Tian Yuan Group Holdings Limited Stock Forecast

Big movements in Tian Yuan Group Holdings Limited stock price on Tuesday moving 16.47% between high and low
(Updated on May 07, 2024)

6119.HK Signals & Forecast

Mostly positive signals in the chart today. The Tian Yuan Group Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.421 and HK$0.361. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 15.19%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, April 09, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Tian Yuan Group Holdings Limited stock

Tian Yuan Group Holdings Limited finds support from accumulated volume at HK$0.440 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0700 between high and low, or 16.47%. For the last week, the stock has had daily average volatility of 7.55%.

Our recommended stop-loss: HK$0.439 (-3.60%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (6119.HK) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Tian Yuan Group Holdings Limited to open at HK$0.458, and during the day (based on 14 day Average True Range), to move between HK$0.427 and HK$0.483, which gives a possible trading interval of +/-HK$0.0276 (+/-6.06%) up or down from last closing price. If Tian Yuan Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.13% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.440, some HK$0.0150 (3.30%) from the current price of HK$0.455, our system finds the risk reward attractive.

Is Tian Yuan Group Holdings Limited stock A Buy?

Tian Yuan Group Holdings Limited holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 8.313 Strong Buy Candidate Upgraded

Predicted Opening Price for Tian Yuan Group Holdings Limited of Wednesday, May 8, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.