Hollysys Automation Technologies Stock Forecast
Green day on Tuesday for Hollysys Automation Technologies
(Updated on Jun 18, 2024)
The Hollysys Automation Technologies stock price gained 0.80% on the last trading day (Tuesday, 18th Jun 2024), rising from $21.21 to $21.38. During the last trading day the stock fluctuated 2.28% from a day low at $21.08 to a day high of $21.56. The price has risen in 6 of the last 10 days and is up by 0.05% 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, 43 thousand more shares were traded than the day before. In total, 162 thousand shares were bought and sold for approximately $3.47 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.77% during the next 3 months and, with a 90% probability hold a price between $15.95 and $18.18 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HOLI Signals & Forecast
There are mixed signals in the stock today. The Hollysys Automation Technologies stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $21.75 and $22.43. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 2.44%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, June 27, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, June 27, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Hollysys Automation Technologies stock
Hollysys Automation Technologies finds support from accumulated volume at $21.18 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 $0.480 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HOLI) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Hollysys Automation Technologies to open at $21.34, and during the day (based on 14 day Average True Range), to move between $20.85 and $21.91, which gives a possible trading interval of +/-$0.529 (+/-2.48%) up or down from last closing price. If Hollysys Automation Technologies takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.18 (0.94%) than the resistance at $22.17 (3.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hollysys Automation Technologies stock A Buy?
Hollysys Automation Technologies holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.011 Sell Candidate Unchanged
Predicted Opening Price for Hollysys Automation Technologies of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $21.34 ( 0.187%) | $21.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOLI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.82 | 2.06% |
| R2 | 21.64 | 1.20% |
| R1 | 21.52 | 0.671% |
| Price | 21.38 | |
| S1 | 21.16 | -1.04% |
| S2 | 21.04 | -1.57% |
| S3 | 20.86 | -2.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.67 | 15.39% |
| R2 | 23.29 | 8.93% |
| R1 | 22.17 | 3.70% |
| Price | 21.38 | |
| S1 | 21.18 | -0.94% |
| S2 | 21.02 | -1.68% |
| S3 | 20.87 | -2.39% |
HOLI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 10, 2022 | Apr 01, 2022 | Apr 25, 2022 | $0.320 | 2.11% |
| 2 | Oct 05, 2020 | Oct 21, 2020 | Nov 20, 2020 | $0.200 | 1.68% |
| 3 | Sep 27, 2019 | Oct 21, 2019 | Nov 12, 2019 | $0.210 | 1.35% |
| 4 | Sep 27, 2018 | Oct 19, 2018 | Nov 12, 2018 | $0.180 | 0.95% |
| 5 | Sep 26, 2017 | Oct 13, 2017 | Nov 06, 2017 | $0.120 | 0.527% |
FAQ
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