Grand Talents Group Holdings Limited Stock Forecast
Grand Talents Group Holdings Limited stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
No changes to the price of Grand Talents Group Holdings Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.106 to a day high of HK$0.106. The price has been going up and down for this period, and there has been a -5.36% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.60% during the next 3 months and, with a 90% probability hold a price between HK$0.0703 and HK$0.0987 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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8516.HK Signals & Forecast
The Grand Talents Group Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.106 and HK$0.106. 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 Thursday, May 16, 2024, and so far it has fallen 0%. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Grand Talents Group Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.100 and HK$0.0970. 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, Grand Talents Group Holdings Limited finds support just below today's level at HK$0.100. If this is broken, then the next support from accumulated volume will be at HK$0.0970 and HK$0.0920.
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 5.83%
Our recommended stop-loss: HK$0.101 (-4.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (8516.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Grand Talents Group Holdings Limited to open at HK$0.106, and during the day (based on 14 day Average True Range), to move between HK$0.0996 and HK$0.112, which gives a possible trading interval of +/-HK$0.0064 (+/-6.04%) up or down from last closing price. If Grand Talents Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.09% 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$0.111 (4.72%) than the support at HK$0.100 (5.66%), 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 Grand Talents Group Holdings Limited stock A Buy?
Grand Talents Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Grand Talents Group Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.106 ( 0%) | HK$0.106 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8516.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.106 | . | |
| R2 | 0.106 | . | ||
| R1 | 0.106 | . | ||
| Current price: | 0.106 | |||
| Support | S1 | 0.106 | . | |
| S2 | 0.106 | . | ||
| S3 | 0.106 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.114 | 7.55 % | |
| R2 | 0.113 | 6.60 % | ||
| R1 | 0.111 | 4.72 % | ||
| Current price | 0.106 | |||
| Support | S1 | 0.100 | -5.66% | |
| S2 | 0.0970 | -8.49% | ||
| S3 | 0.0920 | -13.21% |
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