Oct 23 in Daily Stock Post
HIHO • NASDAQ • Highway Holdings Limited
This is not investment advice; it’s a trade idea for educational purposes. All trades are inherently risky and may result in a loss. Please do your own research.
--------------------------------
Active volatile mover...
Key Technical Indicators
Recent Performance and Trends: Over the past months, HIHO's price has shown a trend with recent fluctuations around the $1.81 to $2.20 range. The stock has seen volatility, with prices peaking at around $2.18 in mid-July 2024 before gradually declining to levels closer to $1.90 by the end of September 2024
Moving Averages
- 50-Day Moving Average (50 MA): The 50-day MA hovers around $1.85 based on the recent price range, indicating the stock has been relatively stable with minor upward and downward movements.
- 200-Day Moving Average (200 MA): The 200-day average sits slightly higher around $1.90, reflecting a longer-term view where the stock experienced more bullish periods earlier in the year.
Support and Resistance Levels
- Support Level: The stock shows a support level at approximately $1.80, a point where recent dips have stabilized before reversing upward.
- Resistance Level: Resistance is identified at $2.18, which served as a peak in July and was challenging for the stock to surpass.
Beta and Expected Return: The beta value for HIHO is typically low given its consistent price movements with modest fluctuations. Assuming the market's average return at 8% and a risk-free rate of 1.5%, we can project the stock's expected return through the CAPM model based on its correlation to market movements.
Analysis Summary
- Trend Outlook: The stock is consolidating around key levels, suggesting a period of stability but with potential risk if broader market conditions change.
- Moving Averages: The proximity of 50 MA and 200 MA shows a neutral trend, which indicates investors might look for a catalyst or external market conditions before making a decision.
- Support and Resistance: Traders should keep an eye on the $1.80 support level. A fall below could indicate further declines, while a rise above $2.18 might be a bullish signal.
Currently trading at $2.32, so it blew through the Resistance point. Let's see how it does today.
0
0 comments
HIHO • NASDAQ • Highway Holdings Limited
skool.com/daily-stock-tip-6173
THIS IS NOT INVESTMENT ADVICE. This group will have a daily stock tip posted. This is for purely entertainment and educational purposes only
powered by