Future Data Group Limited Stock Forecast
Green day on Wednesday for Future Data Group Limited stock after gaining 2.06%
(Updated on Jun 26, 2024)
The Future Data Group Limited stock price gained 2.06% on the last trading day (Wednesday, 26th Jun 2024), rising from HK$0.485 to HK$0.495. During the last trading day the stock fluctuated 0% from a day low at HK$0.495 to a day high of HK$0.495. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -60 thousand shares and in total, 720 thousand shares were bought and sold for approximately HK$356.40 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Future Data Group Limited stock with a 90% probability to be traded between HK$0.439 and HK$0.549 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8229.HK Signals & Forecast
There are mixed signals in the stock today. The Future Data Group Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.502. On a fall, the stock will find some support from the short-term average at HK$0.492. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -8.33%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Future Data Group Limited stock
Future Data Group Limited finds support from accumulated volume at HK$0.490 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.82%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8229.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Future Data Group Limited to open at HK$0.495, and during the day (based on 14 day Average True Range), to move between HK$0.485 and HK$0.505, which gives a possible trading interval of +/-HK$0.0099 (+/-1.99%) up or down from last closing price. If Future Data Group Limited takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.500 (1.01%) than the support at HK$0.490 (1.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Future Data Group Limited stock A Buy?
Future Data Group Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.791 Sell Candidate Unchanged
Predicted Opening Price for Future Data Group Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$0.495 ( 0.00000000%) | HK$0.495 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8229.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.495 | 0.00000000% |
| R2 | 0.495 | 0.00000000% |
| R1 | 0.495 | 0.00000000% |
| Price | 0.495 | |
| S1 | 0.495 | 0.00000000% |
| S2 | 0.495 | 0.00000000% |
| S3 | 0.495 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.520 | 5.05% |
| R2 | 0.510 | 3.03% |
| R1 | 0.500 | 1.01% |
| Price | 0.495 | |
| S1 | 0.490 | -1.01% |
| S2 | 0.485 | -2.02% |
| S3 | 0.480 | -3.03% |
8229 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 17, 2019 | May 16, 2019 | Jun 06, 2019 | HK$0.0147 | 5.88% |
FAQ
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