Ane (cayman) Inc. Stock Forecast
Ane (cayman) Inc. stock price ended at HK$6.75 on Friday, after losing 1.60%.
(Updated on Jun 28, 2024)
The Ane (cayman) Inc. stock price fell by -1.60% on the last day (Friday, 28th Jun 2024) from HK$6.86 to HK$6.75. During the last trading day the stock fluctuated 2.81% from a day low at HK$6.75 to a day high of HK$6.94. The price has fallen in 5 of the last 10 days but is still up by 7.31% over the past 2 weeks. 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 -2 million shares and in total, 801 thousand shares were bought and sold for approximately HK$5.41 million.
The stock lies in the middle of a 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 43.33% during the next 3 months and, with a 90% probability hold a price between HK$9.13 and HK$9.98 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9956.HK Signals & Forecast
The Ane (cayman) 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$6.60 and HK$6.23. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -2.03%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ane (cayman) Inc. stock
Ane (cayman) Inc. finds support from accumulated volume at HK$6.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.190 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 4.46%.
Our recommended stop-loss: HK$6.40 (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 57 days ago.)
Trading Expectations (9956.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Ane (cayman) Inc. to open at HK$6.81, and during the day (based on 14 day Average True Range), to move between HK$6.50 and HK$7.00, which gives a possible trading interval of +/-HK$0.248 (+/-3.67%) up or down from last closing price. If Ane (cayman) Inc. takes out the full calculated possible swing range there will be an estimated 7.34% 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$6.71 (0.59%) than the resistance at HK$6.86 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ane (cayman) 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 Ane (cayman) Inc. stock to perform well in the short-term.
Current score: 2.828 Buy Candidate Unchanged
Predicted Opening Price for Ane (cayman) Inc. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$6.81 ( 0.94%) | HK$6.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9956.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.00 | 3.75% |
| R2 | 6.93 | 2.68% |
| R1 | 6.89 | 2.01% |
| Price | 6.75 | |
| S1 | 6.74 | -0.137% |
| S2 | 6.70 | -0.80% |
| S3 | 6.62 | -1.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 6.89 | 2.07% |
| R1 | 6.86 | 1.63% |
| Price | 6.75 | |
| S1 | 6.71 | -0.593% |
| S2 | 6.31 | -6.52% |
| S3 | 6.15 | -8.89% |
FAQ
Click here for our free guide on how to buy Ane (cayman) Inc. Stock.
