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Weaker technical forecast for Northeast Electric Development Co Ltd as stock downgraded to Sell Candidate
(Updated on Nov 18, 2025)
The Northeast Electric Development Co Ltd stock price fell by -3.39% on the last day (Tuesday, 18th Nov 2025) from HK$0.295 to HK$0.285. During the last trading day the stock fluctuated 1.75% from a day low at HK$0.285 to a day high of HK$0.290. The price has risen in 6 of the last 10 days and is up by 5.56% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -66 thousand shares and in total, 126 thousand shares were bought and sold for approximately HK$35.91 thousand.
The stock lies in the middle of a very wide 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 -8.91% during the next 3 months and, with a 90% probability hold a price between HK$0.227 and HK$0.283 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.
0042.HK Signals & Forecast
There are mixed signals in the stock today. The Northeast Electric Development Co Ltd 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$0.286 and HK$0.289. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, October 20, 2025, and so far it has risen 7.55%. 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).
Support, Risk & Stop-loss for Northeast Electric Development Co Ltd stock
Northeast Electric Development Co Ltd finds support from accumulated volume at HK$0.275 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$0.0050 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0042.HK) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Northeast Electric Development Company Limited to open at HK$0.287, and during the day (based on 14 day Average True Range), to move between HK$0.277 and HK$0.293, which gives a possible trading interval of +/-HK$0.0166 (+/-6.02%) up or down from last closing price. If Northeast Electric Development Company Limited takes out the full calculated possible swing range there will be an estimated 6.02% 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$0.290 (1.75%) than the support at HK$0.275 (3.51%), 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 Northeast Electric Development Company Limited stock A Buy?
Northeast Electric Development Co Ltd holds several negative signals and we believe that 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 Buy to a Sell candidate.
Current score:
-1.959
Sell Candidate
Downgraded
Predicted Fair Opening Price
Predicted fair opening price on November 19, 2025 - HK$0.287 ( 0.585%).
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0042.HK Performance
Trading levels for 0042.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.292 | 2.34% |
| R2 | 0.290 | 1.67% |
| R1 | 0.289 | 1.25% |
| Price | 0.285 | |
| S1 | 0.285 | -0.0854% |
| S2 | 0.284 | -0.499% |
| S3 | 0.282 | -1.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.320 | 12.28% |
| R2 | 0.295 | 3.51% |
| R1 | 0.290 | 1.75% |
| Price | 0.285 | |
| S1 | 0.275 | -3.51% |
| S2 | 0.270 | -5.26% |
| S3 | 0.265 | -7.02% |
FAQ
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Buy 0042
A buy signal from a double bottom formation was found on Monday, October 20, 2025 and based on theory for this formation the price should go up by 25.37% to HK$0.357 within 13 trading days (Friday, November 07, 2025) since signal was issued.