Tian An China Investments Co Ltd Stock Forecast
Tian An China Investments Co Ltd stock price ended at HK$3.87 on Tuesday, after gaining 0.259%.
(Updated on Apr 30, 2024)
The Tian An China Investments Co Ltd stock price gained 0.259% on the last trading day (Tuesday, 30th Apr 2024), rising from HK$3.86 to HK$3.87. During the last trading day the stock fluctuated 0.519% from a day low at HK$3.85 to a day high of HK$3.87. The price has been going up and down for this period, and there has been a -2.27% loss for the last 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 32 thousand shares were bought and sold for approximately HK$123.84 thousand. 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 lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$3.78 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.05% during the next 3 months and, with a 90% probability hold a price between HK$4.69 and HK$5.53 at the end of this 3-month period.
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0028.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Tian An China Investments Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$4.00. On a fall, the stock will find some support from the short-term average at HK$3.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -9.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Tian An China Investments Co Ltd stock
Tian An China Investments Co Ltd finds support from accumulated volume at HK$3.85 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0200 between high and low, or 0.519%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0028.HK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Tian An China Investments Company Limited to open at HK$3.86, and during the day (based on 14 day Average True Range), to move between HK$3.78 and HK$3.96, which gives a possible trading interval of +/-HK$0.0870 (+/-2.25%) up or down from last closing price. If Tian An China Investments Company Limited takes out the full calculated possible swing range there will be an estimated 4.50% 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$3.88 (0.26%) than the support at HK$3.85 (0.52%), 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 Tian An China Investments Company Limited stock A Buy?
The Tian An China Investments Co Ltd stock holds several negative signals and despite the positive trend, we believe Tian An China Investments Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.108 Sell Candidate Unchanged
Predicted Opening Price for Tian An China Investments Company Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| HK$3.86 ( 0.172%) | HK$3.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0028.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.88 | 0.345 % | |
| R2 | 3.88 | 0.147 % | ||
| R1 | 3.87 | 0.0252 % | ||
| Current price: | 3.87 | |||
| Support | S1 | 3.86 | -0.370 % | |
| S2 | 3.85 | -0.492 % | ||
| S3 | 3.84 | -0.689 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.02 | 3.88 % | |
| R2 | 3.96 | 2.33 % | ||
| R1 | 3.88 | 0.258 % | ||
| Current price | 3.87 | |||
| Support | S1 | 3.85 | -0.517% | |
| S2 | 3.75 | -3.10% | ||
| S3 | 3.65 | -5.68% |
0028 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | Apr 25, 2024 | HK$0 | 0% |
| 2 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | HK$0.250 | 5.84% |
| 3 | Apr 08, 2022 | Apr 08, 2022 | Apr 08, 2022 | HK$0.200 | 5.49% |
| 4 | Apr 01, 2021 | Apr 01, 2021 | Apr 01, 2021 | HK$0.200 | 4.29% |
| 5 | Apr 07, 2020 | Apr 07, 2020 | Apr 07, 2020 | HK$0.200 | 6.85% |
FAQ
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