Amuse Group Holding Limited Stock Forecast

Amuse Group Holding Limited stock downgraded to Hold/Accumulate
(Updated on Apr 18, 2024)

8545.HK Signals & Forecast

The Amuse Group Holding 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$0.0329 and HK$0.0316. A breakdown below any of these levels will issue sell signals. Amuse Group Holding Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Friday, April 12, 2024, and so far it has fallen -2.94%. 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).

Support, Risk & Stop-loss for Amuse Group Holding Limited stock

Amuse Group Holding Limited finds support from accumulated volume at HK$0.0320 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0 (0%) between high and low. For the last week, the stock has had daily average volatility of 1.23%.

Our recommended stop-loss: HK$0.0314 (-4.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (8545.HK) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Amuse Group Holding Limited to open at HK$0.0330, and during the day (based on 14 day Average True Range), to move between HK$0.0320 and HK$0.0340, which gives a possible trading interval of +/-HK$0.0010 (+/-3.15%) up or down from last closing price. If Amuse Group Holding Limited takes out the full calculated possible swing range there will be an estimated 6.30% 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$0.0340 (3.03%) than the support at HK$0.0320 (3.03%), 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 Amuse Group Holding Limited stock A Buy?

Amuse Group Holding 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

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 Amuse Group Holding Limited of Friday, April 19, 2024

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