FingerTango Inc. Stock Forecast

Red day on Friday for FingerTango Inc.
(Updated on May 17, 2024)

6860.HK Signals & Forecast

The FingerTango Inc. 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$0.0829. On a fall, the stock will find some support from the long-term average at approximately HK$0.0816. 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, April 22, 2024, and so far it has risen 9.33%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for FingerTango Inc. stock

FingerTango Inc. finds support from accumulated volume at HK$0.0810 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0060 between high and low, or 7.59%. For the last week the stock has had daily average volatility of 10.26%.

Our recommended stop-loss: HK$0.0776 (-5.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (6860.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect FingerTango Inc. to open at HK$0.0820, and during the day (based on 14 day Average True Range), to move between HK$0.0756 and HK$0.0884, which gives a possible trading interval of +/-HK$0.0064 (+/-7.75%) up or down from last closing price. If FingerTango Inc. takes out the full calculated possible swing range there will be an estimated 15.50% 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$0.0830 (1.22%) than the support at HK$0.0810 (1.22%), 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.

Is FingerTango Inc. stock A Buy?

FingerTango Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.685 Hold/Accumulate Unchanged

Predicted Opening Price for FingerTango Inc. of Monday, May 20, 2024

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