Yy Group Holding Limited Stock Forecast
Big movements in Yy Group Holding Limited stock price on Tuesday moving 10.55% between high and low
(Updated on Jun 25, 2024)
The Yy Group Holding Limited stock price fell by -0.88% on the last day (Tuesday, 25th Jun 2024) from $0.89 to $0.88. During the last trading day the stock fluctuated 10.55% from a day low at $0.85 to a day high of $0.94. The price has risen in 6 of the last 10 days and is up by 9.86% over the past 2 weeks. 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 -9 thousand shares and in total, 8 thousand shares were bought and sold for approximately $6.70 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -63.36% during the next 3 months and, with a 90% probability hold a price between $0.129 and $0.419 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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YYGH Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 9.86%. 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 Yy Group Holding Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.26. On a fall, the stock will find some support from the short-term average at $0.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Yy Group Holding Limited stock
Yy Group Holding Limited finds support from accumulated volume at $0.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0897 between high and low, or 10.55%. For the last week the stock has had daily average volatility of 7.98%.
Our recommended stop-loss: $0.84 (-4.42%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (YYGH) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Yy Group Holding Limited to open at $0.89, and during the day (based on 14 day Average True Range), to move between $0.687 and $1.07, which gives a possible trading interval of +/-$0.193 (+/-21.93%) up or down from last closing price. If Yy Group Holding Limited takes out the full calculated possible swing range there will be an estimated 43.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.88 (0.01%) than the resistance at $0.94 (6.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yy Group Holding Limited stock A Buy?
Yy Group Holding 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.083 Hold/Accumulate Upgraded
Predicted Opening Price for Yy Group Holding Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.89 ( 1.15%) | $0.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YYGH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.98 | 11.34% |
| R2 | 0.95 | 7.45% |
| R1 | 0.92 | 5.04% |
| Price | 0.88 | |
| S1 | 0.86 | -2.75% |
| S2 | 0.83 | -5.15% |
| S3 | 0.80 | -9.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.98 | 11.36% |
| R2 | 0.96 | 9.26% |
| R1 | 0.94 | 6.31% |
| Price | 0.88 | |
| S1 | 0.88 | -0.0114% |
| S2 | 0.81 | -7.93% |
| S3 | 0.80 | -8.98% |
FAQ
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