Th International Limited Stock Forecast
Is Th International Limited stock still a buy after falling -7.13% on Tuesday?
(Updated on Jul 02, 2024)
The Th International Limited stock price fell by -7.13% on the last day (Tuesday, 2nd Jul 2024) from $0.727 to $0.675. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.56% from a day low at $0.660 to a day high of $0.710. The price has fallen in 8 of the last 10 days and is down by -11.84% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 337 thousand shares were bought and sold for approximately $227.54 thousand.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.772) are considered to be a "second chance" to get out. According to the fan-theory $0.474 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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THCH Signals & Forecast
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 Th International 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 $0.731 and $0.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -43.73%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Th International 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.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0499 between high and low, or 7.56%. For the last week the stock has had daily average volatility of 10.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THCH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Th International Limited to open at $0.682, and during the day (based on 14 day Average True Range), to move between $0.598 and $0.753, which gives a possible trading interval of +/-$0.0776 (+/-11.49%) up or down from last closing price. If Th International Limited takes out the full calculated possible swing range there will be an estimated 22.98% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.698, some $0.0223 (3.30%) from the current price of $0.675, our system finds the risk reward not very attractive.
Is Th International Limited stock A Buy?
Th International Limited 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: -6.731 Strong Sell Candidate Unchanged
Predicted Opening Price for Th International Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.682 ( 0.97%) | $0.675 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THCH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.732 | 8.36% |
| R2 | 0.713 | 5.54% |
| R1 | 0.701 | 3.80% |
| Price | 0.675 | |
| S1 | 0.663 | -1.85% |
| S2 | 0.651 | -3.59% |
| S3 | 0.632 | -6.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.748 | 10.75% |
| R2 | 0.727 | 7.67% |
| R1 | 0.698 | 3.30% |
| Price | 0.675 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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