Huize Holding Limited Stock Forecast

High volatility in Huize Holding Limited stock price on Thursday which ended trading at $0.615
(Updated on Apr 25, 2024)

HUIZ 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 Huize Holding Limited 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 $0.623 and $0.642. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -3.53%. Further fall is indicated until a new bottom pivot has been found. Huize Holding Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Huize Holding Limited stock

Huize Holding Limited finds support from accumulated volume at $0.600 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 $0.195 between high and low, or 45.42%. For the last week, the stock has had daily average volatility of 12.65%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HUIZ) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Huize Holding Limited to open at $0.557, and during the day (based on 14 day Average True Range), to move between $0.555 and $0.675, which gives a possible trading interval of +/-$0.0598 (+/-9.73%) up or down from last closing price. If Huize Holding Limited takes out the full calculated possible swing range there will be an estimated 19.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.625 (1.63%) than the support at $0.600 (2.44%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Huize Holding Limited stock A Buy?

Huize Holding Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.

Current score: -5.886 Strong Sell Candidate Downgraded

Predicted Opening Price for Huize Holding Limited of Friday, April 26, 2024

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