CCCG Real Estate Corp Ltd Stock Forecast
CCCG Real Estate Corp Ltd stock price ended at ¥9.97 on Monday, after losing 0.796%.
(Updated on May 06, 2024)
The CCCG Real Estate Corp Ltd stock price fell by -0.796% on the last day (Monday, 6th May 2024) from ¥10.05 to ¥9.97. During the last trading day the stock fluctuated 5.53% from a day low at ¥9.95 to a day high of ¥10.50. The price has fallen in 6 of the last 10 days but is still up by 7.44% over the past 2 weeks. Volume has increased on the last day by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 34 million shares were bought and sold for approximately ¥341.47 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CCCG Real Estate Corp Ltd stock with a 90% probability to be traded between ¥8.80 and ¥11.46 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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000736.SZ Signals & Forecast
The CCCG Real Estate Corp Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥9.49 and ¥9.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 12.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for CCCG Real Estate Corp Ltd stock
CCCG Real Estate Corp Ltd finds support from accumulated volume at ¥9.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.550 between high and low, or 5.53%. For the last week, the stock has had daily average volatility of 8.94%.
Our recommended stop-loss: ¥9.69 (-2.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (000736.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect CCCG Real Estate Corp Ltd to open at ¥10.14, and during the day (based on 14 day Average True Range), to move between ¥9.31 and ¥10.63, which gives a possible trading interval of +/-¥0.655 (+/-6.57%) up or down from last closing price. If CCCG Real Estate Corp Ltd takes out the full calculated possible swing range there will be an estimated 13.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.81 (1.60%) than the resistance at ¥10.60 (6.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CCCG Real Estate Corp Ltd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for CCCG Real Estate Corp Ltd stock to perform well in the short-term period.
Current score: 3.035 Buy Candidate Unchanged
Predicted Opening Price for CCCG Real Estate Corp Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥10.14 ( 1.71%) | ¥9.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000736.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.69 | 7.22 % | |
| R2 | 10.48 | 5.11 % | ||
| R1 | 10.35 | 3.81 % | ||
| Current price: | 9.97 | |||
| Support | S1 | 9.93 | -0.402 % | |
| S2 | 9.80 | -1.70 % | ||
| S3 | 9.59 | -3.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.50 | 15.35 % | |
| R2 | 10.98 | 10.13 % | ||
| R1 | 10.60 | 6.32 % | ||
| Current price | 9.97 | |||
| Support | S1 | 9.81 | -1.60% | |
| S2 | 9.72 | -2.51% | ||
| S3 | 9.69 | -2.81% |
000736 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | ¥0.0100 | 0.0638% |
| 2 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | ¥0.0400 | 0.251% |
| 3 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | ¥0.0500 | 0.794% |
| 4 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | ¥0.110 | 1.65% |
| 5 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | ¥0.144 | 2.05% |
FAQ
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