Pizu Group Holdings Limited Stock Forecast

Pizu Group Holdings Limited stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 23, 2024)

8053.HK Signals & Forecast

The Pizu Group Holdings 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$0.367 and HK$0.365. A breakdown below any of these levels will issue sell signals. 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". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -1.33%. 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).

Support, Risk & Stop-loss for Pizu Group Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.350 and HK$0.345. 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, Pizu Group Holdings Limited finds support just below today's level at HK$0.350. If this is broken, then the next support from accumulated volume will be at HK$0.345 and HK$0.340.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. 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 0.267%.

Our recommended stop-loss: HK$0.353 (-4.52%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (8053.HK) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Pizu Group Holdings Limited to open at HK$0.370, and during the day (based on 14 day Average True Range), to move between HK$0.358 and HK$0.382, which gives a possible trading interval of +/-HK$0.0124 (+/-3.36%) up or down from last closing price. If Pizu Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.73% 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$0.375 (1.35%) than the support at HK$0.350 (5.41%), 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 Pizu Group Holdings Limited stock A Buy?

Pizu Group Holdings Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.393 Hold/Accumulate Upgraded

Predicted Opening Price for Pizu Group Holdings Limited of Wednesday, April 24, 2024

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