CCCG Real Estate Corp Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
CCCG Real Estate Corp Ltd stock downgraded to Hold/Accumulate
(Updated on May 07, 2024)
The CCCG Real Estate Corp Ltd stock price gained 1.60% on the last trading day (Tuesday, 7th May 2024), rising from ¥9.97 to ¥10.13. During the last trading day the stock fluctuated 4.89% from a day low at ¥9.82 to a day high of ¥10.30. The price has been going up and down for this period, and there has been a 11.93% gain for the last 2 weeks. Volume fell on the last day by -5 million shares and in total, 29 million shares were bought and sold for approximately ¥292.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 ¥8.73 and ¥11.33 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 ¥9.66 and ¥9.91. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.55%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for CCCG Real Estate Corp Ltd stock
CCCG Real Estate Corp Ltd finds support from accumulated volume at ¥10.12 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 ¥0.480 between high and low, or 4.89%. For the last week, the stock has had daily average volatility of 9.10%.
Our recommended stop-loss: ¥9.76 (-3.69%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (000736.SZ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect CCCG Real Estate Corp Ltd to open at ¥10.08, and during the day (based on 14 day Average True Range), to move between ¥9.49 and ¥10.77, which gives a possible trading interval of +/-¥0.643 (+/-6.35%) 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 12.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥10.12 (0.10%) than the resistance at ¥10.60 (4.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CCCG Real Estate Corp Ltd will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for CCCG Real Estate Corp Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.62% in the first trading day after earnings release.
Is CCCG Real Estate Corp Ltd stock A Buy?
CCCG Real Estate Corp Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.734 Hold/Accumulate Downgraded
Predicted Opening Price for CCCG Real Estate Corp Ltd of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ¥10.08 ( 0.461%) | ¥10.13 |
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 | 10.56 | 4.28 % | |
| R2 | 10.38 | 2.47 % | ||
| R1 | 10.27 | 1.35 % | ||
| Current price: | 10.13 | |||
| Support | S1 | 9.90 | -2.27 % | |
| S2 | 9.79 | -3.39 % | ||
| S3 | 9.60 | -5.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.50 | 13.52 % | |
| R2 | 10.98 | 8.39 % | ||
| R1 | 10.60 | 4.64 % | ||
| Current price | 10.13 | |||
| Support | S1 | 10.12 | -0.0987% | |
| S2 | 9.81 | -3.16% | ||
| S3 | 9.72 | -4.05% |
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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