China Vanguard You Champion Holdings Ltd Stock Forecast
Green day on Friday for China Vanguard You Champion Holdings Ltd stock after gaining 2.61%
(Updated on May 31, 2024)
The China Vanguard You Champion Holdings Ltd stock price gained 2.61% on the last trading day (Friday, 31st May 2024), rising from HK$0.115 to HK$0.118. During the last trading day the stock fluctuated 0.85% from a day low at HK$0.117 to a day high of HK$0.118. The price has been going up and down for this period, and there has been a 22.92% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately HK$1.18 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.124 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.40% during the next 3 months and, with a 90% probability hold a price between HK$0.0706 and HK$0.107 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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8156.HK Signals & Forecast
The China Vanguard You Champion Holdings Ltd 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$0.114 and HK$0.109. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 31.11%. Further rise is indicated until a new top pivot has been found. China Vanguard You Champion Holdings Ltd 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 China Vanguard You Champion Holdings Ltd stock
China Vanguard You Champion Holdings Ltd finds support from accumulated volume at HK$0.116 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$0.0010 between high and low, or 0.85%. For the last week, the stock has had daily average volatility of 7.48%.
Our recommended stop-loss: HK$0.113 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (8156.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect China Vanguard You Champion Holdings Limited to open at HK$0.118, and during the day (based on 14 day Average True Range), to move between HK$0.112 and HK$0.124, which gives a possible trading interval of +/-HK$0.0056 (+/-4.78%) up or down from last closing price. If China Vanguard You Champion Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.56% 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$0.116 (1.69%) than the resistance at HK$0.121 (2.54%), 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 Vanguard You Champion Holdings Limited stock A Buy?
China Vanguard You Champion Holdings Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for China Vanguard You Champion Holdings Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$0.118 ( 0.282%) | HK$0.118 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8156.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.119 | 0.565 % | |
| R2 | 0.118 | 0.241 % | ||
| R1 | 0.118 | 0.0412 % | ||
| Current price: | 0.118 | |||
| Support | S1 | 0.117 | -0.606 % | |
| S2 | 0.117 | -0.81 % | ||
| S3 | 0.117 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.136 | 15.25 % | |
| R2 | 0.123 | 4.24 % | ||
| R1 | 0.121 | 2.54 % | ||
| Current price | 0.118 | |||
| Support | S1 | 0.116 | -1.69% | |
| S2 | 0.115 | -2.54% | ||
| S3 | 0.100 | -15.25% |
8156 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2006 | Apr 20, 2006 | May 04, 2006 | HK$0.0042 | 0.0050% |
| 2 | Sep 30, 2005 | Oct 21, 2005 | Nov 29, 2005 | HK$0.0125 | 0.0325% |
| 3 | Feb 07, 2005 | Apr 18, 2005 | May 04, 2005 | HK$0.0042 | 0.0219% |
| 4 | Sep 28, 2004 | Oct 21, 2004 | Nov 29, 2004 | HK$0.0108 | 0.0369% |
| 5 | Feb 13, 2004 | May 11, 2004 | May 21, 2004 | HK$0.0042 | 0.0230% |
FAQ
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