Hyfusin Group Holdings Limited Stock Forecast

Red day on Friday for Hyfusin Group Holdings Limited
(Updated on May 03, 2024)

8512.HK Signals & Forecast

The Hyfusin Group Holdings Limited 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$0.285 and HK$0.257. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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". 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 Monday, April 29, 2024, and so far it has fallen -4.76%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Hyfusin Group Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.270 and HK$0.260. 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, Hyfusin Group Holdings Limited finds support just below today's level at HK$0.270. If this is broken, then the next support from accumulated volume will be at HK$0.260 and HK$0.245.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0200 between high and low, or 6.90%. For the last week, the stock has had daily average volatility of 9.03%.

Our recommended stop-loss: HK$0.284 (-5.34%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (8512.HK) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Hyfusin Group Holdings Limited to open at HK$0.300, and during the day (based on 14 day Average True Range), to move between HK$0.283 and HK$0.317, which gives a possible trading interval of +/-HK$0.0174 (+/-5.81%) up or down from last closing price. If Hyfusin Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.62% 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$0.315 (5.00%) than the support at HK$0.270 (10.00%), 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 Hyfusin Group 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 Hyfusin Group Holdings Limited stock to perform well in the short-term.

Current score: 1.861 Buy Candidate Unchanged

Predicted Opening Price for Hyfusin Group Holdings Limited of Monday, May 6, 2024

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