HKT Trust and HKT Limited Stock Forecast
Stronger technical forecast for HKT Trust and HKT Limited stock price after Monday trading.
(Updated on May 20, 2024)
The HKT Trust and HKT Limited stock price gained 0.549% on the last trading day (Monday, 20th May 2024), rising from HK$9.10 to HK$9.15. During the last trading day the stock fluctuated 0.769% from a day low at HK$9.10 to a day high of HK$9.17. The price has risen in 6 of the last 10 days and is up by 4.57% over the past 2 weeks. Volume fell on the last day by -62 thousand shares and in total, 9 million shares were bought and sold for approximately HK$85.43 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -5.72% during the next 3 months and, with a 90% probability hold a price between HK$8.03 and HK$8.63 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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6823.HK Signals & Forecast
Mostly positive signals in the chart today. The HKT Trust and HKT 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$9.07 and HK$8.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 5.90%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for HKT Trust and HKT Limited stock
HKT Trust and HKT Limited finds support from accumulated volume at HK$9.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0700 between high and low, or 0.769%. For the last week the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: HK$8.74 (-4.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (6823.HK) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect HKT Trust and HKT Limited to open at HK$9.14, and during the day (based on 14 day Average True Range), to move between HK$9.00 and HK$9.30, which gives a possible trading interval of +/-HK$0.145 (+/-1.59%) up or down from last closing price. If HKT Trust and HKT Limited takes out the full calculated possible swing range there will be an estimated 3.17% 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$9.14 (0.11%) than the resistance at HK$9.43 (3.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HKT Trust and HKT Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.130 Buy Candidate Upgraded
Predicted Opening Price for HKT Trust and HKT Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| HK$9.14 ( 0.109%) | HK$9.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6823.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.21 | 0.656 % | |
| R2 | 9.18 | 0.363 % | ||
| R1 | 9.17 | 0.183 % | ||
| Current price: | 9.15 | |||
| Support | S1 | 9.11 | -0.402 % | |
| S2 | 9.10 | -0.582 % | ||
| S3 | 9.07 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.55 | 4.37 % | |
| R2 | 9.49 | 3.72 % | ||
| R1 | 9.43 | 3.06 % | ||
| Current price | 9.15 | |||
| Support | S1 | 9.14 | -0.109% | |
| S2 | 9.10 | -0.546% | ||
| S3 | 8.87 | -3.06% |
6823 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 20, 2024 | HK$0.444 | 4.86% |
| 2 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | HK$0.432 | 4.52% |
| 3 | Aug 25, 2022 | Aug 25, 2022 | Aug 25, 2022 | HK$0.314 | 2.99% |
| 4 | May 17, 2022 | May 17, 2022 | May 17, 2022 | HK$0.421 | 3.88% |
| 5 | Aug 19, 2021 | Aug 19, 2021 | Aug 19, 2021 | HK$0.307 | 2.95% |
FAQ
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