Huazhong In-Vehicle Holdings Co Ltd Stock Forecast

Huazhong In-Vehicle Holdings Co Ltd stock price down 0% on Friday
(Updated on May 17, 2024)

6830.HK Signals & Forecast

The Huazhong In-Vehicle Holdings Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$2.32. On a fall, the stock will find some support from the long-term average at approximately HK$2.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 0.87%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The stock had a Golden Star Signal on Wednesday, May 08, 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.

Buy

Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Wednesday, May 08, 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should go up by 1.12% to HK$2.35 within 20 trading days since signal was issued (Monday, May 20, 2024).

Support, Risk & Stop-loss for Huazhong In-Vehicle Holdings Co Ltd stock

Huazhong In-Vehicle Holdings Co Ltd finds support from accumulated volume at HK$2.31 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$0.0300 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 1.92%.

Our recommended stop-loss: HK$2.19 (-5.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (6830.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Huazhong In-Vehicle Holdings Company Limited to open at HK$2.31, and during the day (based on 14 day Average True Range), to move between HK$2.27 and HK$2.37, which gives a possible trading interval of +/-HK$0.0486 (+/-2.10%) up or down from last closing price. If Huazhong In-Vehicle Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 4.19% 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$2.31 (0.43%) than the resistance at HK$2.34 (0.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Huazhong In-Vehicle Holdings Company Limited stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Huazhong In-Vehicle Holdings Co Ltd stock to perform well in the short-term period.

Current score: 3.103 Buy Candidate Unchanged

Predicted Opening Price for Huazhong In-Vehicle Holdings Company Limited of Monday, May 20, 2024

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