Hywin Holdings Ltd. Stock Forecast
High volatility in Hywin Holdings Ltd. stock price on Thursday which ended trading at $0.734
(Updated on May 16, 2024)
The Hywin Holdings Ltd. stock price fell by -4.65% on the last day (Thursday, 16th May 2024) from $0.770 to $0.734. During the last trading day the stock fluctuated 13.05% from a day low at $0.734 to a day high of $0.83. The price has been going up and down for this period, and there has been a -3.39% loss for the last 2 weeks. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 18 thousand shares were bought and sold for approximately $13.13 thousand.
The stock lies in the middle of a very 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 -48.59% during the next 3 months and, with a 90% probability hold a price between $0.325 and $0.488 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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HYW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 4.13%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hywin Holdings Ltd. 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 $0.747 and $0.93. A break-up above any of these levels will issue buy signals. Hywin Holdings Ltd. 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 Hywin Holdings Ltd. stock
Hywin Holdings Ltd. finds support from accumulated volume at $0.718 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 $0.0958 between high and low, or 13.05%. For the last week, the stock has had daily average volatility of 6.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HYW) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Hywin Holdings Ltd. to open at $0.766, and during the day (based on 14 day Average True Range), to move between $0.658 and $0.81, which gives a possible trading interval of +/-$0.0760 (+/-10.35%) up or down from last closing price. If Hywin Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 20.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.718 (2.22%) than the resistance at $0.80 (8.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hywin Holdings Ltd. stock A Buy?
Hywin Holdings Ltd. 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.
Current score: -4.524 Sell Candidate Unchanged
Predicted Opening Price for Hywin Holdings Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.766 ( 4.35%) | $0.734 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HYW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.86 | 17.40 % | |
| R2 | 0.83 | 12.41 % | ||
| R1 | 0.80 | 9.33 % | ||
| Current price: | 0.734 | |||
| Support | S1 | 0.730 | -0.635 % | |
| S2 | 0.707 | -3.71 % | ||
| S3 | 0.670 | -8.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.83 | 12.37 % | |
| R2 | 0.82 | 11.01 % | ||
| R1 | 0.80 | 8.96 % | ||
| Current price | 0.734 | |||
| Support | S1 | 0.718 | -2.22% | |
| S2 | 0.705 | -3.96% | ||
| S3 | 0 | . |
FAQ
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