Hevol Services Group Co Ltd Stock Forecast
Hevol Services Group Co Ltd stock price down 1.33% on Monday
(Updated on May 27, 2024)
The Hevol Services Group Co Ltd stock price fell by -1.33% on the last day (Monday, 27th May 2024) from HK$1.50 to HK$1.48. During the last trading day the stock fluctuated 1.37% from a day low at HK$1.46 to a day high of HK$1.48. The price has fallen in 4 of the last 10 days and is down by -3.27% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -40 thousand shares and in total, 12 thousand shares were bought and sold for approximately HK$17.76 thousand.
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 -32.18% during the next 3 months and, with a 90% probability hold a price between HK$0.85 and HK$1.07 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
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 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$1.53 and HK$1.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -7.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved HK$0.0200 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 5.13%.
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 Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Hevol Services Group Co Ltd to open at HK$1.47, and during the day (based on 14 day Average True Range), to move between HK$1.41 and HK$1.55, which gives a possible trading interval of +/-HK$0.0704 (+/-4.76%) 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 9.51% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$1.50, some HK$0.0200 (1.35%) from the current price of HK$1.48, 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 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: -2.450 Sell Candidate Unchanged
Predicted Opening Price for Hevol Services Group Co Ltd of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| HK$1.47 ( 0.450%) | HK$1.48 |
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 | 1.49 | 0.90 % | |
| R2 | 1.49 | 0.385 % | ||
| R1 | 1.48 | 0.0658 % | ||
| Current price: | 1.48 | |||
| Support | S1 | 1.47 | -0.97 % | |
| S2 | 1.46 | -1.29 % | ||
| S3 | 1.45 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.68 | 13.51 % | |
| R2 | 1.52 | 2.70 % | ||
| R1 | 1.50 | 1.35 % | ||
| Current price | 1.48 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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