Hla Group Corp., Ltd. Stock Forecast
Hla Group Corp., Ltd. stock upgraded to Hold/Accumulate.
(Updated on Jun 19, 2024)
The Hla Group Corp., Ltd. stock price fell by -2.17% on the last day (Wednesday, 19th Jun 2024) from $9.22 to $9.02. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.89% from a day low at $9.00 to a day high of $9.26. The price has fallen in 7 of the last 10 days and is down by -7.58% for this period. Volume has increased on the last day by 2 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, 16 million shares were bought and sold for approximately $142.80 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.97 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 6.76% during the next 3 months and, with a 90% probability hold a price between $9.57 and $10.74 at the end of this 3-month period.
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600398.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Hla Group Corp., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $9.24 and $9.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -7.87%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hla Group Corp., Ltd. stock
Hla Group Corp., Ltd. finds support from accumulated volume at $8.83 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 $0.260 (2.89%) between high and low. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: $8.55 (-5.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (600398.SS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Hla Group Corp., Ltd. to open at $9.09, and during the day (based on 14 day Average True Range), to move between $8.74 and $9.30, which gives a possible trading interval of +/-$0.282 (+/-3.12%) up or down from last closing price. If Hla Group Corp., Ltd. takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.11 (1.00%) than the support at $8.83 (2.11%), 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 Hla Group Corp., Ltd. stock A Buy?
Hla Group Corp., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.653 Hold/Accumulate Upgraded
Predicted Opening Price for Hla Group Corp., Ltd. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $9.09 ( 0.81%) | $9.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600398.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.35 | 3.70% |
| R2 | 9.25 | 2.59% |
| R1 | 9.19 | 1.91% |
| Price | 9.02 | |
| S1 | 8.99 | -0.288% |
| S2 | 8.93 | -0.97% |
| S3 | 8.83 | -2.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.23 | 2.33% |
| R2 | 9.18 | 1.77% |
| R1 | 9.11 | 1.00% |
| Price | 9.02 | |
| S1 | 8.83 | -2.11% |
| S2 | 8.54 | -5.32% |
| S3 | 8.42 | -6.65% |
600398 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 06, 2024 | $0.560 | 6.14% |
| 2 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | $0.430 | 6.62% |
| 3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | $0.510 | 10.71% |
| 4 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | $0.256 | 3.64% |
| 5 | Jul 08, 2020 | Jul 08, 2020 | Jul 08, 2020 | $0.280 | 4.51% |
FAQ
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