CMMB Vision Holdings Limited Stock Forecast

CMMB Vision Holdings Limited stock price down 1.53% on Friday
(Updated on May 17, 2024)

0471.HK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CMMB Vision Holdings Limited 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$0.132 and HK$0.148. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -35.82%. Further fall is indicated until a new bottom pivot has been found. CMMB Vision Holdings Limited 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 CMMB Vision Holdings Limited stock

CMMB Vision Holdings Limited finds support from accumulated volume at HK$0.124 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$0.0100 between high and low, or 8.06%. For the last week, the stock has had daily average volatility of 6.14%.

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

Trading Expectations (0471.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect CMMB Vision Holdings Limited to open at HK$0.129, and during the day (based on 14 day Average True Range), to move between HK$0.116 and HK$0.142, which gives a possible trading interval of +/-HK$0.0130 (+/-10.05%) up or down from last closing price. If CMMB Vision Holdings Limited takes out the full calculated possible swing range there will be an estimated 20.11% 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$0.124 (3.88%) than the resistance at HK$0.148 (14.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CMMB Vision Holdings Limited stock A Buy?

The CMMB Vision Holdings Limited stock holds several negative signals and despite the positive trend, we believe CMMB Vision Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.627 Sell Candidate Unchanged

Predicted Opening Price for CMMB Vision Holdings Limited of Monday, May 20, 2024

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