Capital Estate Limited Stock Forecast

Capital Estate Limited stock downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 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$0.349 and HK$0.278. 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 Thursday, June 13, 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 Capital Estate Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.370 and HK$0.350. 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$0.370. If this is broken, then the next support from accumulated volume will be at HK$0.350 and HK$0.305.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0200 between high and low, or 5.33%. For the last week the stock has had daily average volatility of 11.21%.

Our recommended stop-loss: HK$0.380 (-3.86%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (0193.HK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Capital Estate Limited to open at HK$0.388, and during the day (based on 14 day Average True Range), to move between HK$0.365 and HK$0.425, which gives a possible trading interval of +/-HK$0.0302 (+/-7.65%) up or down from last closing price. If Capital Estate Limited takes out the full calculated possible swing range there will be an estimated 15.30% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.370, some HK$0.0250 (6.33%) from the current price of HK$0.395, our system finds the risk reward attractive.

Is Capital Estate 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 Capital Estate Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.210 Buy Candidate Downgraded

Predicted Opening Price for Capital Estate Limited of Monday, June 17, 2024

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