Century Sunshine Group Holdings Limited Stock Forecast
Weaker technical forecast for Century Sunshine Group Holdings Limited as stock downgraded to Sell Candidate.
(Updated on Apr 17, 2024)
No changes to the price of Century Sunshine Group Holdings Limited stock on the last trading day (Wednesday, 17th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0110 to a day high of HK$0.0110. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.57% during the next 3 months and, with a 90% probability hold a price between HK$0.0110 and HK$0.0147 at the end of this 3-month period.
0509.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 10.00%. 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 Sunshine Group 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$0.0110. On a fall, the stock will find some support from the short-term average at HK$0.0106. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, April 03, 2024 and based on theory for this formation the price should go up by 12.73% to HK$0.0124 within 20 trading days since signal was issued (Thursday, April 18, 2024).
Support, Risk & Stop-loss for Century Sunshine Group Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0100. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$ may give a huge drop in the stock price.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0509.HK) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Century Sunshine Group Holdings Limited to open at HK$0.0110, and during the day (based on 14 day Average True Range), to move between HK$0.0103 and HK$0.0117, which gives a possible trading interval of +/-HK$0.0007 (+/-6.12%) up or down from last closing price. If Century Sunshine Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.23% 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$0.0100 (9.09%) than the resistance at HK$0.0120 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Century Sunshine Group Holdings Limited stock A Buy?
Century Sunshine Group 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: -2.622 Sell Candidate Downgraded
Predicted Opening Price for Century Sunshine Group Holdings Limited of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| HK$0.0110 ( 0.00000000%) | HK$0.0110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0509.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0110 | 0.00000000 % | |
| R2 | 0.0110 | 0.00000000 % | ||
| R1 | 0.0110 | 0.00000000 % | ||
| Current price: | 0.0110 | |||
| Support | S1 | 0.0110 | 0.00000000 % | |
| S2 | 0.0110 | 0.00000000 % | ||
| S3 | 0.0110 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0130 | 18.18 % | ||
| R1 | 0.0120 | 9.09 % | ||
| Current price | 0.0110 | |||
| Support | S1 | 0.0100 | -9.09% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
0509 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2016 | May 26, 2016 | May 26, 2016 | HK$0.0130 | 3.61% |
| 2 | Jun 11, 2015 | Jun 11, 2015 | Jun 11, 2015 | HK$0.0050 | 0.435% |
| 3 | Apr 30, 2014 | Apr 30, 2014 | Apr 30, 2014 | HK$0.0157 | 2.17% |
| 4 | May 10, 2013 | May 10, 2013 | May 10, 2013 | HK$0.0081 | 1.27% |
| 5 | May 21, 2012 | May 21, 2012 | May 21, 2012 | HK$0.0027 | 1.45% |
FAQ
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