Cool Link (Holdings) Limited Stock Forecast
Cool Link (Holdings) Limited stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on Jul 03, 2024)
The Cool Link (Holdings) Limited stock price gained 1.43% on the last trading day (Wednesday, 3rd Jul 2024), rising from HK$0.350 to HK$0.355. During the last trading day the stock fluctuated 9.09% from a day low at HK$0.330 to a day high of HK$0.360. The price has fallen in 5 of the last 10 days and is down by -19.32% for this period. Volume fell on the last day by -755 thousand shares and in total, 480 thousand shares were bought and sold for approximately HK$170.40 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 in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.349 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.70% during the next 3 months and, with a 90% probability hold a price between HK$0.326 and HK$0.537 at the end of this 3-month period.
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8491.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 1.43%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cool Link (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$0.383 and HK$0.456. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not.
Support, Risk & Stop-loss for Cool Link (Holdings) Limited stock
Cool Link (Holdings) Limited finds support from accumulated volume at HK$0.350 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0300 between high and low, or 9.09%. For the last week the stock has had daily average volatility of 12.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8491.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Cool Link (Holdings) Limited to open at HK$0.348, and during the day (based on 14 day Average True Range), to move between HK$0.321 and HK$0.389, which gives a possible trading interval of +/-HK$0.0340 (+/-9.57%) up or down from last closing price. If Cool Link (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 19.15% 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$0.350 (1.41%) than the resistance at HK$0.380 (7.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cool Link (Holdings) Limited stock A Buy?
Cool Link (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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.440 Sell Candidate Upgraded
Predicted Opening Price for Cool Link (Holdings) Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$0.348 ( 1.88%) | HK$0.355 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8491.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.378 | 6.57% |
| R2 | 0.367 | 3.34% |
| R1 | 0.360 | 1.35% |
| Price | 0.355 | |
| S1 | 0.337 | -5.11% |
| S2 | 0.330 | -7.10% |
| S3 | 0.318 | -10.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.440 | 23.94% |
| R2 | 0.425 | 19.72% |
| R1 | 0.380 | 7.04% |
| Price | 0.355 | |
| S1 | 0.350 | -1.41% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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