Aurum Pacific (China) Group Limited Stock Forecast
Aurum Pacific (China) Group Limited stock price took a fall of -10.00% on Friday
(Updated on Jun 14, 2024)
The Aurum Pacific (China) Group Limited stock price fell by -10.00% on the last day (Friday, 14th Jun 2024) from HK$0.0200 to HK$0.0180. During the last trading day the stock fluctuated 0% from a day low at HK$0.0180 to a day high of HK$0.0180. The price has been going up and down for this period, and there has been a -5.26% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 210 thousand shares were bought and sold for approximately HK$3.78 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.32% during the next 3 months and, with a 90% probability hold a price between HK$0.0137 and HK$0.0207 at the end of this 3-month period.
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8148.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Aurum Pacific (China) Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.0194 and HK$0.0188. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -21.74%. 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). 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. The very low volume increases the risk and reduces the other technical signals issued.
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$0.0170 and HK$0.0160. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$0.0160 may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". 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 4.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8148.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Aurum Pacific (China) Group Limited to open at HK$0.0180, and during the day (based on 14 day Average True Range), to move between HK$0.0168 and HK$0.0192, which gives a possible trading interval of +/-HK$0.0012 (+/-6.67%) 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 13.34% 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$0.0170 (5.56%) than the resistance at HK$0.0200 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Aurum Pacific (China) Group Limited will release earnings BMO on Monday, June 17, 2024. We will update the financials statements for Aurum Pacific (China) Group Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.75% in the first trading day after earnings release.
Is Aurum Pacific (China) Group Limited stock A Buy?
Aurum Pacific (China) Group Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.218 Strong Sell Candidate Downgraded
Predicted Opening Price for Aurum Pacific (China) Group Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.0180 ( 0%) | HK$0.0180 |
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 | 0.0180 | - |
| R2 | 0.0180 | - |
| R1 | 0.0180 | - |
| Price | 0.0180 | |
| S1 | 0.0180 | - |
| S2 | 0.0180 | - |
| S3 | 0.0180 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0220 | 22.22% |
| R2 | 0.0210 | 16.67% |
| R1 | 0.0200 | 11.11% |
| Price | 0.0180 | |
| S1 | 0.0170 | -5.56% |
| S2 | 0.0160 | -11.11% |
| S3 | 0 | - |
FAQ
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