Century Ginwa Retail Holdings Limited Stock Forecast

Red day on Wednesday for Century Ginwa Retail Holdings Limited stock after losing 0%
(Updated on Jun 19, 2024)

0162.HK Signals & Forecast

The Century Ginwa Retail Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.0993 and HK$0.0997. A breakdown below any of these levels will issue sell signals. 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, June 18, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Century Ginwa Retail Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.100 and HK$0.0980. 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, Century Ginwa Retail Holdings Limited finds support just below today's level at HK$0.100. If this is broken, then the next support from accumulated volume will be at HK$0.0980 and HK$0.0920.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.80%

Our recommended stop-loss: HK$0.111 (-3.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (0162.HK) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Century Ginwa Retail Holdings Limited to open at HK$0.115, and during the day (based on 14 day Average True Range), to move between HK$0.104 and HK$0.126, which gives a possible trading interval of +/-HK$0.0113 (+/-9.83%) up or down from last closing price. If Century Ginwa Retail Holdings Limited takes out the full calculated possible swing range there will be an estimated 19.66% 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$0.128 (11.30%) than the support at HK$0.100 (13.04%), 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 Century Ginwa Retail Holdings Limited stock A Buy?

Century Ginwa Retail Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.267 Hold/Accumulate Unchanged

Predicted Opening Price for Century Ginwa Retail Holdings Limited of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.