Century City International Holdings Ltd Stock Forecast

Century City International Holdings Ltd stock downgraded to Sell Candidate
(Updated on Jun 03, 2024)

0355.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.05%. 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 Century City International Holdings 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$0.197 and HK$0.201. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Century City International Holdings Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Century City International Holdings Ltd stock

Century City International Holdings Ltd finds support from accumulated volume at HK$0.192 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$0.0120 between high and low, or 6.56%. For the last week, the stock has had daily average volatility of 5.13%.

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

Trading Expectations (0355.HK) For The Upcoming Trading Day Of Tuesday 4th

For the upcoming trading day on Tuesday, 4th we expect Century City International Holdings Limited to open at HK$0.190, and during the day (based on 14 day Average True Range), to move between HK$0.181 and HK$0.205, which gives a possible trading interval of +/-HK$0.0122 (+/-6.30%) up or down from last closing price. If Century City International Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.59% 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$0.194 (0.52%) than the support at HK$0.192 (0.52%), 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 Century City International Holdings Limited stock A Buy?

Century City International Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.045 Sell Candidate Downgraded

Predicted Opening Price for Century City International Holdings Limited of Tuesday, June 4, 2024

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