Wisdom Education International Holdings Stock Forecast
Wisdom Education International Holdings stock price up 0.91% on Monday
(Updated on May 20, 2024)
The Wisdom Education International Holdings stock price gained 0.91% on the last trading day (Monday, 20th May 2024), rising from HK$0.220 to HK$0.222. During the last trading day the stock fluctuated 3.21% from a day low at HK$0.218 to a day high of HK$0.225. The price has risen in 6 of the last 10 days but is still down by -1.33% for this period. Volume fell on the last day by -344 thousand shares and in total, 2 million shares were bought and sold for approximately HK$393.38 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -37.32% during the next 3 months and, with a 90% probability hold a price between HK$0.130 and HK$0.170 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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6068.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.37%. Further rise is indicated until a new top pivot has been found. 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. The Wisdom Education International Holdings 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 HK$0.224 and HK$0.283. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Wisdom Education International Holdings stock
Wisdom Education International Holdings finds support from accumulated volume at HK$0.220 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0070 between high and low, or 3.21%. For the last week the stock has had daily average volatility of 4.16%.
Wisdom Education International Holdings is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6068.HK) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Wisdom Education International Holdings Company Limited to open at HK$0.222, and during the day (based on 14 day Average True Range), to move between HK$0.206 and HK$0.238, which gives a possible trading interval of +/-HK$0.0156 (+/-7.04%) up or down from last closing price. If Wisdom Education International Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 14.07% 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$0.220 (0.90%) than the resistance at HK$0.226 (1.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wisdom Education International Holdings Company Limited stock A Buy?
Wisdom Education International Holdings holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.044 Sell Candidate Unchanged
Predicted Opening Price for Wisdom Education International Holdings Company Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| HK$0.222 ( 0.150%) | HK$0.222 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6068.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.229 | 3.00 % | |
| R2 | 0.226 | 1.80 % | ||
| R1 | 0.224 | 1.05 % | ||
| Current price: | 0.222 | |||
| Support | S1 | 0.219 | -1.35 % | |
| S2 | 0.217 | -2.10 % | ||
| S3 | 0.215 | -3.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.237 | 6.76 % | |
| R2 | 0.228 | 2.70 % | ||
| R1 | 0.226 | 1.80 % | ||
| Current price | 0.222 | |||
| Support | S1 | 0.220 | -0.90% | |
| S2 | 0.219 | -1.35% | ||
| S3 | 0 | . |
6068 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 05, 2024 | Apr 08, 2024 | HK$0.0550 | 16.67% |
| 2 | Feb 07, 2024 | Feb 07, 2024 | Feb 07, 2024 | HK$0 | 0% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | HK$0.128 | 8.53% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | HK$0.0800 | 3.24% |
| 5 | Jan 20, 2021 | Jan 20, 2021 | Jan 20, 2021 | HK$0.0660 | 1.50% |
FAQ
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