The Cross-Harbour (Holdings) Limited Stock Forecast
The Cross-Harbour (Holdings) Limited stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on May 22, 2024)
The The Cross-Harbour (Holdings) Limited stock price fell by -1.37% on the last day (Wednesday, 22nd May 2024) from HK$7.30 to HK$7.20. During the last trading day the stock fluctuated 1.41% from a day low at HK$7.10 to a day high of HK$7.20. The price has risen in 4 of the last 10 days. Volume has increased on the last day by 110 thousand 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, 112 thousand shares were bought and sold for approximately HK$805.93 thousand.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.50% during the next 3 months and, with a 90% probability hold a price between HK$6.86 and HK$7.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0032.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 The Cross-Harbour (Holdings) Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$7.24 and HK$7.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -2.70%. Further fall is indicated until a new bottom pivot has been found. The Cross-Harbour (Holdings) Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for The Cross-Harbour (Holdings) Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.100 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0032.HK) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect The Cross-Harbour (Holdings) Limited to open at HK$7.17, and during the day (based on 14 day Average True Range), to move between HK$7.13 and HK$7.27, which gives a possible trading interval of +/-HK$0.0749 (+/-1.04%) up or down from last closing price. If The Cross-Harbour (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$7.23, some HK$0.0300 (0.42%) from the current price of HK$7.20, our system finds the risk reward not very attractive.
Is The Cross-Harbour (Holdings) Limited stock A Buy?
The Cross-Harbour (Holdings) Limited holds several negative signals and is within a narrow 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 Hold/Accumulate to a Sell candidate.
Current score: -3.872 Sell Candidate Downgraded
Predicted Opening Price for The Cross-Harbour (Holdings) Limited of Thursday, May 23, 2024
Fair opening price May 23, 2024 | Current price |
---|---|
HK$7.17 ( 0.463%) | HK$7.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0032.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.27 | 0.93 % | |
R2 | 7.23 | 0.395 % | ||
R1 | 7.20 | 0.0676 % | ||
Current price: | 7.20 | |||
Support | S1 | 7.13 | -0.99 % | |
S2 | 7.10 | -1.32 % | ||
S3 | 7.07 | -1.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.39 | 2.64 % | |
R2 | 7.29 | 1.25 % | ||
R1 | 7.23 | 0.417 % | ||
Current price | 7.20 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
0032 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 22, 2024 | May 22, 2024 | Jun 03, 2024 | HK$0.240 | 3.33% |
2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | HK$0 | 0% |
3 | Sep 04, 2023 | Sep 04, 2023 | Sep 04, 2023 | HK$0.0600 | 0.731% |
4 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | HK$0.0600 | 0.680% |
5 | May 24, 2023 | May 24, 2023 | May 24, 2023 | HK$0.240 | 2.45% |
FAQ
Click here for our free guide on how to buy The Cross-Harbour (Holdings) Limited Stock.