Finsoft Financial Investment Holdings Stock Forecast

High volatility in Finsoft Financial Investment Holdings stock price on Wednesday which ended trading at HK$0.0680
(Updated on May 22, 2024)

8018.HK Signals & Forecast

The Finsoft Financial Investment Holdings 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$0.0699. On a fall, the stock will find some support from the long-term average at approximately HK$0.0669. 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 Friday, April 26, 2024, and so far it has risen 23.64%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".

Support, Risk & Stop-loss for Finsoft Financial Investment Holdings stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0600 and HK$0.0590. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Finsoft Financial Investment Holdings finds support just below today's level at HK$0.0600. If this is broken, then the next support from accumulated volume will be at HK$0.0590 and HK$0.0580.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0070 between high and low, or 11.29%. For the last week, the stock has had daily average volatility of 12.35%.

Our recommended stop-loss: HK$0.0655 (-3.70%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 52 days ago.)

Trading Expectations (8018.HK) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Finsoft Financial Investment Holdings Limited to open at HK$0.0663, and during the day (based on 14 day Average True Range), to move between HK$0.0611 and HK$0.0749, which gives a possible trading interval of +/-HK$0.0069 (+/-10.12%) up or down from last closing price. If Finsoft Financial Investment Holdings Limited takes out the full calculated possible swing range there will be an estimated 20.24% 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$0.0760 (11.76%) than the support at HK$0.0600 (11.76%), 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 Finsoft Financial Investment Holdings Limited stock A Buy?

Finsoft Financial Investment Holdings 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: -0.468 Hold/Accumulate Unchanged

Predicted Opening Price for Finsoft Financial Investment Holdings Limited of Thursday, May 23, 2024

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