Sino-Life Group Limited Stock Forecast

Big movements in Sino-Life Group Limited stock price on Friday moving 20.25% between high and low
(Updated on May 17, 2024)

8296.HK Signals & Forecast

The Sino-Life Group Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.0923. On a fall, the stock will find some support from the long-term average at approximately HK$0.0725. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -11.00%. Further fall is indicated until a new bottom pivot has been found. Sino-Life Group Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Sino-Life Group Limited stock

Sino-Life Group Limited finds support from accumulated volume at HK$0.0870 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$0.0160 between high and low, or 20.25%. For the last week, the stock has had daily average volatility of 20.25%.

Our recommended stop-loss: HK$0.0847 (-4.84%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (8296.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Sino-Life Group Limited to open at HK$0.0877, and during the day (based on 14 day Average True Range), to move between HK$0.0778 and HK$0.100, which gives a possible trading interval of +/-HK$0.0112 (+/-12.59%) up or down from last closing price. If Sino-Life Group Limited takes out the full calculated possible swing range there will be an estimated 25.19% 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$0.0900 (1.12%) than the support at HK$0.0870 (2.25%), 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 Sino-Life Group Limited stock A Buy?

Sino-Life Group Limited 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: 0.011 Hold/Accumulate Unchanged

Predicted Opening Price for Sino-Life Group Limited of Monday, May 20, 2024

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