Tenfu (Cayman) Holdings Company Limited Stock Forecast
Tenfu (Cayman) Holdings Company Limited stock upgraded to Buy Candidate.
(Updated on May 24, 2024)
The Tenfu (Cayman) Holdings Company Limited stock price gained 4.04% on the last trading day (Friday, 24th May 2024), rising from HK$4.45 to HK$4.63. During the last trading day the stock fluctuated 0% from a day low at HK$4.63 to a day high of HK$4.63. The price has been going up and down for this period, and there has been a 1.76% gain for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 1 thousand shares were bought and sold for approximately HK$4.63 thousand. 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.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$4.72 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.91% during the next 3 months and, with a 90% probability hold a price between HK$4.89 and HK$5.56 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6868.HK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -0.86%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Tenfu (Cayman) Holdings Company 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$4.59 and HK$4.47. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Tenfu (Cayman) Holdings Company Limited stock
Tenfu (Cayman) Holdings Company Limited finds support from accumulated volume at HK$4.60 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.81%
Our recommended stop-loss: HK$4.45 (-3.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (6868.HK) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Tenfu (Cayman) Holdings Company Limited to open at HK$4.63, and during the day (based on 14 day Average True Range), to move between HK$4.56 and HK$4.70, which gives a possible trading interval of +/-HK$0.0719 (+/-1.55%) up or down from last closing price. If Tenfu (Cayman) Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 3.11% 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$4.60 (0.65%) than the resistance at HK$4.67 (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 Tenfu (Cayman) Holdings Company Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tenfu (Cayman) Holdings Company Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 2.018 Buy Candidate Upgraded
Predicted Opening Price for Tenfu (Cayman) Holdings Company Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| HK$4.63 ( 0%) | HK$4.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6868.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.63 | . | |
| R2 | 4.63 | . | ||
| R1 | 4.63 | . | ||
| Current price: | 4.63 | |||
| Support | S1 | 4.63 | . | |
| S2 | 4.63 | . | ||
| S3 | 4.63 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 4.67 | 0.86 % | ||
| Current price | 4.63 | |||
| Support | S1 | 4.60 | -0.648% | |
| S2 | 4.26 | -7.99% | ||
| S3 | 3.65 | -21.17% |
6868 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 29, 2024 | HK$0.120 | 2.59% |
| 2 | Sep 04, 2023 | Sep 04, 2023 | Sep 04, 2023 | HK$0.0500 | 1.09% |
| 3 | May 19, 2023 | May 19, 2023 | May 19, 2023 | HK$0.130 | 2.79% |
| 4 | Aug 31, 2022 | Aug 31, 2022 | Aug 31, 2022 | HK$0.0400 | 0.80% |
| 5 | May 20, 2022 | May 20, 2022 | May 20, 2022 | HK$0.230 | 4.42% |
FAQ
Click here for our free guide on how to buy Tenfu (Cayman) Holdings Company Limited Stock.
