Newborn Town Inc. Stock Forecast
Newborn Town Inc. stock price ended at HK$4.51 on Wednesday, after gaining 2.04%.
(Updated on Jun 26, 2024)
The Newborn Town Inc. stock price gained 2.04% on the last trading day (Wednesday, 26th Jun 2024), rising from HK$4.42 to HK$4.51. During the last trading day the stock fluctuated 3.91% from a day low at HK$4.35 to a day high of HK$4.52. The price has risen in 6 of the last 10 days and is up by 16.84% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 4 million shares were bought and sold for approximately HK$17.33 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.89% during the next 3 months and, with a 90% probability hold a price between HK$5.35 and HK$5.95 at the end of this 3-month period.
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9911.HK Signals & Forecast
Mostly positive signals in the chart today. The Newborn Town Inc. 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$4.37 and HK$4.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 16.84%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Newborn Town Inc. stock
Newborn Town Inc. finds support from accumulated volume at HK$4.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.170 between high and low, or 3.91%. For the last week, the stock has had daily average volatility of 5.33%.
Our recommended stop-loss: HK$4.37 (-3.20%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (9911.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Newborn Town Inc. to open at HK$4.46, and during the day (based on 14 day Average True Range), to move between HK$4.31 and HK$4.71, which gives a possible trading interval of +/-HK$0.201 (+/-4.45%) up or down from last closing price. If Newborn Town Inc. takes out the full calculated possible swing range there will be an estimated 8.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$4.46, some HK$0.0500 (1.11%) from the current price of HK$4.51, our system finds the risk reward attractive.
Is Newborn Town Inc. 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 Newborn Town Inc. stock to perform well in the short-term.
Current score: 3.021 Buy Candidate Unchanged
Predicted Opening Price for Newborn Town Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$4.46 ( 1.11%) | HK$4.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9911.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.63 | 2.66% |
| R2 | 4.57 | 1.22% |
| R1 | 4.52 | 0.331% |
| Price | 4.51 | |
| S1 | 4.40 | -2.55% |
| S2 | 4.35 | -3.44% |
| S3 | 4.29 | -4.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 4.51 | |
| S1 | 4.46 | -1.11% |
| S2 | 4.11 | -8.87% |
| S3 | 3.99 | -11.53% |
FAQ
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