Tree Holdings Limited Stock Forecast

Tree Holdings Limited stock downgraded to Sell Candidate
(Updated on Jun 20, 2024)

8395.HK Signals & Forecast

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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tree 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$0.691 and HK$0.720. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -29.59%. 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).

Support, Risk & Stop-loss for Tree Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.650 and HK$0.600. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tree Holdings Limited finds support just below today's level at HK$0.650. If this is broken, then the next support from accumulated volume will be at HK$0.600 and HK$0.550.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. 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 0.294%.

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

Trading Expectations (8395.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Tree Holdings Limited to open at HK$0.690, and during the day (based on 14 day Average True Range), to move between HK$0.649 and HK$0.731, which gives a possible trading interval of +/-HK$0.0412 (+/-5.97%) up or down from last closing price. If Tree Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at HK$0.650 (5.80%) than the resistance at HK$0.730 (5.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tree Holdings Limited stock A Buy?

Tree Holdings Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.808 Sell Candidate Downgraded

Predicted Opening Price for Tree Holdings Limited of Friday, June 21, 2024

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