Hevol Services Group Co Ltd Stock Forecast
Red day on Friday for Hevol Services Group Co Ltd stock after losing 0%
(Updated on May 03, 2024)
No changes to the price of Hevol Services Group Co Ltd stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0.671% from a day low at HK$1.49 to a day high of HK$1.50. The price has been going up and down for this period, and there has been a -12.79% loss for the last 2 weeks.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$1.45 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -29.93% during the next 3 months and, with a 90% probability hold a price between HK$1.01 and HK$1.24 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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6093.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hevol Services Group Co 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$1.51 and HK$1.81. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hevol Services Group Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0100 between high and low, or 0.671%. For the last week the stock has had daily average volatility of 2.33%.
Hevol Services Group Co Ltd is oversold on RSI14 (16). 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 (6093.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Hevol Services Group Co Ltd to open at HK$1.50, and during the day (based on 14 day Average True Range), to move between HK$1.42 and HK$1.58, which gives a possible trading interval of +/-HK$0.0753 (+/-5.02%) up or down from last closing price. If Hevol Services Group Co Ltd takes out the full calculated possible swing range there will be an estimated 10.03% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$1.68, some HK$0.180 (12.00%) from the current price of HK$1.50, our system finds the risk reward not very attractive.
Is Hevol Services Group Co Ltd stock A Buy?
Hevol Services Group Co 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: -3.914 Sell Candidate Unchanged
Predicted Opening Price for Hevol Services Group Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$1.50 ( 0.222%) | HK$1.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6093.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.51 | 0.444 % | |
| R2 | 1.50 | 0.190 % | ||
| R1 | 1.50 | 0.0324 % | ||
| Current price: | 1.50 | |||
| Support | S1 | 1.49 | -0.477 % | |
| S2 | 1.49 | -0.634 % | ||
| S3 | 1.49 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.86 | 24.00 % | |
| R2 | 1.78 | 18.67 % | ||
| R1 | 1.68 | 12.00 % | ||
| Current price | 1.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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