Jimu Group Limited Stock Forecast

Jimu Group Limited stock upgraded to Hold/Accumulate.
(Updated on May 07, 2024)

8187.HK Signals & Forecast

There are few to no technical positive signals at the moment. 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$0.82 and HK$1.09. 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 -46.15%. 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 Jimu Group Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0300 between high and low, or 3.90%. For the last week the stock has had daily average volatility of 12.11%.

Jimu Group Limited is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: HK$0.718 (-6.72%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 14 which reduces the risk some. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (8187.HK) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Jimu Group Limited to open at HK$0.780, and during the day (based on 14 day Average True Range), to move between HK$0.651 and HK$0.89, which gives a possible trading interval of +/-HK$0.119 (+/-15.40%) up or down from last closing price. If Jimu Group Limited takes out the full calculated possible swing range there will be an estimated 30.81% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.80, some HK$0.0300 (3.90%) from the current price of HK$0.770, our system finds the risk reward not very attractive.

Is Jimu Group Limited stock A Buy?

Jimu Group Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.450 Hold/Accumulate Upgraded

Predicted Opening Price for Jimu Group Limited of Wednesday, May 8, 2024

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