Capital Estate Limited Stock Forecast

Volatile ride for Capital Estate Limited stock price on Wednesday moving between HK$0.260 and HK$0.350
(Updated on May 22, 2024)

0193.HK Signals & Forecast

The Capital Estate 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$0.233 and HK$0.186. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 45.24%. Further rise is indicated until a new top pivot has been found. Capital Estate Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Capital Estate Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.242 and HK$0.239. 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, Capital Estate Limited finds support just below today's level at HK$0.242. If this is broken, then the next support from accumulated volume will be at HK$0.239 and HK$0.231.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0900 between high and low, or 34.62%. For the last week, the stock has had daily average volatility of 10.07%.

Our recommended stop-loss: HK$0.294 (-3.48%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (0193.HK) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Capital Estate Limited to open at HK$0.305, and during the day (based on 14 day Average True Range), to move between HK$0.286 and HK$0.324, which gives a possible trading interval of +/-HK$0.0193 (+/-6.33%) up or down from last closing price. If Capital Estate Limited takes out the full calculated possible swing range there will be an estimated 12.66% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.242, some HK$0.0630 (20.66%) from the current price of HK$0.305, our system finds the risk reward attractive.

Is Capital Estate Limited stock A Buy?

Capital Estate 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Capital Estate Limited of Thursday, May 23, 2024

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