TravelSky Technology Limited Stock Forecast

TravelSky Technology Limited stock price ended at $1.52 on Friday, after gaining 1.87%.
(Updated on May 17, 2024)

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 $1.45 and $1.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 18.35%. 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). 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.

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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0780 between high and low, or 5.34%. For the last week, the stock has had daily average volatility of 2.25%.

Our recommended stop-loss: $1.47 (-3.62%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (TSYHF) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect TravelSky Technology Limited to open at $1.51, and during the day (based on 14 day Average True Range), to move between $1.47 and $1.57, which gives a possible trading interval of +/-$0.0519 (+/-3.41%) up or down from last closing price. If TravelSky Technology Limited takes out the full calculated possible swing range there will be an estimated 6.81% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $1.25, some $0.274 (18.00%) from the current price of $1.52, our system finds the risk reward attractive.

Is TravelSky Technology Limited stock A Buy?

TravelSky Technology Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for TravelSky Technology Limited of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.