Aurum Pacific (China) Group Limited Stock Forecast
Big movements in Aurum Pacific (China) Group Limited stock price on Wednesday moving 35.00% between high and low
(Updated on Jun 19, 2024)
The Aurum Pacific (China) Group Limited stock price gained 9.09% on the last trading day (Wednesday, 19th Jun 2024), rising from HK$0.0220 to HK$0.0240. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 35.00% from a day low at HK$0.0200 to a day high of HK$0.0270. The price has risen in 4 of the last 10 days and is up by 20% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately HK$58.08 thousand.
Given the current short-term trend, the stock is expected to fall -2.95% during the next 3 months and, with a 90% probability hold a price between HK$0.0151 and HK$0.0233 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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8148.HK Signals & Forecast
The Aurum Pacific (China) Group 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$0.0204 and HK$0.0191. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 50.00%. Further rise is indicated until a new top pivot has been found. Aurum Pacific (China) Group Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Aurum Pacific (China) Group Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0220 and HK$0.0200. 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, Aurum Pacific (China) Group Limited finds support just below today's level at HK$0.0220. If this is broken, then the next support from accumulated volume will be at HK$0.0200 and HK$0.0190.
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 35.00%. For the last week, the stock has had daily average volatility of 19.22%.
Our recommended stop-loss: HK$0.0231 (-3.62%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (8148.HK) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Aurum Pacific (China) Group Limited to open at HK$0.0237, and during the day (based on 14 day Average True Range), to move between HK$0.0220 and HK$0.0260, which gives a possible trading interval of +/-HK$0.0020 (+/-8.54%) up or down from last closing price. If Aurum Pacific (China) Group Limited takes out the full calculated possible swing range there will be an estimated 17.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.0220, some HK$0.0020 (8.33%) from the current price of HK$0.0240, our system finds the risk reward attractive.
Is Aurum Pacific (China) Group Limited stock A Buy?
Aurum Pacific (China) Group Limited holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Aurum Pacific (China) Group Limited stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.149 Strong Buy Candidate Upgraded
Predicted Opening Price for Aurum Pacific (China) Group Limited of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| HK$0.0237 ( 1.39%) | HK$0.0240 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8148.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0307 | 27.78% |
| R2 | 0.0280 | 16.64% |
| R1 | 0.0263 | 9.75% |
| Price | 0.0240 | |
| S1 | 0.0210 | -12.53% |
| S2 | 0.0193 | -19.41% |
| S3 | 0.0167 | -30.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0240 | |
| S1 | 0.0220 | -8.33% |
| S2 | 0.0200 | -16.67% |
| S3 | 0.0190 | -20.83% |
FAQ
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