CCT Fortis Holdings Limited Stock Forecast
Green day on Monday for CCT Fortis Holdings Limited
(Updated on Jun 17, 2024)
The CCT Fortis Holdings Limited stock price gained 2.88% on the last trading day (Monday, 17th Jun 2024), rising from HK$0.104 to HK$0.107. During the last trading day the stock fluctuated 6.80% from a day low at HK$0.103 to a day high of HK$0.110. The price has fallen in 5 of the last 10 days and is down by -9.32% for this period. Volume fell on the last day by -94 thousand shares and in total, 182 thousand shares were bought and sold for approximately HK$19.49 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.114 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -56.45% during the next 3 months and, with a 90% probability hold a price between HK$0.0290 and HK$0.0496 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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0138.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 4.90%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CCT Fortis Holdings Limited 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$0.109 and HK$0.121. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for CCT Fortis Holdings Limited stock
CCT Fortis Holdings Limited finds support from accumulated volume at HK$0.104 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$0.0070 between high and low, or 6.80%. For the last week the stock has had daily average volatility of 5.03%.
CCT Fortis Holdings Limited is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0138.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect CCT Fortis Holdings Limited to open at HK$0.107, and during the day (based on 14 day Average True Range), to move between HK$0.0990 and HK$0.115, which gives a possible trading interval of +/-HK$0.0080 (+/-7.47%) up or down from last closing price. If CCT Fortis Holdings Limited takes out the full calculated possible swing range there will be an estimated 14.94% 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$0.104 (2.80%) than the resistance at HK$0.111 (3.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CCT Fortis Holdings Limited stock A Buy?
CCT Fortis Holdings Limited holds several negative signals and is within a very wide 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.
Current score: -1.600 Sell Candidate Unchanged
Predicted Opening Price for CCT Fortis Holdings Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$0.107 ( 0.312%) | HK$0.107 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0138.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.114 | 6.23% |
| R2 | 0.111 | 3.73% |
| R1 | 0.109 | 2.19% |
| Price | 0.107 | |
| S1 | 0.104 | -2.81% |
| S2 | 0.102 | -4.35% |
| S3 | 0.0997 | -6.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.120 | 12.15% |
| R2 | 0.119 | 11.21% |
| R1 | 0.111 | 3.74% |
| Price | 0.107 | |
| S1 | 0.104 | -2.80% |
| S2 | 0.102 | -4.67% |
| S3 | 0 | - |
0138 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 12, 2018 | Sep 12, 2018 | Sep 12, 2018 | HK$0.0350 | 4.43% |
| 2 | May 29, 2018 | May 29, 2018 | May 29, 2018 | HK$0.0350 | 3.72% |
| 3 | Sep 11, 2017 | Sep 11, 2017 | Sep 11, 2017 | HK$0.0350 | 3.50% |
| 4 | May 26, 2017 | May 26, 2017 | May 26, 2017 | HK$0.0350 | 3.30% |
| 5 | Sep 08, 2016 | Sep 08, 2016 | Sep 08, 2016 | HK$0.0350 | 3.40% |
FAQ
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