HKD Technical Analysis - AMTD DIGITAL INC-ADR

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to HKD. HKD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

When comparing the yearly performance of all stocks, HKD is a bad performer in the overall market: 93% of all stocks are doing better.

HKD is one of the lesser performing stocks in the Software industry. 78% of 281 stocks in the same industry do better.

HKD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month HKD has a been trading in the 1.71 - 2.22 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AMTD DIGITAL INC-ADR / HKD Weekly stock chart

AMTD DIGITAL INC-ADR / HKD Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, HKD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.60, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.57

4.30

When analyzing the support we notice one important area.

A support zone ranging from 1.59 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 1.80 to 1.82. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
A resistance zone ranging from 1.96 to 1.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.01 from a horizontal line in the daily time frame.
Resistance @4.26 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for HKD is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for HKD is neutral.
ChartMill Relative Strength	7.97	NEGATIVE	HKD has a low relative strength, it was outperformed by 92.03% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HKD is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of HKD is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HKD is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.42	NEUTRAL	The RSI value for HKD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests HKD has a negative trend.
Stochastics (14,3)	13.51	OVERSOLD	The low Stochastics value suggests HKD may be oversold.
Average True Range in percent/ATR (20)	7.21	HIGH VOLATILITY	The high ATR as a percentage value for HKD suggests high volalility.
Average Directional Index/ADX (14)	38.98	POSITIVE	The high ADX value value for HKD suggests a strong trend.