Grand T G Gold Holdings Limited Stock Forecast
Green day on Tuesday for Grand T G Gold Holdings Limited stock after gaining 3.75%
(Updated on Jun 18, 2024)
The Grand T G Gold Holdings Limited stock price gained 3.75% on the last trading day (Tuesday, 18th Jun 2024), rising from HK$0.160 to HK$0.166. During the last trading day the stock fluctuated 9.62% from a day low at HK$0.156 to a day high of HK$0.171. The price has been going up and down for this period, and there has been a -2.35% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 million more shares were traded than the day before. In total, 62 million shares were bought and sold for approximately HK$10.29 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.29% during the next 3 months and, with a 90% probability hold a price between HK$0.158 and HK$0.214 at the end of this 3-month period.
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8299.HK Signals & Forecast
There are mixed signals in the stock today. The Grand T G Gold Holdings 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$0.177. On a fall, the stock will find some support from the short-term average at HK$0.164. 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 Friday, June 14, 2024, and so far it has fallen -3.49%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Grand T G Gold Holdings Limited stock
Grand T G Gold Holdings Limited finds support from accumulated volume at HK$0.164 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0150 between high and low, or 9.62%. For the last week, the stock has had daily average volatility of 10.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8299.HK) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Grand T G Gold Holdings Limited to open at HK$0.164, and during the day (based on 14 day Average True Range), to move between HK$0.153 and HK$0.179, which gives a possible trading interval of +/-HK$0.0132 (+/-7.93%) up or down from last closing price. If Grand T G Gold Holdings Limited takes out the full calculated possible swing range there will be an estimated 15.87% 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$0.167 (0.60%) than the support at HK$0.164 (1.20%), 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 Grand T G Gold Holdings Limited stock A Buy?
Grand T G Gold Holdings 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: -1.164 Sell Candidate Unchanged
Predicted Opening Price for Grand T G Gold Holdings Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| HK$0.164 ( 1.00%) | HK$0.166 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8299.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.179 | 8.03% |
| R2 | 0.174 | 4.58% |
| R1 | 0.170 | 2.45% |
| Price | 0.166 | |
| S1 | 0.159 | -4.46% |
| S2 | 0.155 | -6.59% |
| S3 | 0.149 | -10.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.176 | 6.02% |
| R2 | 0.168 | 1.20% |
| R1 | 0.167 | 0.602% |
| Price | 0.166 | |
| S1 | 0.164 | -1.20% |
| S2 | 0.160 | -3.61% |
| S3 | 0.159 | -4.22% |
8299 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2007 | Jul 20, 2007 | Aug 06, 2007 | HK$0.0167 | 0.331% |
| 2 | Jun 27, 2006 | Jul 20, 2006 | Aug 03, 2006 | HK$0.0386 | 1.73% |
| 3 | Jun 23, 2005 | Jul 21, 2005 | Aug 03, 2005 | HK$0.0193 | 1.14% |
| 4 | Nov 12, 2004 | Dec 01, 2004 | Dec 01, 2004 | HK$0.0064 | 0.487% |
FAQ
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