Hutchison Port Holdings Trust Trust Forecast
Hutchison Port Holdings Trust trust price ended at S$0.132 on Tuesday, after gaining 3.13%.
(Updated on Jul 02, 2024)
The Hutchison Port Holdings Trust trust price gained 3.13% on the last trading day (Tuesday, 2nd Jul 2024), rising from S$0.128 to S$0.132. During the last trading day the trust fluctuated 3.94% from a day low at S$0.127 to a day high of S$0.132. The price has risen in 4 of the last 10 days and is up by 7.32% 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, 5 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately S$972.42 thousand.
The trust lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at S$0.132 will firstly indicate a stronger rate of rising. Given the current short-term trend, the trust is expected to rise 3.82% during the next 3 months and, with a 90% probability hold a price between S$0.129 and S$0.137 at the end of this 3-month period.
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NS8U.SI Signals & Forecast
Mostly positive signals in the chart today. The Hutchison Port Holdings Trust trust 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 S$0.129 and S$0.126. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 3.13%. 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). Hutchison Port Holdings Trust 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Hutchison Port Holdings Trust trust
Hutchison Port Holdings Trust finds support from accumulated volume at S$0.131 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This trust is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the trust moved S$0.0050 (3.94%) between high and low. For the last week, the trust has had daily average volatility of 2.67%.
Our recommended stop-loss: S$0.126 (-4.89%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (NS8U.SI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Hutchison Port Holdings Trust to open at S$0.130, and during the day (based on 14 day Average True Range), to move between S$0.129 and S$0.135, which gives a possible trading interval of +/-S$0.0031 (+/-2.37%) up or down from last closing price. If Hutchison Port Holdings Trust takes out the full calculated possible swing range there will be an estimated 4.74% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ S$0.131, some S$0.0010 (0.76%) from the current price of S$0.132, our system finds the risk reward attractive.
Is Hutchison Port Holdings Trust trust A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hutchison Port Holdings Trust trust to perform well in the short-term.
Current score: 3.727 Buy Candidate Unchanged
Predicted Opening Price for Hutchison Port Holdings Trust of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| S$0.130 ( 1.26%) | S$0.132 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NS8U.SI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.135 | 2.53% |
| R2 | 0.133 | 1.08% |
| R1 | 0.132 | 0.184% |
| Price | 0.132 | |
| S1 | 0.128 | -2.71% |
| S2 | 0.127 | -3.60% |
| S3 | 0.125 | -5.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.132 | |
| S1 | 0.131 | -0.758% |
| S2 | 0.128 | -3.03% |
| S3 | 0.125 | -5.30% |
FAQ
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