ISP Global Limited Stock Forecast
Big movements in ISP Global Limited stock price on Friday moving 11.11% between high and low
(Updated on May 03, 2024)
The ISP Global Limited stock price gained 0.513% on the last trading day (Friday, 3rd May 2024), rising from HK$0.195 to HK$0.196. During the last trading day the stock fluctuated 11.11% from a day low at HK$0.189 to a day high of HK$0.210. The price has risen in 4 of the last 10 days and is up by 3.16% over the past 2 weeks. Volume fell on the last day by -86 thousand shares and in total, 126 thousand shares were bought and sold for approximately HK$24.70 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.203 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.84% during the next 3 months and, with a 90% probability hold a price between HK$0.130 and HK$0.165 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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8487.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 8.89%. 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 ISP Global 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$0.207. On a fall, the stock will find some support from the short-term average at HK$0.193. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ISP Global Limited stock
ISP Global Limited finds support from accumulated volume at HK$0.195 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0210 between high and low, or 11.11%. For the last week the stock has had daily average volatility of 11.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8487.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ISP Global Limited to open at HK$0.198, and during the day (based on 14 day Average True Range), to move between HK$0.180 and HK$0.212, which gives a possible trading interval of +/-HK$0.0157 (+/-7.99%) up or down from last closing price. If ISP Global Limited takes out the full calculated possible swing range there will be an estimated 15.98% 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$0.195 (0.51%) than the resistance at HK$0.213 (8.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
ISP Global Limited will release earnings BMO on Sunday, May 12, 2024. We will update the financials statements for ISP Global Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.60% in the first trading day after earnings release.
Is ISP Global Limited stock A Buy?
ISP Global 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: -2.987 Sell Candidate Unchanged
Predicted Opening Price for ISP Global Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$0.198 ( 1.19%) | HK$0.196 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8487.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.219 | 11.90 % | |
| R2 | 0.211 | 7.81 % | ||
| R1 | 0.206 | 5.28 % | ||
| Current price: | 0.196 | |||
| Support | S1 | 0.190 | -2.90 % | |
| S2 | 0.185 | -5.43 % | ||
| S3 | 0.177 | -9.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.240 | 22.45 % | |
| R2 | 0.230 | 17.35 % | ||
| R1 | 0.213 | 8.67 % | ||
| Current price | 0.196 | |||
| Support | S1 | 0.195 | -0.510% | |
| S2 | 0.193 | -1.53% | ||
| S3 | 0.189 | -3.57% |
FAQ
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