QAF Limited Stock Forecast
Red day on Monday for QAF Limited stock after losing 0.610%
(Updated on May 06, 2024)
The QAF Limited stock price fell by -0.610% on the last day (Monday, 6th May 2024) from S$0.82 to S$0.82. During the last trading day the stock fluctuated 0.613% from a day low at S$0.82 to a day high of S$0.82. The price has fallen in 4 of the last 10 days and is down by -4.12% for this period. Volume has increased on the last day by 44 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, 66 thousand shares were bought and sold for approximately S$53.38 thousand.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately S$0.82 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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Q01.SI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The QAF 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 S$0.84 and S$0.85. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). QAF 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 QAF Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved S$0.0050 between high and low, or 0.613%. For the last week the stock has had daily average volatility of 0.85%.
Our recommended stop-loss: S$0.770 (-5.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (Q01.SI) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect QAF Limited to open at S$0.82, and during the day (based on 14 day Average True Range), to move between S$0.81 and S$0.82, which gives a possible trading interval of +/-S$0.0086 (+/-1.05%) up or down from last closing price. If QAF Limited takes out the full calculated possible swing range there will be an estimated 2.10% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ S$0.85, some S$0.0300 (3.68%) from the current price of S$0.82, our system finds the risk reward not very attractive.
Is QAF Limited stock A Buy?
QAF Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.830 Hold/Accumulate Unchanged
Predicted Opening Price for QAF Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| S$0.82 ( 0.204%) | S$0.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for Q01.SI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 0.82 % | |
| R2 | 0.82 | 0.584 % | ||
| R1 | 0.82 | 0.439 % | ||
| Current price: | 0.82 | |||
| Support | S1 | 0.81 | -0.0299 % | |
| S2 | 0.81 | -0.175 % | ||
| S3 | 0.81 | -0.409 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.86 | 4.91 % | |
| R2 | 0.85 | 4.29 % | ||
| R1 | 0.85 | 3.68 % | ||
| Current price | 0.82 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
Q01 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 23, 2024 | S$0.0400 | 4.88% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | S$0.0100 | 1.25% |
| 3 | May 04, 2023 | May 04, 2023 | May 04, 2023 | S$0.0400 | 4.88% |
| 4 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | S$0.0100 | 1.18% |
| 5 | May 05, 2022 | May 05, 2022 | May 05, 2022 | S$0.0400 | 4.68% |
FAQ
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