Sage International Group Limited Stock Forecast

Big movements in Sage International Group Limited stock price on Friday moving 19.33% between high and low
(Updated on Jun 28, 2024)

8082.HK Signals & Forecast

The Sage International Group Limited 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$0.153. On a fall, the stock will find some support from the long-term average at approximately HK$0.0786. 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. 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. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -20.63%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Sage International Group Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0290 between high and low, or 19.33%. For the last week the stock has had daily average volatility of 43.21%.

Our recommended stop-loss: HK$0.142 (-5.60%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (8082.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Sage International Group Limited to open at HK$0.160, and during the day (based on 14 day Average True Range), to move between HK$0.124 and HK$0.176, which gives a possible trading interval of +/-HK$0.0257 (+/-17.12%) up or down from last closing price. If Sage International Group Limited takes out the full calculated possible swing range there will be an estimated 34.25% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.176, some HK$0.0260 (17.33%) from the current price of HK$0.150, our system finds the risk reward not very attractive.

Is Sage International Group 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 Sage International Group Limited stock to perform well in the short-term.

Current score: 4.007 Buy Candidate Unchanged

Predicted Opening Price for Sage International Group Limited of Tuesday, July 2, 2024

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