FIH Mobile Ltd Stock Forecast
On Tuesday, FIH Mobile Ltd stock price gained an impressive 20.95%
(Updated on Jun 18, 2024)
The FIH Mobile Ltd stock price gained 20.95% on the last trading day (Tuesday, 18th Jun 2024), rising from $2.10 to $2.54. During the last trading day the stock fluctuated 0% from a day low at $2.54 to a day high of $2.54. The price has risen in 5 of the last 10 days and is up by 23.3% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $2.79 thousand.
The stock lies in the middle of a very 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 54.47% during the next 3 months and, with a 90% probability hold a price between $3.46 and $4.50 at the end of this 3-month period.
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FXCNY Signals & Forecast
The FIH Mobile Ltd 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 $2.11 and $1.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 32.98%. 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). FIH Mobile Ltd 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.
Support, Risk & Stop-loss for FIH Mobile Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.40 and $1.98. 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, FIH Mobile Ltd finds support just below today's level at $2.40. If this is broken, then the next support from accumulated volume will be at $1.98 and $1.91.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.515%.
Our recommended stop-loss: $2.45 (-3.64%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (FXCNY) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect FIH Mobile Ltd to open at $2.54, and during the day (based on 14 day Average True Range), to move between $2.38 and $2.70, which gives a possible trading interval of +/-$0.163 (+/-6.41%) up or down from last closing price. If FIH Mobile Ltd takes out the full calculated possible swing range there will be an estimated 12.82% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $2.40, some $0.140 (5.51%) from the current price of $2.54, our system finds the risk reward attractive.
Is FIH Mobile Ltd stock A Buy?
FIH Mobile Ltd 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.
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 FIH Mobile Ltd of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $2.54 ( 0%) | $2.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FXCNY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.54 | - |
| R2 | 2.54 | - |
| R1 | 2.54 | - |
| Price | 2.54 | |
| S1 | 2.54 | - |
| S2 | 2.54 | - |
| S3 | 2.54 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2.54 | |
| S1 | 2.40 | -5.51% |
| S2 | 1.98 | -22.05% |
| S3 | 1.91 | -24.80% |
FXCNY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2017 | May 25, 2017 | Jul 03, 2017 | $0.356 | 6.03% |
| 2 | May 26, 2016 | May 26, 2016 | Jul 03, 2017 | $0.554 | 9.39% |
| 3 | May 29, 2015 | May 29, 2015 | May 29, 2015 | $0.494 | 4.24% |
FAQ
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