Café de Coral Holdings Limited Stock Forecast
Café de Coral Holdings Limited stock price up 0.696% on Friday
(Updated on May 10, 2024)
The Café de Coral Holdings Limited stock price gained 0.696% on the last trading day (Friday, 10th May 2024), rising from HK$8.62 to HK$8.68. During the last trading day the stock fluctuated 1.86% from a day low at HK$8.58 to a day high of HK$8.74. The price has risen in 6 of the last 10 days and is up by 9.73% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 798 thousand shares were bought and sold for approximately HK$6.93 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -2.26% during the next 3 months and, with a 90% probability hold a price between HK$7.56 and HK$8.74 at the end of this 3-month period.
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0341.HK Signals & Forecast
The Café de Coral Holdings 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$8.66 and HK$8.27. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -3.13%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Friday, May 03, 2024 and based on theory for this formation the price should fall by -10.94% to HK$7.73 within 34 trading days since signal was issued (Monday, May 13, 2024).
Support, Risk & Stop-loss for Café de Coral Holdings Limited stock
Café de Coral Holdings Limited finds support from accumulated volume at HK$8.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.160 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: HK$8.33 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (0341.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Café de Coral Holdings Limited to open at HK$8.67, and during the day (based on 14 day Average True Range), to move between HK$8.42 and HK$8.94, which gives a possible trading interval of +/-HK$0.256 (+/-2.95%) up or down from last closing price. If Café de Coral Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.91% 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$8.75 (0.81%) than the support at HK$8.52 (1.84%), 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 Café de Coral Holdings Limited stock A Buy?
Café de Coral Holdings 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: -0.115 Hold/Accumulate Unchanged
Predicted Opening Price for Café de Coral Holdings Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$8.67 ( 0.154%) | HK$8.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0341.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.83 | 1.69 % | |
| R2 | 8.77 | 0.99 % | ||
| R1 | 8.73 | 0.551 % | ||
| Current price: | 8.68 | |||
| Support | S1 | 8.61 | -0.86 % | |
| S2 | 8.57 | -1.29 % | ||
| S3 | 8.51 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.96 | 3.23 % | |
| R2 | 8.78 | 1.15 % | ||
| R1 | 8.75 | 0.81 % | ||
| Current price | 8.68 | |||
| Support | S1 | 8.52 | -1.84% | |
| S2 | 8.49 | -2.19% | ||
| S3 | 8.37 | -3.57% |
0341 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 11, 2023 | Dec 11, 2023 | Dec 11, 2023 | HK$0 | 0% |
| 2 | Dec 12, 2022 | Dec 12, 2022 | Dec 12, 2022 | HK$0.100 | 0.774% |
| 3 | Sep 13, 2022 | Sep 13, 2022 | Sep 13, 2022 | HK$0.180 | 1.59% |
| 4 | Dec 13, 2021 | Dec 13, 2021 | Dec 13, 2021 | HK$0.100 | 0.708% |
| 5 | Sep 08, 2021 | Sep 08, 2021 | Sep 08, 2021 | HK$0.280 | 1.99% |
FAQ
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