Gudou Holdings Limited Stock Forecast

Red day on Friday for Gudou Holdings Limited stock after losing 2.91%
(Updated on Jun 28, 2024)

8308.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Gudou 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$0.115 and HK$0.194. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -64.91%. 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). Gudou Holdings 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 Gudou 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.

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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 3.07%.

Gudou Holdings Limited is oversold on RSI14 (7). 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$0.0941 (-5.86%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 7 which reduces the risk some. There is a sell signal from a pivot top found 221 days ago.)

Trading Expectations (8308.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Gudou Holdings Limited to open at HK$0.100, and during the day (based on 14 day Average True Range), to move between HK$0.0806 and HK$0.119, which gives a possible trading interval of +/-HK$0.0194 (+/-19.36%) up or down from last closing price. If Gudou Holdings Limited takes out the full calculated possible swing range there will be an estimated 38.72% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.103, some HK$0.0030 (3.00%) from the current price of HK$0.100, our system finds the risk reward not very attractive.

Is Gudou Holdings Limited stock A Buy?

Gudou 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 Gudou Holdings Limited of Tuesday, July 2, 2024

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