Henderson Land Development Company. Ltd Stock Forecast

Henderson Land Development Company. Ltd stock price ended at $2.90 on Thursday, after losing 0%.
(Updated on Apr 18, 2024)

HLDCY Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Henderson Land Development Company. Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.99 and $2.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -6.45%. 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).

Support, Risk & Stop-loss for Henderson Land Development Company. Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.75 and $2.72. 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, Henderson Land Development Company. Ltd finds support just below today's level at $2.75. If this is broken, then the next support from accumulated volume will be at $2.72 and $2.71.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0390 (1.35%) between high and low. For the last week, the stock has had daily average volatility of 1.08%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HLDCY) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Henderson Land Development Company. Ltd to open at $2.90, and during the day (based on 14 day Average True Range), to move between $2.83 and $2.97, which gives a possible trading interval of +/-$0.0710 (+/-2.45%) up or down from last closing price. If Henderson Land Development Company. Ltd takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.93 (1.03%) than the support at $2.75 (5.17%), 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 Henderson Land Development Company. Ltd stock A Buy?

The Henderson Land Development Company. Ltd stock holds several negative signals and despite the positive trend, we believe Henderson Land Development Company. Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.662 Sell Candidate Unchanged

Predicted Opening Price for Henderson Land Development Company. Ltd of Friday, April 19, 2024

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