Amuse Group Holding Limited Stock Forecast

Red day on Tuesday for Amuse Group Holding Limited stock after losing 0%
(Updated on Apr 30, 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$0.0326 and HK$0.0320. 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 Monday, April 29, 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 Amuse Group Holding Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0320 and HK$0.0310. 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, Amuse Group Holding Limited finds support just below today's level at HK$0.0320. If this is broken, then the next support from accumulated volume will be at HK$0.0310 and HK$0.0300.

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 2.58%

Our recommended stop-loss: HK$0.0327 (-3.88%) (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 (8545.HK) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Amuse Group Holding Limited to open at HK$0.0340, and during the day (based on 14 day Average True Range), to move between HK$0.0330 and HK$0.0350, which gives a possible trading interval of +/-HK$0.0010 (+/-2.82%) 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 5.63% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.0320, some HK$0.0020 (5.88%) from the current price of HK$0.0340, our system finds the risk reward attractive.

Is Amuse Group Holding 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 Amuse Group Holding Limited stock to perform well in the short-term.

Current score: 1.786 Buy Candidate Unchanged

Predicted Opening Price for Amuse Group Holding Limited of Thursday, May 2, 2024

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