Great China Properties Holdings Limited Stock Forecast

Great China Properties Holdings Limited stock downgraded from Sell Candidate to Strong Sell Candidate after Thursday trading session.
(Updated on Jun 27, 2024)

0021.HK Signals & Forecast

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. The Great China Properties Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.130 and HK$0.135. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -0.769%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Great China Properties Holdings Limited stock

Great China Properties Holdings Limited finds support from accumulated volume at HK$0.126 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.83%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0021.HK) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Great China Properties Holdings Limited to open at HK$0.129, and during the day (based on 14 day Average True Range), to move between HK$0.124 and HK$0.134, which gives a possible trading interval of +/-HK$0.0046 (+/-3.55%) up or down from last closing price. If Great China Properties Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.130 (0.78%) than the support at HK$0.126 (2.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Great China Properties Holdings Limited stock A Buy?

Great China Properties Holdings Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.569 Strong Sell Candidate Downgraded

Predicted Opening Price for Great China Properties Holdings Limited of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.