VBG International Holdings Limited Stock Forecast

Red day on Friday for VBG International Holdings Limited stock after losing 0%
(Updated on Jun 28, 2024)

8365.HK Signals & Forecast

There are mixed signals in the stock today. The VBG International 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$0.526 and HK$0.632. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for VBG International 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 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$0.0300 between high and low, or 6.00%. For the last week, the stock has had daily average volatility of 1.20%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (8365.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect VBG International Holdings Limited to open at HK$0.510, and during the day (based on 14 day Average True Range), to move between HK$0.471 and HK$0.529, which gives a possible trading interval of +/-HK$0.0291 (+/-5.81%) up or down from last closing price. If VBG International Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.63% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.520, some HK$0.0200 (4.00%) from the current price of HK$0.500, our system finds the risk reward not very attractive.

Is VBG International Holdings Limited stock A Buy?

VBG International 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: -5.536 Strong Sell Candidate Unchanged

Predicted Opening Price for VBG International Holdings Limited of Tuesday, July 2, 2024

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