Chinese Estates Holdings Limited Stock Forecast
Red day on Friday for Chinese Estates Holdings Limited
(Updated on May 31, 2024)
The Chinese Estates Holdings Limited stock price fell by -2.42% on the last day (Friday, 31st May 2024) from HK$1.24 to HK$1.21. During the last trading day the stock fluctuated 2.48% from a day low at HK$1.21 to a day high of HK$1.24. The price has fallen in 6 of the last 10 days and is down by -6.92% for this period. 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 -399 thousand shares and in total, 199 thousand shares were bought and sold for approximately HK$240.79 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.42% during the next 3 months and, with a 90% probability hold a price between HK$1.20 and HK$1.47 at the end of this 3-month period.
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0127.HK Signals & Forecast
The Chinese Estates Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$1.19 and HK$1.11. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -6.92%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Chinese Estates Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$1.14 and HK$1.04. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Chinese Estates Holdings Limited finds support just below today's level at HK$1.14. If this is broken, then the next support from accumulated volume will be at HK$1.04 and HK$1.02.
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$0.0300 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 4.99%.
Our recommended stop-loss: HK$1.15 (-5.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (0127.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Chinese Estates Holdings Limited to open at HK$1.22, and during the day (based on 14 day Average True Range), to move between HK$1.16 and HK$1.26, which gives a possible trading interval of +/-HK$0.0541 (+/-4.47%) up or down from last closing price. If Chinese Estates Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.94% 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$1.22 (0.83%) than the support at HK$1.14 (5.79%), 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 Chinese Estates Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Chinese Estates Holdings Limited stock to perform well in the short-term.
Current score: 1.855 Buy Candidate Unchanged
Predicted Opening Price for Chinese Estates Holdings Limited of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
HK$1.22 ( 0.83%) | HK$1.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0127.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.25 | 3.31 % | |
R2 | 1.24 | 2.36 % | ||
R1 | 1.23 | 1.77 % | ||
Current price: | 1.21 | |||
Support | S1 | 1.21 | -0.121 % | |
S2 | 1.20 | -0.706 % | ||
S3 | 1.19 | -1.65 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.30 | 7.44 % | |
R2 | 1.24 | 2.48 % | ||
R1 | 1.22 | 0.83 % | ||
Current price | 1.21 | |||
Support | S1 | 1.14 | -5.79% | |
S2 | 1.04 | -14.05% | ||
S3 | 1.02 | -15.70% |
0127 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 28, 2021 | May 28, 2021 | May 28, 2021 | HK$0.0100 | 0.262% |
2 | Aug 25, 2020 | Aug 25, 2020 | Aug 25, 2020 | HK$0.0100 | 0.198% |
3 | May 28, 2020 | May 28, 2020 | May 28, 2020 | HK$0.0100 | 0.285% |
4 | Aug 14, 2019 | Aug 14, 2019 | Aug 14, 2019 | HK$0.0100 | 0.183% |
5 | May 28, 2019 | May 28, 2019 | May 28, 2019 | HK$0.100 | 1.36% |
FAQ
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