Sunny Optical has a 53% probability of rising, with the key being whether it can break through 67.4 yuan in the short term.

As of May 13, 2026, Sunny Optical Technology (02382.HK) closed at 65.6 yuan, up 3.31%, with a 5-day volatility of 7.8%, indicating mild amplification of short-term fluctuations. In terms of technical indicators, MA10, MA30, and MA60 are located at 65.49 yuan, 62.83 yuan, and 59.53 yuan respectively, with the share price above all three moving averages. Additionally, MA10 has crossed above MA30, showing signs of improvement in the short to medium-term structure.

The Relative Strength Index (RSI) is at 55, within the neutral zone, showing no overbought or oversold pressure. However, the overall signal from the technical indicators is 'Sell' with a strength rating of 8, primarily due to divergence among several indicators — the Stochastic Oscillator shows a buy signal, as does the Rate of Change indicator, while the Bull/Bear Power indicator and Ichimoku Cloud both indicate buying, but the MACD signal gives a sell indication, and the Bollinger Bands remain neutral. This kind of divergence is common when stock prices rebound from lows to key levels, with short-term momentum still present but trend confirmation requiring more time. Looking at the support and resistance structure, Sunny Optical's short-term supports are set at 63.4 yuan and 62 yuan; resistances are at 67.4 yuan and 69.6 yuan respectively. The probability of an upward movement calculated from technical conditions is 53%, indicating that the balance of power slightly favors the bulls, but the advantage is not significant. The closing price on May 13 was 65.8 yuan, above Support 1 and below Resistance 1, with about 1.6 yuan remaining to the first resistance level of 67.4 yuan, making the ability to break through this level in the short term a key factor for subsequent trends.

In terms of news, the market is also paying attention to developments in Apple's supply chain, with Sunny Optical, as a potential iPhone lens supplier, continuing to attract capital interest. These updates correlate with the stock’s recovery from around 61.5 yuan in early May to 65.8 yuan, reflecting improving market expectations for the company's fundamentals. However, it should be noted that the current share price remains below the Q4 2025 high range of over 70 yuan, and further performance confirmation will be needed to support additional upside.

Based on current technical conditions and market sentiment, investors may want to consider the following three warrant products, each closely tied to Sunny Optical's support and resistance levels:

BOC Call Warrant (27858) $BI-SUNY@EC2706A.C (27858.HK)$ , with a strike price of 60 yuan and leverage of approximately 2.6 times. A notable advantage of this product is its implied volatility, which is the lowest in its category, meaning less premium paid upon purchase and relatively slower time decay. The strike price of 60 yuan, lower than the current price of 65.8 yuan, makes this an in-the-money call warrant, providing strong intrinsic value protection. This product is suitable for investors expecting the stock price to hold firm near the first support level of 63.4 yuan and gradually test the first resistance level of 67.4 yuan and the second resistance level of 69.6 yuan. As the strike price is below the current stock price, even if there is a short-term pullback to 63.4 yuan, the warrant would remain in-the-money, keeping risk relatively manageable. The lower implied volatility also helps reduce holding costs during periods of sideways consolidation.

JPMorgan Put Warrant (28444) $JP-SUNY@EP2701A.P (28444.HK)$ with a strike price of 58.99 yuan, offering leverage of approximately 2.6 times. Its advantages lie in having the lowest premium and implied volatility among similar products. The strike price of 58.99 yuan is below the current price of 65.8 yuan but close to the second support level at 62 yuan, making it an in-the-money put warrant. This product is suitable for investors who expect the stock price to retreat to the support level area. If Sunny Optical fails to break through the resistance level of 67.4 yuan in the short term and declines to 63.4 yuan or even 62 yuan due to profit-taking pressure, the intrinsic value of this put warrant will increase accordingly. With the lowest premium and implied volatility, it offers better cost-effectiveness during the holding period, making it suitable for hedging or short-term bearish strategies.

UBS Group Put Warrant (28194) $UB-SUNY@EP2703A.P (28194.HK)$ with a strike price of 58.88 yuan, offering leverage of approximately 1.8 times. The advantage of this product lies in having the highest leverage among the three options while also maintaining a relatively low implied volatility. The strike price of 58.88 yuan is also near the second support level at 62 yuan, qualifying it as an in-the-money put warrant. Compared to the JPMorgan put warrant, its higher leverage means that when the stock price falls below the support level, its theoretical upside potential is greater. It is suitable for investors expecting Sunny Optical to undergo a deeper correction after hitting the resistance zone. Note that the higher leverage comes with increased sensitivity to price fluctuations, so deployment should consider the defensive strength of the support levels at 63.4 yuan and 62 yuan.

In summary, Sunny Optical's short-term technical structure leans bullish but signals are mixed, with the MACD sell signal indicating the risk of chasing higher prices. Investors can choose between call or put warrants based on their judgment of whether the stock price will break through the resistance level of 67.4 yuan. Regarding bull and bear contracts, since no specific recommendations were provided in this review, interested investors may independently monitor bull contracts with a recovery price below the 62 yuan support level or bear contracts with a recovery price above the 69.6 yuan resistance level.

Warm Reminder: This article does not constitute any investment advice. It is for reference only and does not constitute any investment advice. The market data, opinions, and analysis contained herein may change at any time without prior notice. We are not responsible for any loss or damage caused by reliance on the information in this article. Technical analysis only shows whether certain technical conditions are met; a comprehensive evaluation of asset performance should be made using other data, and trading decisions should not be based solely on this article. Please note that past performance is not indicative of future results. Follow HK Stocks Warrants Jenny for more professional insights.

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