Crocodile Garments Limited Stock Forecast
Green day on Tuesday for Crocodile Garments Limited stock after gaining 0.87%
(Updated on Jun 25, 2024)
The Crocodile Garments Limited stock price gained 0.87% on the last trading day (Tuesday, 25th Jun 2024), rising from HK$0.115 to HK$0.116. During the last trading day the stock fluctuated 5.17% from a day low at HK$0.116 to a day high of HK$0.122. The price has risen in 4 of the last 10 days but is still down by -3.33% for this period. Volume fell on the last day by -11 thousand shares and in total, 65 thousand shares were bought and sold for approximately HK$7.54 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 middle of a 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 -9.16% during the next 3 months and, with a 90% probability hold a price between HK$0.0954 and HK$0.115 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.
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0122.HK Signals & Forecast
There are mixed signals in the stock today. The Crocodile Garments Limited 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$0.121. On a fall, the stock will find some support from the short-term average at HK$0.114. 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. 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 not be. 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 Wednesday, June 19, 2024, and so far it has risen 3.57%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Crocodile Garments Limited stock
Crocodile Garments Limited finds support from accumulated volume at HK$0.115 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$0.0060 between high and low, or 5.17%. For the last week the stock has had daily average volatility of 3.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0122.HK) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Crocodile Garments Limited to open at HK$0.118, and during the day (based on 14 day Average True Range), to move between HK$0.112 and HK$0.120, which gives a possible trading interval of +/-HK$0.0036 (+/-3.09%) up or down from last closing price. If Crocodile Garments Limited takes out the full calculated possible swing range there will be an estimated 6.18% 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$0.117 (0.86%) than the support at HK$0.115 (0.86%), 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 Crocodile Garments Limited stock A Buy?
Crocodile Garments Limited 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.
Current score: -1.598 Sell Candidate Unchanged
Predicted Opening Price for Crocodile Garments Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| HK$0.118 ( 1.72%) | HK$0.116 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0122.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.124 | 6.90% |
| R2 | 0.122 | 4.92% |
| R1 | 0.120 | 3.70% |
| Price | 0.116 | |
| S1 | 0.116 | -0.252% |
| S2 | 0.114 | -1.47% |
| S3 | 0.112 | -3.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.123 | 6.03% |
| R2 | 0.120 | 3.45% |
| R1 | 0.117 | 0.86% |
| Price | 0.116 | |
| S1 | 0.115 | -0.86% |
| S2 | 0.114 | -1.72% |
| S3 | 0.112 | -3.45% |
0122 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2018 | Dec 19, 2018 | Dec 19, 2018 | HK$0.0083 | 1.23% |
| 2 | Dec 04, 2008 | Dec 04, 2008 | Dec 04, 2008 | HK$0.0167 | 13.51% |
| 3 | Dec 14, 2007 | Dec 14, 2007 | Dec 14, 2007 | HK$0.0056 | 1.72% |
FAQ
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