RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 0256.HK
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Red day on Thursday for Citychamp Watch & Jewellery Group Ltd stock after losing 1.94%
(Updated on Mar 28, 2024)

Sell candidate since Mar 08, 2024 Loss -4.72% PDF

The Citychamp Watch & Jewellery Group Ltd stock price fell by -1.94% on the last day (Thursday, 28th Mar 2024) from HK$1.03 to HK$1.01. During the last trading day the stock fluctuated 8.00% from a day low at HK$1.00 to a day high of HK$1.08. The price has risen in 5 of the last 10 days but is still down by -1.94% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately HK$1.55 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.88% during the next 3 months and, with a 90% probability hold a price between HK$0.89 and HK$1.04 at the end of this 3-month period.

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0256.HK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Citychamp Watch & Jewellery Group 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$1.03 and HK$1.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -14.41%. Further fall is indicated until a new bottom pivot has been found. 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 Citychamp Watch & Jewellery Group Ltd stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0800 between high and low, or 8.00%. For the last week the stock has had daily average volatility of 3.76%.

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

Trading Expectations (0256.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Citychamp Watch & Jewellery Group Limited to open at HK$1.03, and during the day (based on 14 day Average True Range), to move between HK$0.97 and HK$1.05, which gives a possible trading interval of +/-HK$0.0376 (+/-3.72%) up or down from last closing price. If Citychamp Watch & Jewellery Group Limited takes out the full calculated possible swing range there will be an estimated 7.44% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$1.04, some HK$0.0300 (2.97%) from the current price of HK$1.01, our system finds the risk reward not very attractive.

Is Citychamp Watch & Jewellery Group Limited stock A Buy?

Citychamp Watch & Jewellery Group Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.700 Sell Candidate Unchanged

Predicted Opening Price for Citychamp Watch & Jewellery Group Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
HK$1.03 ( 1.98%) HK$1.01

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

Trading levels for 0256.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.11 9.90 %
R2 1.08 6.88 %
R1 1.06 5.01 %
Current price: 1.01
Support S1 1.00 -1.05 %
S2 0.98 -2.91 %
S3 0.95 -5.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.12 10.89 %
R2 1.05 3.96 %
R1 1.04 2.97 %
Current price 1.01
Support S1 0 .
S2 0 .
S3 0 .

0256 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 25, 2018 Jun 25, 2018 Jun 25, 2018 HK$0.0600 3.75%
2 Jun 01, 2017 Jun 01, 2017 Jun 01, 2017 HK$0.0500 2.94%
3 Aug 25, 2016 Aug 25, 2016 Aug 25, 2016 HK$0.0250 1.40%
4 Sep 30, 2014 Sep 30, 2014 Sep 30, 2014 HK$0.0360 3.10%
5 Oct 25, 2012 Oct 25, 2012 Oct 25, 2012 HK$0.0100 1.22%

FAQ

What is the symbol for Citychamp Watch & Jewellery Group Limited Stock and on which exchange is it traded?
The symbol for Citychamp Watch & Jewellery Group Limited is 0256.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Citychamp Watch & Jewellery Group Limited Stock?
Citychamp Watch & Jewellery Group Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Citychamp Watch & Jewellery Group Limited Stock?
Citychamp Watch & Jewellery Group Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Citychamp Watch & Jewellery Group Limited Stock.

What's the current price of Citychamp Watch & Jewellery Group Limited Stock?
As of the end of day on the 2024-03-28, the price of an Citychamp Watch & Jewellery Group Limited (0256.HK) share was HK$1.01.

What is the 52-week high and low for Citychamp Watch & Jewellery Group Limited Stock?
The 52-week high for Citychamp Watch & Jewellery Group Limited Stock is HK$1.35 and the 52-week low is HK$1.00.

What is the market capitalization of Citychamp Watch & Jewellery Group Limited Stock?
As of the 2024-03-28, the market capitalization of Citychamp Watch & Jewellery Group Limited is 4.395B.
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About Citychamp Watch & Jewellery Group Limited

Citychamp Watch & Jewellery Group Limited, an investment holding company, manufactures, sells, and distributes watches and timepieces in Hong Kong, the People's Republic of China, Switzerland, the United Kingdom, Liechtenstein, and internationally. The company operates through Manufacturing and Distribution of Watches and Timepieces, Property Investments, and Banking and Financial Businesses segments. It offers watches and timepieces under the Ro... 0256.HK Profile

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