Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AMTD Digital, Inc. (HKD) stock lost 9.84% of its trading price in the month’s time.&nbsp;</a> </li> 
 <li> <span>2</span> <a>In the maximum time frame, HKD stock price lost 66.01% of its trading price.&nbsp;</a> </li> 
 <li> <span>3</span> <a>When publishing, HKD stock was at $5.52 and opened 0.36% above its previous closing price.</a> </li> 
</ul> 
<p>HKD stock was consolidating in the range between $5 to $5.55 since September 1, 2023. However, in the monthly and quarterly time frame, AMTD Digital, Inc. stock lost 9.84% of its trading price and 10.57%.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-amtd-digital-inc-hkd-stock-price-analysis-strong"><strong>AMTD Digital, Inc. (HKD) Stock Price Analysis&nbsp;</strong></h2> 
<p>In the 52-week time frame, HKD stock price peaked at $70 and lowest traded at $4.80. AMTD Digital, Inc. has a market capitalization of $1.053 Billion, and its share’s average trading volume is 918.013k.</p> 
<p>While writing, HKD stock was trading below 20, 50, 100, and the 200-day exponential moving averages (EMA). The MACD line and the signal line are moving parallel to the zero line, and the histogram reflects accumulation.&nbsp;</p> 
<p>The RSI line and RSI-based MA line are collectively below the zero line, reflecting no significant movements. AMTD Digital, Inc. does not pay dividends to shareholders.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <img decoding="async" loading="lazy" src="https://lh3.googleusercontent.com/USAZi2rELfkPwrtjbxngvp5NNHyhW9z1IwsiqXWfTDThfCUl9XtwHLnji9qOZTi7kMxh-rbthCas0qLMxujkhIEOm5TzZ2Dx61D6H33x4f4p5pFzuI80bQ-gLlfqXLINC5Q0OqXvUW2ZFdJIwudw4DE" alt="AMTD Digital Inc Stock to Retest $6; Will HKD Break Consolidation?" style="width: 100%;height:581px" width="1170" height="581">
  <figcaption class="wp-element-caption">
   Source: HKD stock price chart from <a href="https://www.tradingview.com/x/SF51QJ50/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>After analyzing the technical patterns, it was noticed that bulls lost control over HKD stock on August 14, and the declining movement continued till August 21.&nbsp;</p> 
<p>Following the bears’ dominance on the above date, AMTD Digital, Inc. stock fell in the seller zone and struggled for more than one week below $4. In the maximum time frame, HKD stock price lost 66.01% of its trading price. HKD stock was at $5.52 when publishing, opening 0.36% above its previous closing price.</p> 
<h3 class="wp-block-heading" id="strong-amtd-digital-inc-financial-updates-strong"><strong>AMTD Digital, Inc. Financial Updates</strong></h3> 
<p>In the longer term, the company’s total assets are $342.17 Million and liabilities are $1.03 Million. As per the data, the total debt in 2022 on the company was $98.92 Million, and free cash flow was $17.86 Million.</p> 
<p>In 2022, <a href="https://www.thecoinrepublic.com/2023/08/26/hkd-stock-aim-to-retest-trendline-toward-6-44-after-6-decline/">AMTD Digital, Inc.</a> generated $33.06 Million in revenue from its profit margin of 126.22%. From the generated revenue of the company, earnings before interest, taxes, depreciation, and amortization (EBITDA) was 49%, earnings before interest and taxes (EBIT) were 43%, and net income was 126%.&nbsp;&nbsp;&nbsp;</p> 
<p>AMTD Digital, Inc. is a holding company that develops digital solutions applications under the AMTD SpiderNet platform.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Level: $5.47 &amp; $4.94&nbsp;&nbsp;</p> 
<p>Resistance Level: $5.72 &amp; $6.10&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion:&nbsp;</strong></h4> 
<p>AMTD Digital, Inc. (HKD) stock is losing its value rapidly, and in the weekly and quarterly time frame, it declined over 9.84% and 10.57%. However, HKD stock price has been consolidating in the range between $5 to $5.50 in the past few weeks. The MACD and RSI indicators show neutrality, but as per expectations, if buyers controlled the situation, it might soon break $6.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

AMTD Digital Inc Stock to Retest $6; Will HKD Break Consolidation?

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Thecoinrepublic.com

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