Chinasoft International Limited Stock Forecast
Green day on Friday for Chinasoft International Limited stock after gaining 0.610%
(Updated on May 03, 2024)
The Chinasoft International Limited stock price gained 0.610% on the last trading day (Friday, 3rd May 2024), rising from HK$4.92 to HK$4.95. During the last trading day the stock fluctuated 2.87% from a day low at HK$4.88 to a day high of HK$5.02. The price has risen in 7 of the last 10 days and is up by 10.24% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 8 million shares were bought and sold for approximately HK$38.66 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 -3.87% during the next 3 months and, with a 90% probability hold a price between HK$4.20 and HK$5.24 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0354.HK Signals & Forecast
Mostly positive signals in the chart today. The Chinasoft International Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$4.82 and HK$4.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.50%. 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). 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.
Support, Risk & Stop-loss for Chinasoft International Limited stock
Chinasoft International Limited finds support from accumulated volume at HK$4.81 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$0.140 between high and low, or 2.87%. For the last week, the stock has had daily average volatility of 3.97%.
Our recommended stop-loss: HK$4.79 (-3.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (0354.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Chinasoft International Limited to open at HK$4.95, and during the day (based on 14 day Average True Range), to move between HK$4.75 and HK$5.15, which gives a possible trading interval of +/-HK$0.202 (+/-4.09%) up or down from last closing price. If Chinasoft International Limited takes out the full calculated possible swing range there will be an estimated 8.17% 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$4.81 (2.83%) than the resistance at HK$5.10 (3.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chinasoft International Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.581 Buy Candidate Unchanged
Predicted Opening Price for Chinasoft International Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$4.95 ( 0.00000000%) | HK$4.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0354.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.09 | 2.83 % | |
| R2 | 5.04 | 1.75 % | ||
| R1 | 5.00 | 1.08 % | ||
| Current price: | 4.95 | |||
| Support | S1 | 4.90 | -1.08 % | |
| S2 | 4.86 | -1.75 % | ||
| S3 | 4.81 | -2.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.28 | 6.67 % | |
| R2 | 5.23 | 5.66 % | ||
| R1 | 5.10 | 3.03 % | ||
| Current price | 4.95 | |||
| Support | S1 | 4.81 | -2.83% | |
| S2 | 4.77 | -3.64% | ||
| S3 | 4.70 | -5.05% |
0354 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 24, 2024 | HK$0.0811 | 1.64% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | HK$0.0323 | 0.471% |
| 3 | May 24, 2021 | May 24, 2021 | May 24, 2021 | HK$0.0290 | 0.328% |
| 4 | Jun 26, 2020 | Jun 26, 2020 | Jun 26, 2020 | HK$0.0219 | 0.494% |
| 5 | May 25, 2020 | May 25, 2020 | May 25, 2020 | HK$0.0219 | 0.548% |
FAQ
Click here for our free guide on how to buy Chinasoft International Limited Stock.
