China Vered Financial Holding Corp Ltd Stock Forecast

Big movements in China Vered Financial Holding Corp Ltd stock price on Friday moving 79.55% between high and low
(Updated on Jun 28, 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$0.0624 and HK$0.0641. 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$0.0460 and HK$0.0430. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$0.0430 may give a huge drop in the stock price.

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$0.0350 between high and low, or 79.55%. For the last week, the stock has had daily average volatility of 24.07%.

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 Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect China Vered Financial Holding Corporation Limited to open at HK$0.0593, and during the day (based on 14 day Average True Range), to move between HK$0.0476 and HK$0.0624, which gives a possible trading interval of +/-HK$0.0074 (+/-13.54%) 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 27.09% 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$0.0630 (14.55%) than the support at HK$0.0460 (16.36%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.050 Strong Sell Candidate Downgraded

Predicted Opening Price for China Vered Financial Holding Corporation Limited of Tuesday, July 2, 2024

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