AMTD Digital, Inc. Sponsored ADR (HKD) Technical Analysis

August 24, 2023
Market
AMTD Digital, Inc. Sponsored ADR (HKD) Technical Analysis

HDAO (HKD.com DAO) is a decentralized blockchain digital asset with a total supply of 10 billion built on Ethereum, Tron, and Matic Network. The single token used in the HKD.com ecosystem is HDAO. HKD.com is likewise committed to strengthening HDAO as its platform token through a variety of use cases executed on the HKD.com exchange platform. The HKD.com DAO is made up of a community of HDAO holders, and its vision is to build a fair and open financial infrastructure through the token market. The HDAO incentive system encourages new members to join the community, according to HKD.com. DAO intends to incubate more high-quality startups in order to promote the expansion of the Hong Kong digital asset industry.

AMTD Digital Inc. is an Asia-based complete digital solutions platform with operations in numerous sectors such as digital banking services, SpiderNet ecosystem solutions, digital media, content, marketing, and digital investments.

Prices

The HKD stock price finished at $5.88, with a total market value of $1.13 billion (44 million shares outstanding). The HKD is traded on the NYSE under the symbol HKD. In the last 24 hours, the HKD has gained 5.92%. Currently, the HKD stock price forecast is optimistic.

In the previous 52 weeks, the stock price has dropped by -96.92%.

 AMTD Digital has a $1.13 billion market capitalization, or net value. The company is worth $672.32 million.

 The most recent short interest is 2.06 million, representing 1.07% of the outstanding shares.

 AMTD Digital has 191.44 million outstanding shares.

 The trailing PE ratio is 30.60.

As of the August 11 trading session, the HKD stock had lost 27% of its market price in the previous six months. Buyers were more active, although there was no discernible change in the trading price. It began at $6.62, fell to $6.62, had a high of $6.66, and concluded trading at $6.62 with 540.999k in intraday trading volume.

In the previous 52 weeks, the highest traded price for HKD stock was $385, and the lowest traded price was $6.10. AMTD Digital, Inc. has a market value of $1.267 billion and a daily share volume of 655.994k. 

Analysis

If sellers come forward, the HKD stock might find quick support at $6.10. If they maintain their dominance, the HKD share price will fall to a new 52-week low. 

The markets will reopen on Monday, August 14, after a long break, and it is expected that the HKD stock price will open lower than its previous closing price in this trading session.

AMTD Digital, Inc. generated $196.96 Million in sales and about $214.28 Million in net income in fiscal year 2022. In 2022, sales accounted for 45% of EBITDA, 41% of EBIT, and 109% of net income.

On the Daily Chart: 

  • The Moving Averages Convergence Divergence (MACD) indicator for AMTD Digital, Inc. Sponsored ADR (HKD) is -0.03, indicating that AMTD Digital, Inc. Sponsored ADR is a Buy.
  • The 20-Day exponential moving average of AMTD Digital, Inc. Sponsored ADR (HKD) is 6.58, while the share price of AMTD Digital, Inc. Sponsored ADR (HKD) is $5.9, indicating a Sell.
  • The 50-Day exponential moving average for AMTD Digital, Inc. Sponsored ADR (HKD) is 6.69, while the share price is $5.9, indicating a Sell.

On the Weekly Chart:

  • The Moving Averages Convergence Divergence (MACD) indicator for AMTD Digital, Inc. Sponsored ADR (HKD) is -8.59, indicating that AMTD Digital, Inc. Sponsored ADR is a Sell.
  • The 20-Day exponential moving average of AMTD Digital, Inc. Sponsored ADR (HKD) is 9.96, while the share price of AMTD Digital, Inc. Sponsored ADR (HKD) is $5.9, indicating a Sell.
  • The 50-Day exponential moving average of AMTD Digital, Inc. Sponsored ADR (HKD) is 40.93, while the share price of AMTD Digital, Inc. Sponsored ADR (HKD) is $5.9, indicating a Sell.
AMTD Digital, Inc. Sponsored ADR (HKD) Technical Analysis

Indicators:

  • The Relative Strength Index (RSI) for AMTD Digital, Inc. Sponsored ADR (HKD) is 48.93, indicating a Neutral signal.
  • The Trend Strength Indicator (ADX) for AMTD Digital, Inc. Sponsored ADR (HKD) is 86.49, indicating a Sell signal.
  • The Commodity Channel Index (CCI) for AMTD Digital, Inc. Sponsored ADR (HKD) is -118.26, indicating a Buy signal.
  • The Price Rate of Change (ROC) for AMTD Digital, Inc. Sponsored ADR (HKD) is -5.59, indicating a Sell signal.

Prediction

AMTD Digital Inc. shares will be worth $5.96 per share on August 20, 2023, according to our current HKD stock projection. Our technical indicators indicate that the present attitude is Bearish, with the Fear and Greed Index reading 39 (Fear). Over the previous 30 days, the HKD stock had 9/30 (30%) green days and 10.28% price volatility. According to our AMTD Digital Inc. stock projection, now is an excellent time to purchase HKD stock because it is now trading 1.28% below our forecast.

AMTD Digital Inc. Stock Prediction 2025

AMTD Digital Inc.’s stock estimate for 2025 is now $3.86, assuming AMTD Digital Inc. shares increase at the same average annual rate as in the past 10 years. As a consequence, the HKD stock price would grow by -34.40%.

AMTD Digital Inc. Stock Predictions for 2030

If AMTD Digital Inc. continues to grow at its current 10-year average pace, its stock will be valued at $1.344240 in 2030. If this AMTD Digital Inc. stock projection for 2030 is correct, the HKD stock price will rise by -77.14% from its current level.

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