Sun Art Retail Group Limited Stock Forecast
Sun Art Retail Group Limited stock price up 0.662% on Friday
(Updated on Jun 14, 2024)
The Sun Art Retail Group Limited stock price gained 0.662% on the last trading day (Friday, 14th Jun 2024), rising from HK$1.51 to HK$1.52. During the last trading day the stock fluctuated 3.36% from a day low at HK$1.49 to a day high of HK$1.54. The price has fallen in 6 of the last 10 days and is down by -10.06% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 427 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$3.90 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$1.51 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.70% during the next 3 months and, with a 90% probability hold a price between HK$1.74 and HK$2.13 at the end of this 3-month period.
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6808.HK Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sun Art Retail Group Limited 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$1.55 and HK$1.64. 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 28, 2024, and so far it has fallen -16.02%. 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 Sun Art Retail Group Limited stock
Sun Art Retail Group Limited finds support from accumulated volume at HK$1.51 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$0.0500 between high and low, or 3.36%. For the last week, the stock has had daily average volatility of 4.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6808.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Sun Art Retail Group Limited to open at HK$1.52, and during the day (based on 14 day Average True Range), to move between HK$1.45 and HK$1.59, which gives a possible trading interval of +/-HK$0.0726 (+/-4.78%) up or down from last closing price. If Sun Art Retail Group Limited takes out the full calculated possible swing range there will be an estimated 9.56% 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$1.51 (0.66%) than the resistance at HK$1.54 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sun Art Retail Group Limited stock A Buy?
The Sun Art Retail Group Limited stock holds several negative signals and despite the positive trend, we believe Sun Art Retail Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.790 Sell Candidate Unchanged
Predicted Opening Price for Sun Art Retail Group Limited of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
HK$1.52 ( 0.219%) | HK$1.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6808.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.57 | 3.07% |
R2 | 1.55 | 1.81% |
R1 | 1.54 | 1.04% |
Price | 1.52 | |
S1 | 1.50 | -1.48% |
S2 | 1.49 | -2.25% |
S3 | 1.47 | -3.51% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.63 | 7.24% |
R2 | 1.56 | 2.63% |
R1 | 1.54 | 1.32% |
Price | 1.52 | |
S1 | 1.51 | -0.658% |
S2 | 1.47 | -3.29% |
S3 | 1.39 | -8.55% |
6808 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 20, 2024 | Aug 20, 2024 | Sep 04, 2024 | HK$0.0200 | 1.32% |
2 | Aug 22, 2023 | Aug 22, 2023 | Sep 06, 2023 | HK$0.0450 | 2.41% |
3 | Aug 22, 2022 | Aug 22, 2022 | Aug 22, 2022 | HK$0.0450 | 2.17% |
4 | Aug 16, 2021 | Aug 16, 2021 | Aug 16, 2021 | HK$0.130 | 2.74% |
5 | Feb 20, 2020 | May 18, 2020 | Jun 15, 2020 | HK$0.150 | 1.29% |
FAQ
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