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Hop Fung Group Holdings Limited

2320.HK Technical Analysis Summary (HKSE)

Analyze 2320.HK on the HKSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

2320.HK●HKSE
Consumer CyclicalPackaging & Containers
HK$0.24
HK$0.009(3.61%)
Hong Kong Market opens in 11h 14m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

2320.HK Technical Analysis Summary (HKSE)

Hop Fung Group Holdings Limited (HKSE: 2320.HK) stock currently shows a bullish trend on the HKSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 61.36)
Trend Strength:Very Strong (ADX: 47.66)
Volatility:High (ATR: 0.03)
Support/Resistance:$0.16 – $0.30 (Bollinger Bands)

Technical conditions suggest Hop Fung Group Holdings Limited on the HKSE is awaiting a decisive move. Overall, Hop Fung Group Holdings Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 61.36

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 33.33

Bearish
Momentum remains weak below midpoint.

Williams %R: -62.50

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 1.66

Bullish
Steady upward momentum.

Takeaway:Hop Fung Group Holdings Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.03

Bullish
Bullish, trend momentum is strengthening.

ADX: 47.66

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.03

Low
Low volatility, stable price action.

CCI (14): 1.41

Neutral
Neutral, no strong directional signal.

Takeaway:Hop Fung Group Holdings Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.30
Middle Band (SMA 20)
$0.23
Lower Band
$0.16
Current Position
Within Bands

Takeaway:Hop Fung Group Holdings Limited trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$0.28
Middle Line (EMA 20)
$0.22
Lower Channel
$0.17
Squeeze Status
No Squeeze

Takeaway:Hop Fung Group Holdings Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume75.33M
Money Flow Index90.45Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index36.90Bearish, price momentum favors sellers.

Overall Takeaway:2320.HK shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Hop Fung Group Holdings Limited (HKSE: 2320.HK), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

MFI above 80 → overbought conditions may limit upside.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Hop Fung Group Holdings Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(HKSE: 2320.HK) Technical Analysis FAQ