Earthasia International Holdings Limited Stock Forecast
Earthasia International Holdings Limited stock price took a fall of -5.33% on Friday
(Updated on May 17, 2024)
The Earthasia International Holdings Limited stock price fell by -5.33% on the last day (Friday, 17th May 2024) from HK$0.150 to HK$0.142. During the last trading day the stock fluctuated 6.43% from a day low at HK$0.140 to a day high of HK$0.149. The price has fallen in 6 of the last 10 days but is still up by 21.37% over the past 2 weeks. 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 -292 thousand shares and in total, 8 million shares were bought and sold for approximately HK$1.21 million.
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 -24.06% during the next 3 months and, with a 90% probability hold a price between HK$0.0784 and HK$0.153 at the end of this 3-month period.
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6128.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 Earthasia International Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.155 and HK$0.152. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -32.06%. 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.
Support, Risk & Stop-loss for Earthasia International Holdings Limited stock
Earthasia International Holdings Limited finds support from accumulated volume at HK$0.140 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0090 between high and low, or 6.43%. For the last week the stock has had daily average volatility of 10.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6128.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Earthasia International Holdings Limited to open at HK$0.144, and during the day (based on 14 day Average True Range), to move between HK$0.114 and HK$0.170, which gives a possible trading interval of +/-HK$0.0280 (+/-19.73%) up or down from last closing price. If Earthasia International Holdings Limited takes out the full calculated possible swing range there will be an estimated 39.46% 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$0.140 (1.41%) than the resistance at HK$0.155 (9.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Earthasia International Holdings Limited stock A Buy?
Earthasia International Holdings Limited 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: -3.333 Sell Candidate Unchanged
Predicted Opening Price for Earthasia International Holdings Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$0.144 ( 1.17%) | HK$0.142 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6128.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.153 | 7.51 % | |
R2 | 0.149 | 5.09 % | ||
R1 | 0.147 | 3.59 % | ||
Current price: | 0.142 | |||
Support | S1 | 0.140 | -1.25 % | |
S2 | 0.138 | -2.74 % | ||
S3 | 0.135 | -5.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.164 | 15.49 % | |
R2 | 0.159 | 11.97 % | ||
R1 | 0.155 | 9.15 % | ||
Current price | 0.142 | |||
Support | S1 | 0.140 | -1.41% | |
S2 | 0.133 | -6.34% | ||
S3 | 0.116 | -18.31% |
6128 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 30, 2016 | May 23, 2016 | Jun 13, 2016 | HK$0.0550 | 4.82% |
2 | Mar 20, 2015 | May 21, 2015 | Jun 12, 2015 | HK$0.0510 | 3.72% |
FAQ
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