China Vered Financial Holding Corp Ltd Stock Forecast

High volatility in China Vered Financial Holding Corp Ltd stock price on Wednesday which ended trading at HK$0.0550
(Updated on Jun 26, 2024)

0245.HK Signals & Forecast

There are few to no technical positive signals at the moment. The China Vered Financial Holding Corp Ltd 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$0.0644 and HK$0.0647. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -28.57%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for China Vered Financial Holding Corp Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0500 and HK$0.0460. 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, China Vered Financial Holding Corp Ltd finds support just below today's level at HK$0.0500. If this is broken, then the next support from accumulated volume will be at HK$0.0460 and HK$0.0430.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0100 between high and low, or 18.18%. For the last week, the stock has had daily average volatility of 7.97%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0245.HK) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect China Vered Financial Holding Corporation Limited to open at HK$0.0583, and during the day (based on 14 day Average True Range), to move between HK$0.0498 and HK$0.0602, which gives a possible trading interval of +/-HK$0.0052 (+/-9.42%) up or down from last closing price. If China Vered Financial Holding Corporation Limited takes out the full calculated possible swing range there will be an estimated 18.85% 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$0.0500 (9.09%) than the resistance at HK$0.0630 (14.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is China Vered Financial Holding Corporation Limited stock A Buy?

The China Vered Financial Holding Corp Ltd stock holds several negative signals and despite the positive trend, we believe China Vered Financial Holding Corp Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.671 Sell Candidate Unchanged

Predicted Opening Price for China Vered Financial Holding Corporation Limited of Thursday, June 27, 2024

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