Hanvey Group Holdings Limited Stock Forecast
Red day on Monday for Hanvey Group Holdings Limited stock after losing 0%
(Updated on Jun 17, 2024)
No changes to the price of Hanvey Group Holdings Limited stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.246 to a day high of HK$0.246. The price has been going up and down for this period, and there has been a -3.53% loss for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.224 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.18% during the next 3 months and, with a 90% probability hold a price between HK$0.174 and HK$0.261 at the end of this 3-month period.
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8219.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hanvey Group Holdings 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$0.247 and HK$0.282. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hanvey Group Holdings 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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0%
Our recommended stop-loss: HK$0.231 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (8219.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Hanvey Group Holdings Limited to open at HK$0.246, and during the day (based on 14 day Average True Range), to move between HK$0.238 and HK$0.254, which gives a possible trading interval of +/-HK$0.0078 (+/-3.17%) up or down from last closing price. If Hanvey Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.34% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.295, some HK$0.0490 (19.92%) from the current price of HK$0.246, our system finds the risk reward not very attractive.
Is Hanvey Group Holdings Limited stock A Buy?
Hanvey Group Holdings 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.
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 Hanvey Group Holdings Limited of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
HK$0.246 ( 0%) | HK$0.246 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8219.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.246 | - |
R2 | 0.246 | - |
R1 | 0.246 | - |
Price | 0.246 | |
S1 | 0.246 | - |
S2 | 0.246 | - |
S3 | 0.246 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.305 | 23.98% |
R2 | 0.300 | 21.95% |
R1 | 0.295 | 19.92% |
Price | 0.246 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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