Top Kingwin Ltd Stock Forecast
Big movements in Top Kingwin Ltd stock price on Thursday moving 16.84% between high and low
(Updated on Jun 20, 2024)
The Top Kingwin Ltd stock price fell by -5.62% on the last day (Thursday, 20th Jun 2024) from $0.420 to $0.397. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 16.84% from a day low at $0.382 to a day high of $0.446. The price has fallen in 7 of the last 10 days and is down by -9.91% for this period. Volume has increased on the last day by 10 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, 187 thousand shares were bought and sold for approximately $74.27 thousand.
The stock lies the upper part of a very wide and falling 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 $0.466 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -75.90% during the next 3 months and, with a 90% probability hold a price between $0.0151 and $0.112 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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TCJH Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.635%. 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 Top Kingwin 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 $0.447 and $0.472. A break-up above any of these levels will issue buy signals. Top Kingwin 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 Top Kingwin Ltd stock
Top Kingwin Ltd finds support from accumulated volume at $0.394 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 $0.0643 between high and low, or 16.84%. For the last week, the stock has had daily average volatility of 10.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TCJH) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Top Kingwin Ltd to open at $0.408, and during the day (based on 14 day Average True Range), to move between $0.329 and $0.464, which gives a possible trading interval of +/-$0.0674 (+/-16.99%) up or down from last closing price. If Top Kingwin Ltd takes out the full calculated possible swing range there will be an estimated 33.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.394 (0.63%) than the resistance at $0.449 (13.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Top Kingwin Ltd stock A Buy?
Top Kingwin 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.372 Sell Candidate Upgraded
Predicted Opening Price for Top Kingwin Ltd of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.408 ( 2.93%) | $0.397 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCJH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.472 | 19.15% |
| R2 | 0.448 | 12.96% |
| R1 | 0.433 | 9.13% |
| Price | 0.397 | |
| S1 | 0.384 | -3.26% |
| S2 | 0.368 | -7.09% |
| S3 | 0.344 | -13.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.468 | 18.03% |
| R2 | 0.456 | 15.01% |
| R1 | 0.449 | 13.24% |
| Price | 0.397 | |
| S1 | 0.394 | -0.631% |
| S2 | 0 | - |
| S3 | 0 | - |
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