JLogo Holdings Limited Stock Forecast
Volatile ride for JLogo Holdings Limited stock price on Thursday moving between HK$0.250 and HK$0.275
(Updated on May 09, 2024)
The JLogo Holdings Limited stock price fell by -9.09% on the last day (Thursday, 9th May 2024) from HK$0.275 to HK$0.250. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 10.00% from a day low at HK$0.250 to a day high of HK$0.275. The price has fallen in 7 of the last 10 days and is down by -33.33% 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 -335 thousand shares and in total, 170 thousand shares were bought and sold for approximately HK$42.50 thousand.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (HK$0.308) are considered to be a "second chance" to get out. According to the fan-theory HK$0.260 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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8527.HK Signals & Forecast
There are few to no technical positive signals at the moment. The JLogo 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$0.297 and HK$0.366. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -33.33%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for JLogo 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 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$0.0250 between high and low, or 10.00%. For the last week the stock has had daily average volatility of 4.74%.
JLogo Holdings Limited is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8527.HK) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect JLogo Holdings Limited to open at HK$0.258, and during the day (based on 14 day Average True Range), to move between HK$0.223 and HK$0.277, which gives a possible trading interval of +/-HK$0.0274 (+/-10.95%) up or down from last closing price. If JLogo Holdings Limited takes out the full calculated possible swing range there will be an estimated 21.91% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.275, some HK$0.0250 (10.00%) from the current price of HK$0.250, our system finds the risk reward not very attractive.
Earnings coming up
JLogo Holdings Limited will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for JLogo Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.17% in the first trading day after earnings release.
Is JLogo Holdings Limited stock A Buy?
JLogo Holdings Limited holds several negative signals and is within a 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.
Current score: -8.625 Strong Sell Candidate Unchanged
Predicted Opening Price for JLogo Holdings Limited of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| HK$0.258 ( 3.33%) | HK$0.250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8527.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.283 | 13.33 % | |
| R2 | 0.274 | 9.51 % | ||
| R1 | 0.268 | 7.15 % | ||
| Current price: | 0.250 | |||
| Support | S1 | 0.249 | -0.487 % | |
| S2 | 0.243 | -2.85 % | ||
| S3 | 0.233 | -6.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.300 | 20.00 % | |
| R2 | 0.295 | 18.00 % | ||
| R1 | 0.275 | 10.00 % | ||
| Current price | 0.250 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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