Pizu Group Holdings Limited Stock Forecast
Pizu Group Holdings Limited stock price down 2.78% on Friday
(Updated on May 03, 2024)
The Pizu Group Holdings Limited stock price fell by -2.78% on the last day (Friday, 3rd May 2024) from HK$0.360 to HK$0.350. During the last trading day the stock fluctuated 9.09% from a day low at HK$0.330 to a day high of HK$0.360. The price has been going up and down for this period, and there has been a -6.67% loss for the last 2 weeks. Volume has increased on the last day by 740 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 900 thousand shares were bought and sold for approximately HK$315.00 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.335 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.56% during the next 3 months and, with a 90% probability hold a price between HK$0.354 and HK$0.451 at the end of this 3-month period.
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8053.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Pizu Group Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.360 and HK$0.365. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -6.67%. 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). Pizu Group Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Pizu Group Holdings Limited stock
Pizu Group Holdings Limited finds support from accumulated volume at HK$0.345 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0300 between high and low, or 9.09%. For the last week, the stock has had daily average volatility of 4.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8053.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Pizu Group Holdings Limited to open at HK$0.347, and during the day (based on 14 day Average True Range), to move between HK$0.338 and HK$0.362, which gives a possible trading interval of +/-HK$0.0121 (+/-3.47%) 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 6.93% 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$0.345 (1.43%) than the resistance at HK$0.360 (2.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pizu Group Holdings Limited stock A Buy?
The Pizu Group Holdings Limited stock holds several negative signals and despite the positive trend, we believe Pizu Group Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.027 Sell Candidate Unchanged
Predicted Opening Price for Pizu Group Holdings Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$0.347 ( 0.95%) | HK$0.350 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8053.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.377 | 7.62 % | |
| R2 | 0.365 | 4.34 % | ||
| R1 | 0.358 | 2.32 % | ||
| Current price: | 0.350 | |||
| Support | S1 | 0.335 | -4.23 % | |
| S2 | 0.328 | -6.25 % | ||
| S3 | 0.317 | -9.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.375 | 7.14 % | |
| R2 | 0.370 | 5.71 % | ||
| R1 | 0.360 | 2.86 % | ||
| Current price | 0.350 | |||
| Support | S1 | 0.345 | -1.43% | |
| S2 | 0.340 | -2.86% | ||
| S3 | 0.330 | -5.71% |
8053 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | HK$0.0100 | 2.67% |
| 2 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | HK$0.0100 | 1.96% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | HK$0.0100 | 1.82% |
| 4 | Dec 17, 2020 | Dec 17, 2020 | Dec 17, 2020 | HK$0.0100 | 1.18% |
| 5 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | HK$0.0100 | 1.14% |
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