In Technical Productions Holdings Ltd Stock Forecast

Red day on Friday for In Technical Productions Holdings Ltd
(Updated on May 31, 2024)

8446.HK Signals & Forecast

The In Technical Productions Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.297 and HK$0.248. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -34.07%. 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 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".

Support, Risk & Stop-loss for In Technical Productions Holdings Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.260 and HK$0.240. 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, In Technical Productions Holdings Ltd finds support just below today's level at HK$0.260. If this is broken, then the next support from accumulated volume will be at HK$0.240 and HK$0.239.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0150 between high and low, or 5.17%. For the last week the stock has had daily average volatility of 5.57%.

Our recommended stop-loss: HK$0.281 (-6.18%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (8446.HK) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect In Technical Productions Holdings Limited to open at HK$0.298, and during the day (based on 14 day Average True Range), to move between HK$0.263 and HK$0.337, which gives a possible trading interval of +/-HK$0.0372 (+/-12.41%) up or down from last closing price. If In Technical Productions Holdings Limited takes out the full calculated possible swing range there will be an estimated 24.83% 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$0.310 (3.33%) than the support at HK$0.260 (13.33%), 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 In Technical Productions Holdings Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for In Technical Productions Holdings Ltd stock to perform well in the short-term.

Current score: 2.264 Buy Candidate Unchanged

Predicted Opening Price for In Technical Productions Holdings Limited of Monday, June 3, 2024

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