China Display Optoelectronics Technology Stock Forecast

Red day on Friday for China Display Optoelectronics Technology stock after losing 0%
(Updated on May 17, 2024)

0334.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 6.74%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Display Optoelectronics Technology stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.198. On a fall, the stock will find some support from the short-term average at HK$0.185. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 China Display Optoelectronics Technology stock

China Display Optoelectronics Technology finds support from accumulated volume at HK$0.185 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.52%.

China Display Optoelectronics Technology is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (0334.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect China Display Optoelectronics Technology Holdings Limited to open at HK$0.190, and during the day (based on 14 day Average True Range), to move between HK$0.185 and HK$0.195, which gives a possible trading interval of +/-HK$0.0054 (+/-2.85%) up or down from last closing price. If China Display Optoelectronics Technology Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.69% 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$0.185 (2.63%) than the resistance at HK$0.200 (5.26%), 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 Display Optoelectronics Technology Holdings Limited stock A Buy?

China Display Optoelectronics Technology holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.241 Sell Candidate Unchanged

Predicted Opening Price for China Display Optoelectronics Technology Holdings Limited of Monday, May 20, 2024

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