Capital Estate Limited Stock Forecast

Red day on Thursday for Capital Estate Limited stock after losing 0%
(Updated on Jun 20, 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$0.383 and HK$0.300. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. 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. 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -23.38% to HK$0.295 within 12 trading days since signal was issued (Wednesday, July 03, 2024).

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

Capital Estate Limited finds support from accumulated volume at HK$0.370 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 1.07%

Our recommended stop-loss: HK$0.363 (-5.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (0193.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Capital Estate Limited to open at HK$0.385, and during the day (based on 14 day Average True Range), to move between HK$0.362 and HK$0.408, which gives a possible trading interval of +/-HK$0.0230 (+/-5.98%) up or down from last closing price. If Capital Estate Limited takes out the full calculated possible swing range there will be an estimated 11.96% 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$0.395 (2.60%) than the support at HK$0.370 (3.90%), 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 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 Friday, June 21, 2024

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