Hywin Holdings Ltd. Stock Forecast
Big movements in Hywin Holdings Ltd. stock price on Thursday moving 13.97% between high and low
(Updated on Jun 13, 2024)
The Hywin Holdings Ltd. stock price fell by -3.94% on the last day (Thursday, 13th Jun 2024) from $0.431 to $0.414. During the last trading day the stock fluctuated 13.97% from a day low at $0.372 to a day high of $0.424. The price has fallen in 7 of the last 10 days but is still up by 14.18% over the past 2 weeks. Volume has increased on the last day by 39 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, 59 thousand shares were bought and sold for approximately $24.52 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 -65.07% during the next 3 months and, with a 90% probability hold a price between $0.0690 and $0.202 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 Monday, June 10, 2024, and so far it has risen 7.31%. 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 $0.495 and $0.641. 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
On the downside, the stock finds support just below today's level from accumulated volume at $0.386 and $0.363. 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, Hywin Holdings Ltd. finds support just below today's level at $0.386. If this is broken, then the next support from accumulated volume will be at $0.363 and $0.351.
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 $0.0520 between high and low, or 13.97%. For the last week, the stock has had daily average volatility of 18.95%.
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 14th
For the upcoming trading day on Friday, 14th we expect Hywin Holdings Ltd. to open at $0.404, and during the day (based on 14 day Average True Range), to move between $0.290 and $0.538, which gives a possible trading interval of +/-$0.124 (+/-29.94%) up or down from last closing price. If Hywin Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 59.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.420 (1.47%) than the support at $0.386 (6.81%), 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 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: -5.142 Strong Sell Candidate Unchanged
Predicted Opening Price for Hywin Holdings Ltd. of Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| $0.404 ( 2.53%) | $0.414 |
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 | |
|---|---|---|
| R3 | 0.456 | 10.03% |
| R2 | 0.436 | 5.23% |
| R1 | 0.423 | 2.27% |
| Price | 0.414 | |
| S1 | 0.384 | -7.33% |
| S2 | 0.371 | -10.29% |
| S3 | 0.352 | -15.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.515 | 24.35% |
| R2 | 0.486 | 17.39% |
| R1 | 0.420 | 1.47% |
| Price | 0.414 | |
| S1 | 0.386 | -6.81% |
| S2 | 0.363 | -12.42% |
| S3 | 0.351 | -15.19% |
FAQ
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