China Billion Resources Limited Stock Forecast
China Billion Resources Limited stock price ended at HK$0.193 on Thursday, after gaining 2.66%.
(Updated on Jun 20, 2024)
The China Billion Resources Limited stock price gained 2.66% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.188 to HK$0.193. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.57% from a day low at HK$0.188 to a day high of HK$0.206. The price has been going up and down for this period, and there has been a 302.08% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 162 thousand more shares were traded than the day before. In total, 378 thousand shares were bought and sold for approximately HK$72.95 thousand.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at HK$0.0838, a level that may pose a second chance to hit a runner.
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0274.HK Signals & Forecast
The China Billion Resources 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$0.106 and HK$0.0583. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 319.57%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). China Billion Resources Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for China Billion Resources Limited stock
China Billion Resources Limited finds support from accumulated volume at HK$0.188 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0180 between high and low, or 9.57%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: HK$0.185 (-4.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (0274.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect China Billion Resources Limited to open at HK$0.196, and during the day (based on 14 day Average True Range), to move between HK$0.180 and HK$0.206, which gives a possible trading interval of +/-HK$0.0134 (+/-6.95%) up or down from last closing price. If China Billion Resources Limited takes out the full calculated possible swing range there will be an estimated 13.90% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.188, some HK$0.0050 (2.59%) from the current price of HK$0.193, our system finds the risk reward attractive.
Is China Billion Resources Limited stock A Buy?
China Billion Resources 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 China Billion Resources Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.196 ( 1.38%) | HK$0.193 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0274.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.214 | 10.71% |
| R2 | 0.207 | 7.15% |
| R1 | 0.203 | 4.94% |
| Price | 0.193 | |
| S1 | 0.189 | -2.18% |
| S2 | 0.185 | -4.38% |
| S3 | 0.178 | -7.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.193 | |
| S1 | 0.188 | -2.59% |
| S2 | 0.169 | -12.44% |
| S3 | 0 | - |
0274 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2016 | Jun 03, 2016 | Jun 03, 2016 | HK$3.00 | 333.33% |
| 2 | Sep 04, 2012 | Sep 04, 2012 | Sep 04, 2012 | HK$0.179 | 11.49% |
| 3 | May 22, 2007 | May 22, 2007 | May 22, 2007 | HK$0.538 | 2.29% |
| 4 | Jun 05, 2006 | Jun 05, 2006 | Jun 05, 2006 | HK$0.359 | 2.00% |
| 5 | May 20, 2005 | May 20, 2005 | May 20, 2005 | HK$0.359 | 2.35% |
FAQ
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