Sheng Ye Capital Ltd Stock Forecast
Sheng Ye Capital Ltd stock price ended at HK$4.21 on Friday, after losing 0.94%.
(Updated on Apr 19, 2024)
The Sheng Ye Capital Ltd stock price fell by -0.94% on the last day (Friday, 19th Apr 2024) from HK$4.25 to HK$4.21. During the last trading day the stock fluctuated 4.40% from a day low at HK$4.09 to a day high of HK$4.27. The price has fallen in 6 of the last 10 days and is down by -1.41% for this period. Volume has increased on the last day by 32 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, 969 thousand shares were bought and sold for approximately HK$4.08 million.
The stock lies in the middle of a 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 -6.18% during the next 3 months and, with a 90% probability hold a price between HK$3.73 and HK$4.20 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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6069.HK Signals & Forecast
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 Sheng Ye Capital 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 HK$4.25 and HK$4.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -6.44%. Further fall is indicated until a new bottom pivot has been found. 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 Sheng Ye Capital Ltd stock
Sheng Ye Capital Ltd finds support from accumulated volume at HK$4.19 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 HK$0.180 (4.40%) between high and low. For the last week, the stock has had daily average volatility of 3.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6069.HK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Sheng Ye Capital Ltd to open at HK$4.19, and during the day (based on 14 day Average True Range), to move between HK$4.04 and HK$4.38, which gives a possible trading interval of +/-HK$0.173 (+/-4.10%) up or down from last closing price. If Sheng Ye Capital Ltd takes out the full calculated possible swing range there will be an estimated 8.20% 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$4.19 (0.48%) than the resistance at HK$4.23 (0.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sheng Ye Capital Ltd stock A Buy?
Sheng Ye Capital Ltd holds several negative signals and is within a 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: -1.761 Sell Candidate Unchanged
Predicted Opening Price for Sheng Ye Capital Ltd of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| HK$4.19 ( 0.475%) | HK$4.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6069.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.37 | 3.80 % | |
| R2 | 4.30 | 2.17 % | ||
| R1 | 4.26 | 1.16 % | ||
| Current price: | 4.21 | |||
| Support | S1 | 4.12 | -2.11 % | |
| S2 | 4.08 | -3.12 % | ||
| S3 | 4.01 | -4.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.36 | 3.56 % | |
| R2 | 4.29 | 1.90 % | ||
| R1 | 4.23 | 0.475 % | ||
| Current price | 4.21 | |||
| Support | S1 | 4.19 | -0.475% | |
| S2 | 4.18 | -0.713% | ||
| S3 | 4.13 | -1.90% |
6069 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 17, 2024 | HK$0.269 | 6.48% |
| 2 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | HK$0.0750 | 1.42% |
| 3 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | HK$0.0750 | 1.28% |
| 4 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | HK$0.0630 | 0.83% |
| 5 | Mar 20, 2020 | Jun 04, 2020 | Jun 30, 2020 | HK$0.0530 | 0.84% |
FAQ
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