YTO Express (International) Holdings Ltd Stock Forecast
Stronger technical forecast for YTO Express (International) Holdings Ltd stock price after Friday trading.
(Updated on May 31, 2024)
The YTO Express (International) Holdings Ltd stock price gained 1.94% on the last trading day (Friday, 31st May 2024), rising from HK$1.55 to HK$1.58. During the last trading day the stock fluctuated 0.637% from a day low at HK$1.57 to a day high of HK$1.58. The price has been going up and down for this period, and there has been a 0.64% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 88 thousand more shares were traded than the day before. In total, 158 thousand shares were bought and sold for approximately HK$249.64 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 34.93% during the next 3 months and, with a 90% probability hold a price between HK$1.84 and HK$2.24 at the end of this 3-month period.
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6123.HK Signals & Forecast
The YTO Express (International) Holdings Ltd 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$1.58 and HK$1.39. A breakdown below any of these levels will issue sell signals. YTO Express (International) Holdings Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -3.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for YTO Express (International) Holdings Ltd stock
YTO Express (International) Holdings Ltd finds support from accumulated volume at HK$1.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0100 between high and low, or 0.637%. For the last week, the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: HK$1.51 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (6123.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect YTO Express (International) Holdings Limited to open at HK$1.58, and during the day (based on 14 day Average True Range), to move between HK$1.52 and HK$1.64, which gives a possible trading interval of +/-HK$0.0600 (+/-3.80%) up or down from last closing price. If YTO Express (International) Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$1.59 (0.63%) than the support at HK$1.57 (0.63%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
YTO Express (International) Holdings Limited will release earnings BMO on Friday, June 07, 2024. We will update the financials statements for YTO Express (International) Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.81% in the first trading day after earnings release.
Is YTO Express (International) Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for YTO Express (International) Holdings Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.425 Buy Candidate Upgraded
Predicted Opening Price for YTO Express (International) Holdings Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$1.58 ( 0.211%) | HK$1.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6123.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.59 | 0.422 % | |
| R2 | 1.58 | 0.180 % | ||
| R1 | 1.58 | 0.0308 % | ||
| Current price: | 1.58 | |||
| Support | S1 | 1.57 | -0.453 % | |
| S2 | 1.57 | -0.602 % | ||
| S3 | 1.57 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.64 | 3.80 % | |
| R2 | 1.63 | 3.16 % | ||
| R1 | 1.59 | 0.633 % | ||
| Current price | 1.58 | |||
| Support | S1 | 1.57 | -0.633% | |
| S2 | 1.47 | -6.96% | ||
| S3 | 1.20 | -24.05% |
6123 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 08, 2024 | HK$0.0230 | 1.46% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | HK$0.0330 | 2.01% |
| 3 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | HK$0.0650 | 2.71% |
| 4 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | HK$0.0610 | 1.35% |
| 5 | Mar 31, 2020 | Jun 15, 2020 | Jul 10, 2020 | HK$0.0100 | 0.571% |
FAQ
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