Hla Group Corp., Ltd. Stock Forecast
Hla Group Corp., Ltd. stock price down 1.42% on Friday
(Updated on Jun 21, 2024)
The Hla Group Corp., Ltd. stock price fell by -1.42% on the last day (Friday, 21st Jun 2024) from $9.16 to $9.03. During the last trading day the stock fluctuated 2.67% from a day low at $9.00 to a day high of $9.24. The price has fallen in 6 of the last 10 days and is down by -0.99% for this period. Volume has increased on the last day by 1 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, 17 million shares were bought and sold for approximately $153.96 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 $8.87 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 4.73% during the next 3 months and, with a 90% probability hold a price between $9.29 and $10.47 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 $9.20 and $9.33. 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 -7.76%. 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 $0.240 (2.67%) between high and low. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600398.SS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th 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 $8.75 and $9.31, which gives a possible trading interval of +/-$0.277 (+/-3.07%) 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 6.13% 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 (0.89%) than the support at $8.83 (2.21%), 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?
The Hla Group Corp., Ltd. stock holds several negative signals and despite the positive trend, we believe Hla Group Corp., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.574 Sell Candidate Unchanged
Predicted Opening Price for Hla Group Corp., Ltd. of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$9.09 ( 0.664%) | $9.03 |
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 | 9.33 | 3.32% |
R2 | 9.24 | 2.31% |
R1 | 9.18 | 1.68% |
Price | 9.03 | |
S1 | 9.00 | -0.351% |
S2 | 8.94 | -0.98% |
S3 | 8.85 | -1.99% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 9.23 | 2.21% |
R2 | 9.18 | 1.66% |
R1 | 9.11 | 0.89% |
Price | 9.03 | |
S1 | 8.83 | -2.21% |
S2 | 8.77 | -2.88% |
S3 | 8.54 | -5.43% |
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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