Tree Holdings Limited Stock Forecast

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

8395.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.47%. 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). 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 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$0.729. On a fall, the stock will find some support from the short-term average at HK$0.689. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 3.00%

Tree Holdings Limited is oversold on RSI14 (12). 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$0.645 (-6.47%) (This stock has low daily movements and this gives low risk. Low RSI14 is 12 which reduces the risk some. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (8395.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd 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$0.652 and HK$0.728, which gives a possible trading interval of +/-HK$0.0383 (+/-5.55%) up or down from last closing price. If Tree Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.11% 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 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: 0.000 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 Tree Holdings Limited of Tuesday, July 2, 2024

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