Akeso, Inc. Stock Forecast

Akeso, Inc. stock price took a fall of -6.62% on Tuesday
(Updated on Jun 18, 2024)

9926.HK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Akeso, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$39.64 and HK$39.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -6.62%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Akeso, Inc. stock

Akeso, Inc. finds support from accumulated volume at HK$37.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$2.95 between high and low, or 7.89%. For the last week the stock has had daily average volatility of 4.66%.

Our recommended stop-loss: HK$36.25 (-4.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (9926.HK) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Akeso, Inc. to open at HK$38.62, and during the day (based on 14 day Average True Range), to move between HK$33.86 and HK$42.34, which gives a possible trading interval of +/-HK$4.24 (+/-11.12%) up or down from last closing price. If Akeso, Inc. takes out the full calculated possible swing range there will be an estimated 22.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at HK$37.05 (2.76%) than the resistance at HK$41.40 (8.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Akeso, Inc. stock A Buy?

Akeso, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

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 Akeso, Inc. of Wednesday, June 19, 2024

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