8 of the last 10 days and is up by 22.69% 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, 8 million more shares were traded than the day before. In total, 40 million shares were bought and sold for approximately $186.51 million.
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 22.49% during the next 3 months and, with a 90% probability hold a price between $4.81 and $6.47 at the end of this 3-month period.
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600094.SS Signals & Forecast
The Greattown 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 $4.36 and $4.33. 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). Volume is rising along with the price. This is considered to be a good technical 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 Tuesday, May 21, 2024, and so far it has fallen -4.52%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Greattown Holdings Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.10 and $3.95. 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, Greattown Holdings Ltd. finds support just below today's level at $4.10. If this is broken, then the next support from accumulated volume will be at $3.95 and $3.94.
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 $0.400 between high and low, or 9.39%. For the last week, the stock has had daily average volatility of 6.19%.
Our recommended stop-loss: $4.40 (-5.36%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (600094.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Greattown Holdings Ltd. to open at $4.52, and during the day (based on 14 day Average True Range), to move between $4.38 and $4.92, which gives a possible trading interval of +/-$0.265 (+/-5.70%) up or down from last closing price. If Greattown Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 11.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.67 (0.43%) than the support at $4.10 (11.83%), 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 Greattown Holdings Ltd. stock A Buy?
Greattown Holdings Ltd. holds several positive signals and is within a strong 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: 5.454 Strong Buy Candidate Upgraded
Predicted Opening Price for Greattown Holdings Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $4.52 ( 2.72%) | $4.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600094.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.92 | 5.88% |
| R2 | 4.77 | 2.59% |
| R1 | 4.68 | 0.562% |
| Price | 4.65 | |
| S1 | 4.37 | -6.01% |
| S2 | 4.28 | -8.04% |
| S3 | 4.12 | -11.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.87 | 4.73% |
| R2 | 4.74 | 1.94% |
| R1 | 4.67 | 0.430% |
| Price | 4.65 | |
| S1 | 4.10 | -11.83% |
| S2 | 3.95 | -15.05% |
| S3 | 3.94 | -15.27% |
600094 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 14, 2021 | Jul 14, 2021 | Jul 14, 2021 | $0.0250 | 0.667% |
| 2 | Jul 02, 2020 | Jul 02, 2020 | Jul 02, 2020 | $0.0300 | 0.493% |
| 3 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | $0.0200 | 0.286% |
| 4 | May 21, 2018 | May 21, 2018 | May 21, 2018 | $0.0600 | 0.93% |
| 5 | Jul 03, 2017 | Jul 03, 2017 | Jul 03, 2017 | $0.0500 | 0.659% |
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