Apex Ace Holding Limited Stock Forecast
Apex Ace Holding Limited stock price ended at HK$0.440 on Friday, after losing 1.12%.
(Updated on May 17, 2024)
The Apex Ace Holding Limited stock price fell by -1.12% on the last day (Friday, 17th May 2024) from HK$0.445 to HK$0.440. During the last trading day the stock fluctuated 2.27% from a day low at HK$0.440 to a day high of HK$0.450. The price has risen in 5 of the last 10 days and is up by 2.33% over the past 2 weeks. Volume has increased on the last day by 625 thousand 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, 1 million shares were bought and sold for approximately HK$451.00 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.444 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.04% during the next 3 months and, with a 90% probability hold a price between HK$0.354 and HK$0.404 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6036.HK Signals & Forecast
The Apex Ace Holding Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.441. On a fall, the stock will find some support from the long-term average at approximately HK$0.426. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 16, 2024, and so far it has fallen -1.12%. Further fall is indicated until a new bottom pivot has been found. Apex Ace Holding Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Apex Ace Holding Limited stock
Apex Ace Holding Limited finds support from accumulated volume at HK$0.430 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0100 between high and low, or 2.27%. For the last week, the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6036.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Apex Ace Holding Limited to open at HK$0.443, and during the day (based on 14 day Average True Range), to move between HK$0.422 and HK$0.458, which gives a possible trading interval of +/-HK$0.0180 (+/-4.08%) up or down from last closing price. If Apex Ace Holding Limited takes out the full calculated possible swing range there will be an estimated 8.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.430 (2.27%) than the resistance at HK$0.460 (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Apex Ace Holding Limited will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Apex Ace Holding Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0% in the first trading day after earnings release.
Is Apex Ace Holding Limited stock A Buy?
Apex Ace Holding Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.822 Sell Candidate Unchanged
Predicted Opening Price for Apex Ace Holding Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.443 ( 0.758%) | HK$0.440 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6036.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.453 | 3.03 % | |
| R2 | 0.450 | 2.16 % | ||
| R1 | 0.447 | 1.63 % | ||
| Current price: | 0.440 | |||
| Support | S1 | 0.440 | -0.111 % | |
| S2 | 0.437 | -0.647 % | ||
| S3 | 0.433 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.480 | 9.09 % | |
| R2 | 0.465 | 5.68 % | ||
| R1 | 0.460 | 4.55 % | ||
| Current price | 0.440 | |||
| Support | S1 | 0.430 | -2.27% | |
| S2 | 0.425 | -3.41% | ||
| S3 | 0.410 | -6.82% |
6036 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2019 | May 31, 2019 | Jul 05, 2019 | HK$0.0060 | 2.91% |
FAQ
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