- The trend backdrop is active with a 12-week active streak.
- Price is above the Trend Line, keeping the weekly tape constructive.
- Price is above Fair Value, showing premium demand versus the model.
- Activity pressure is positive on the latest completed week.
2239
HKG
Week ended 07 Aug 2026
Weekly Investor Report
SMIT Holdings Limited · Technology · Semiconductors
Latest close
1.43 HKD
4.8%
latest week
Weekly setup
Constructive, but selective
The weekly trend is active. Price is 41.1% above the Trend Line and sits at 44.6% of its 52-week range. The latest completed week returned 4.8%, after a 6.3% four-week move. The latest news-sentiment score is 50/100. Near-term considerations: volume confirmation is below normal.
Setup score
52
out of 100
Latest Close
1.43 HKD
7 Aug 2026
1W Return
4.8%
latest completed week
4W Return
6.3%
short-term follow-through
12W Return
55.7%
quarterly tape
Trend Breadth
32.7%
17 of 52 weeks active
Volume Ratio
0.1x
vs 13-week average
- Next-week expectancy is negative at 28.11% based on similar historical setup states.
- The share remains more than 20% below its 52-week high.
- Recent volatility is running well above the one-year baseline.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
4.8%
Latest completed week; four-week move 6.3%.
Indicator stack
60/54
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Quiet
Activity-pressure buy-signal status for institutional accumulation timing.
Next-Week Expectancy
Negative 28.11%
Historical one-week expectancy contributes to the evidence score when direction is confirmed.
News sentiment
50/100
2 relevant articles in the latest sentiment read.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is active. Price is 41.1% above the Trend Line and sits at 44.6% of its 52-week range. The latest completed week returned 4.8%, after a 6.3% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 0.1x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
13 Feb
20 Feb
27 Feb
6 Mar
13 Mar
20 Mar
27 Mar
3 Apr
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
31 Jul
7 Aug
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.8912-week average 0.67
12-week confirmation
Trend active12/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership12/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.89Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers
No recent accumulation markers. No reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is 6.3% over four weeks, 55.7% over 12 weeks, and 48.4% over one year. The current trend has remained active for 12 consecutive weeks.
Performance by holding period
Active trend streak12 weeks
Active weeks in one year17
Trend breadth32.7%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure0.40Latest activity-pressure read.
Pressure change-33.8%Four-week change in activity pressure.
Leadership49.70Latest relative-leadership reading.
RS change-6.4%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
A published fundamentals and factor snapshot is not available for this company.
No published fundamental snapshot is available for this company.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Insider activity-
No recent insider transactions are stored for this company.
News sentiment50/100
Weighted news tone is neutral across 2 relevant articles.
0 positive · 2 neutral · 0 negativePatient CapitalQuiet
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-40.3%Distance below the 52-week high.
13-week volatility27.8%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
13 Feb
13 Mar
10 Apr
8 May
5 Jun
3 Jul
7 Aug
Weeks higher13 of 2610 weeks finished lower.
Best week+91.5%Week of 29 May.
Worst week-19.2%Week of 12 Jun.
Latest week+4.8%Week of 7 Aug.
Shape of recent returns
Strong gains8
Modest gains5
Flat weeks3
Modest losses4
Sharp losses6
Recent vol27.8%13-week weekly-return volatility.
Base vol15.5%52-week weekly-return volatility.
Up/down split23/25Count of positive and negative weeks in the 52-week window.
Average skew11.2% / -6.8%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorHK Technology
4-week rank- / 100
Group average0.5%
Trend breadth14.0%
Trend14.0%active weekly trend signals
MD14.0%positive activity pressure
RS12.0%positive relative leadership
Four-week leaders
IndustryHK Semiconductors
4-week rank1 / 26
Group average-10.8%
Trend breadth19.2%
Trend19.2%active weekly trend signals
MD15.4%positive activity pressure
RS19.2%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape48/100
Trend, activity pressure, participation, and risk combine to a 48/100 tape read.
Indicator analysis90/100Latest 12-week confirmation: trend 12/12, activity pressure 12/12, relative leadership 12/12.
Activity pressure 0.89; No reversal markers Next-Week ExpectancyNegative 28.11%Next-week expectancy is negative with a 28.11% historical one-week setup read.
Adds short-term historical context without overriding trend, activity, or relative leadership. Factors50/100No published factor snapshot is available yet.
Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Sentiment50/100Weighted news tone is neutral across 2 relevant articles.
Price to book forward of SMIT Holdings Limited – HKEX:2239 Insiders50/100No recent insider transaction evidence is stored.
Earnings50/100No stored earnings event is currently attached to this ticker.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 7 Aug 2026 | 1.43 HKD | 4.8% | 1.01 HKD | 1.10 HKD | 0.40 | 49.70 | 70.0K | On |
| 31 Jul 2026 | 1.36 HKD | 10.6% | 0.99 HKD | 1.10 HKD | 0.47 | 42.93 | 34.0K | On |
| 24 Jul 2026 | 1.23 HKD | -3.9% | 0.97 HKD | 1.10 HKD | 0.42 | 34.72 | 65.0K | On |
| 17 Jul 2026 | 1.28 HKD | -4.5% | 0.96 HKD | 1.10 HKD | 0.52 | 42.99 | 318.0K | On |
| 10 Jul 2026 | 1.34 HKD | 31.4% | 0.94 HKD | 1.11 HKD | 0.60 | 53.08 | 881.0K | On |
| 3 Jul 2026 | 1.02 HKD | -18.4% | 0.92 HKD | 1.11 HKD | 0.61 | 21.36 | 161.0K | On |
| 26 Jun 2026 | 1.25 HKD | 1.6% | 0.92 HKD | 1.11 HKD | 0.85 | 53.56 | 50.0K | On |
| 19 Jun 2026 | 1.23 HKD | 4.2% | 0.90 HKD | 1.12 HKD | 1.06 | 44.59 | 244.0K | On |
| 12 Jun 2026 | 1.18 HKD | -19.2% | 0.89 HKD | 1.12 HKD | 1.07 | 34.85 | 0 | On |
| 5 Jun 2026 | 1.46 HKD | -18.4% | 0.87 HKD | 1.12 HKD | 1.11 | 65.67 | 918.0K | On |
| 29 May 2026 | 1.79 HKD | 91.5% | 0.86 HKD | 1.13 HKD | 1.08 | 104.00 | 11.4M | On |
| 22 May 2026 | 0.93 HKD | 2.2% | 0.83 HKD | 1.13 HKD | 0.75 | 6.60 | 249.0K | On |
| 15 May 2026 | 0.92 HKD | 0.0% | 0.82 HKD | 1.13 HKD | 0.31 | 2.39 | 472.0K | Off |
| 8 May 2026 | 0.92 HKD | 15.0% | 0.82 HKD | 1.14 HKD | -0.09 | 0.68 | 820.0K | Off |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.