Jimu Group Limited Stock Forecast
Volatile ride for Jimu Group Limited stock price on Friday moving between HK$0.770 and HK$0.89
(Updated on Apr 26, 2024)
The Jimu Group Limited stock price gained 2.53% on the last trading day (Friday, 26th Apr 2024), rising from HK$0.790 to HK$0.81. During the last trading day the stock fluctuated 15.58% from a day low at HK$0.770 to a day high of HK$0.89. The price has fallen in 7 of the last 10 days and is down by -37.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately HK$7.42 million.
Given the current short-term trend, the stock is expected to rise 241.96% during the next 3 months and, with a 90% probability hold a price between HK$2.77 and HK$6.14 at the end of this 3-month period.
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8187.HK Signals & Forecast
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 Jimu Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.89 and HK$1.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -43.36%. 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).
Support, Risk & Stop-loss for Jimu Group Limited stock
Jimu Group Limited finds support from accumulated volume at HK$0.80 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.120 between high and low, or 15.58%. For the last week, the stock has had daily average volatility of 15.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8187.HK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Jimu Group Limited to open at HK$0.82, and during the day (based on 14 day Average True Range), to move between HK$0.670 and HK$0.95, which gives a possible trading interval of +/-HK$0.140 (+/-17.23%) up or down from last closing price. If Jimu Group Limited takes out the full calculated possible swing range there will be an estimated 34.45% 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$0.80 (1.23%) than the resistance at HK$0.90 (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..
Is Jimu Group Limited stock A Buy?
The Jimu Group Limited stock holds several negative signals and despite the positive trend, we believe Jimu Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.196 Sell Candidate Unchanged
Predicted Opening Price for Jimu Group Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| HK$0.82 ( 1.65%) | HK$0.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8187.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.94 | 16.46 % | |
| R2 | 0.90 | 10.80 % | ||
| R1 | 0.87 | 7.31 % | ||
| Current price: | 0.81 | |||
| Support | S1 | 0.777 | -4.01 % | |
| S2 | 0.749 | -7.51 % | ||
| S3 | 0.703 | -13.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.99 | 22.22 % | |
| R2 | 0.93 | 14.81 % | ||
| R1 | 0.90 | 11.11 % | ||
| Current price | 0.81 | |||
| Support | S1 | 0.80 | -1.23% | |
| S2 | 0.790 | -2.47% | ||
| S3 | 0 | . |
FAQ
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