China Merchants China Direct Investments Stock Forecast
Green day on Friday for China Merchants China Direct Investments
(Updated on Jun 28, 2024)
The China Merchants China Direct Investments stock price gained 0.143% on the last trading day (Friday, 28th Jun 2024), rising from HK$14.00 to HK$14.02. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.15% from a day low at HK$13.94 to a day high of HK$14.10. The price has risen in 8 of the last 10 days and is up by 10.74% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 368 thousand shares were bought and sold for approximately HK$5.16 million. 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 very 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$13.68 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 52.15% during the next 3 months and, with a 90% probability hold a price between HK$20.81 and HK$26.71 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0133.HK Signals & Forecast
The China Merchants China Direct Investments 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$13.82 and HK$13.45. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, May 21, 2024, and so far it has fallen -5.27%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for China Merchants China Direct Investments stock
China Merchants China Direct Investments finds support from accumulated volume at HK$14.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.160 between high and low, or 1.15%. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: HK$13.28 (-5.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 67 days ago.)
Trading Expectations (0133.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect China Merchants China Direct Investments Limited to open at HK$14.02, and during the day (based on 14 day Average True Range), to move between HK$13.55 and HK$14.49, which gives a possible trading interval of +/-HK$0.471 (+/-3.36%) up or down from last closing price. If China Merchants China Direct Investments Limited takes out the full calculated possible swing range there will be an estimated 6.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$14.00 (0.14%) than the resistance at HK$14.16 (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Merchants China Direct Investments 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 China Merchants China Direct Investments stock to perform well in the short-term.
Current score: 4.925 Buy Candidate Unchanged
Predicted Opening Price for China Merchants China Direct Investments Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$14.02 ( 0.00000000%) | HK$14.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0133.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.18 | 1.14% |
| R2 | 14.12 | 0.705% |
| R1 | 14.08 | 0.436% |
| Price | 14.02 | |
| S1 | 13.96 | -0.436% |
| S2 | 13.92 | -0.705% |
| S3 | 13.86 | -1.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.80 | 5.56% |
| R2 | 14.22 | 1.43% |
| R1 | 14.16 | 1.00% |
| Price | 14.02 | |
| S1 | 14.00 | -0.143% |
| S2 | 13.80 | -1.57% |
| S3 | 12.42 | -11.41% |
0133 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 24, 2024 | Jun 24, 2024 | Jul 26, 2024 | HK$0.625 | 4.46% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | HK$0.546 | 6.36% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | HK$0.546 | 6.00% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | HK$0.0780 | 0.756% |
| 5 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | HK$0.546 | 6.49% |
FAQ
Click here for our free guide on how to buy China Merchants China Direct Investments Limited Stock.
