China Dynamics (Holdings) Limited Stock Forecast

China Dynamics (Holdings) Limited stock downgraded to Sell Candidate
(Updated on May 17, 2024)

0476.HK Signals & Forecast

There are mixed signals in the stock today. The China Dynamics (Holdings) Limited 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$0.101. On a fall, the stock will find some support from the short-term average at HK$0.0974. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 5.26%. Further rise is indicated until a new top pivot has been found.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Friday, April 19, 2024 and based on theory for this formation the price should fall by -1.00% to HK$0.0990 within 4 trading days since signal was issued (Monday, May 20, 2024).

Support, Risk & Stop-loss for China Dynamics (Holdings) Limited stock

China Dynamics (Holdings) Limited finds support from accumulated volume at HK$0.0990 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0010 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 3.15%.

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

Trading Expectations (0476.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect China Dynamics (Holdings) Limited to open at HK$0.0997, and during the day (based on 14 day Average True Range), to move between HK$0.0944 and HK$0.106, which gives a possible trading interval of +/-HK$0.0056 (+/-5.63%) up or down from last closing price. If China Dynamics (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 11.27% 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$0.101 (1.00%) than the support at HK$0.0990 (1.00%), 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 China Dynamics (Holdings) Limited stock A Buy?

China Dynamics (Holdings) Limited 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. 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: -1.225 Sell Candidate Downgraded

Predicted Opening Price for China Dynamics (Holdings) Limited of Monday, May 20, 2024

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