Jia Group Holdings limited Stock Forecast
High volatility in Jia Group Holdings limited stock price on Tuesday which ended trading at HK$0.480
(Updated on Apr 23, 2024)
The Jia Group Holdings limited stock price fell by -15.79% on the last day (Tuesday, 23rd Apr 2024) from HK$0.570 to HK$0.480. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 14.58% from a day low at HK$0.480 to a day high of HK$0.550. The price has fallen in 7 of the last 10 days and is down by -25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -165 thousand shares and in total, 465 thousand shares were bought and sold for approximately HK$223.20 thousand.
Given the current short-term trend, the stock is expected to rise 252.82% during the next 3 months and, with a 90% probability hold a price between HK$1.69 and HK$4.03 at the end of this 3-month period.
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8519.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Jia Group 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$0.593 and HK$0.609. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -53.40%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Jia Group Holdings limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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$0.0700 between high and low, or 14.58%. For the last week the stock has had daily average volatility of 11.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8519.HK) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Jia Group Holdings limited to open at HK$0.503, and during the day (based on 14 day Average True Range), to move between HK$0.402 and HK$0.558, which gives a possible trading interval of +/-HK$0.0784 (+/-16.33%) up or down from last closing price. If Jia Group Holdings limited takes out the full calculated possible swing range there will be an estimated 32.65% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.495, some HK$0.0150 (3.13%) from the current price of HK$0.480, our system finds the risk reward not very attractive.
Is Jia Group Holdings limited stock A Buy?
The Jia Group Holdings limited stock holds several negative signals and despite the positive trend, we believe Jia Group Holdings limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.375 Sell Candidate Unchanged
Predicted Opening Price for Jia Group Holdings limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| HK$0.503 ( 4.86%) | HK$0.480 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8519.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.573 | 19.44 % | |
| R2 | 0.547 | 13.87 % | ||
| R1 | 0.530 | 10.43 % | ||
| Current price: | 0.480 | |||
| Support | S1 | 0.477 | -0.710 % | |
| S2 | 0.460 | -4.15 % | ||
| S3 | 0.433 | -9.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.580 | 20.83 % | |
| R2 | 0.500 | 4.17 % | ||
| R1 | 0.495 | 3.13 % | ||
| Current price | 0.480 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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