Power Assets Holdings Ltd Stock Forecast
Red day on Thursday for Power Assets Holdings Ltd
(Updated on Apr 18, 2024)
The Power Assets Holdings Ltd stock price fell by -4.46% on the last day (Thursday, 18th Apr 2024) from $5.61 to $5.36. During the last trading day the stock fluctuated 2.80% from a day low at $5.34 to a day high of $5.49. The price has fallen in 6 of the last 10 days and is down by -7.27% 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 -1 thousand shares and in total, 1 thousand shares were bought and sold for approximately $5.90 thousand.
Given the current short-term trend, the stock is expected to fall -2.33% during the next 3 months and, with a 90% probability hold a price between $5.24 and $5.88 at the end of this 3-month period.
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HGKGY Signals & Forecast
There are few to no technical positive signals at the moment. The Power Assets Holdings 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 $5.64 and $5.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -11.99%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Power Assets Holdings Ltd 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.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.150 between high and low, or 2.80%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HGKGY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Power Assets Holdings Ltd to open at $5.40, and during the day (based on 14 day Average True Range), to move between $5.20 and $5.52, which gives a possible trading interval of +/-$0.161 (+/-3.00%) up or down from last closing price. If Power Assets Holdings Ltd takes out the full calculated possible swing range there will be an estimated 5.99% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $5.75, some $0.390 (7.28%) from the current price of $5.36, our system finds the risk reward not very attractive.
Is Power Assets Holdings Ltd stock A Buy?
Power Assets Holdings Ltd holds several negative signals and is within a 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: -4.243 Sell Candidate Unchanged
Predicted Opening Price for Power Assets Holdings Ltd of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$5.40 ( 0.681%) | $5.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HGKGY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.55 | 3.47 % | |
R2 | 5.49 | 2.40 % | ||
R1 | 5.45 | 1.75 % | ||
Current price: | 5.36 | |||
Support | S1 | 5.34 | -0.384 % | |
S2 | 5.30 | -1.04 % | ||
S3 | 5.25 | -2.11 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.09 | 13.62 % | |
R2 | 5.87 | 9.51 % | ||
R1 | 5.75 | 7.28 % | ||
Current price | 5.36 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
HGKGY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | May 28, 2024 | Jun 18, 2024 | $0.241 | 4.49% |
2 | May 24, 2024 | May 24, 2024 | Jun 18, 2024 | $0.241 | 4.49% |
3 | Aug 03, 2023 | Aug 31, 2023 | Sep 19, 2023 | $0.0800 | 1.65% |
4 | May 22, 2023 | May 22, 2023 | Sep 19, 2023 | $0.260 | 5.36% |
5 | Aug 31, 2022 | Sep 01, 2022 | Sep 21, 2022 | $0.0990 | 1.81% |
FAQ
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