TravelSky Technology Limited Stock Forecast
On Friday, TravelSky Technology Limited stock price gained an impressive 6.60%
(Updated on May 03, 2024)
The TravelSky Technology Limited stock price gained 6.60% on the last trading day (Friday, 3rd May 2024), rising from $1.30 to $1.39. During the last trading day the stock fluctuated 0.144% from a day low at $1.39 to a day high of $1.39. The price has risen in 5 of the last 10 days and is up by 16.61% 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, 3 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $12.71 thousand.
The stock lies in the upper part of a wide and strong 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 $1.42 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.74% during the next 3 months and, with a 90% probability hold a price between $1.46 and $1.71 at the end of this 3-month period.
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TSYHF Signals & Forecast
The TravelSky Technology Limited stock 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 $1.34 and $1.22. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). TravelSky Technology Limited 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -0.714%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for TravelSky Technology Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.25 and $1.17. 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, TravelSky Technology Limited finds support just below today's level at $1.25. If this is broken, then the next support from accumulated volume will be at $1.17 and $1.17.
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 $0.0020 between high and low, or 0.144%. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: $1.34 (-3.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (TSYHF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect TravelSky Technology Limited to open at $1.39, and during the day (based on 14 day Average True Range), to move between $1.33 and $1.45, which gives a possible trading interval of +/-$0.0621 (+/-4.47%) up or down from last closing price. If TravelSky Technology Limited takes out the full calculated possible swing range there will be an estimated 8.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.40 (0.72%) than the support at $1.25 (10.22%), 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 TravelSky Technology Limited stock 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 TravelSky Technology Limited stock to perform well in the short-term.
Current score: 4.081 Buy Candidate Unchanged
Predicted Opening Price for TravelSky Technology Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $1.39 ( 0.0480%) | $1.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSYHF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.39 | 0.0959 % | |
| R2 | 1.39 | 0.0410 % | ||
| R1 | 1.39 | 0.0070 % | ||
| Current price: | 1.39 | |||
| Support | S1 | 1.39 | -0.103 % | |
| S2 | 1.39 | -0.137 % | ||
| S3 | 1.39 | -0.192 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 1.40 | 0.719 % | ||
| Current price | 1.39 | |||
| Support | S1 | 1.25 | -10.22% | |
| S2 | 1.17 | -15.68% | ||
| S3 | 1.17 | -15.83% |
TSYHF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | $0.0070 | 0.375% |
| 2 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | $0.0080 | 0.457% |
| 3 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | $0.0020 | 0.0917% |
| 4 | Jun 22, 2020 | Jun 22, 2020 | Jun 22, 2020 | $0.0410 | 2.11% |
| 5 | Jul 03, 2019 | Jul 03, 2019 | Jul 03, 2019 | $0.0390 | 1.99% |
FAQ
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