China Youzan Limited Stock Forecast

Big movements in China Youzan Limited stock price on Tuesday moving 14.71% between high and low
(Updated on Apr 23, 2024)

8083.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.80%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Youzan Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.0814. On a fall, the stock will find some support from the short-term average at HK$0.0721. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for China Youzan Limited stock

China Youzan Limited finds support from accumulated volume at HK$0.0700 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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$0.0100 between high and low, or 14.71%. For the last week, the stock has had daily average volatility of 7.88%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (8083.HK) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect China Youzan Limited to open at HK$0.0730, and during the day (based on 14 day Average True Range), to move between HK$0.0682 and HK$0.0778, which gives a possible trading interval of +/-HK$0.0048 (+/-6.51%) up or down from last closing price. If China Youzan Limited takes out the full calculated possible swing range there will be an estimated 13.02% 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$0.0700 (4.11%) than the resistance at HK$0.0800 (9.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is China Youzan Limited stock A Buy?

China Youzan Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.456 Sell Candidate Unchanged

Predicted Opening Price for China Youzan Limited of Wednesday, April 24, 2024

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