China Nuclear Energy Technology Corp Ltd Stock Forecast
Red day on Friday for China Nuclear Energy Technology Corp Ltd
(Updated on Jun 28, 2024)
No changes to the price of China Nuclear Energy Technology Corp Ltd stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.320 to a day high of HK$0.320. The price has been going up and down for this period, and there has been a -1.54% loss for the last 2 weeks.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.314 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.13% during the next 3 months and, with a 90% probability hold a price between HK$0.324 and HK$0.355 at the end of this 3-month period.
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0611.HK Signals & Forecast
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Nuclear Energy Technology Corp 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$0.320 and HK$0.323. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -3.03%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for China Nuclear Energy Technology Corp Ltd stock
China Nuclear Energy Technology Corp Ltd finds support from accumulated volume at HK$0.315 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. 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 0.625%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0611.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect China Nuclear Energy Technology Corporation Limited to open at HK$0.320, and during the day (based on 14 day Average True Range), to move between HK$0.316 and HK$0.324, which gives a possible trading interval of +/-HK$0.0043 (+/-1.34%) up or down from last closing price. If China Nuclear Energy Technology Corporation Limited takes out the full calculated possible swing range there will be an estimated 2.67% 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$0.325 (1.56%) than the support at HK$0.315 (1.56%), 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 Nuclear Energy Technology Corporation Limited stock A Buy?
The China Nuclear Energy Technology Corp Ltd stock holds several negative signals and despite the positive trend, we believe China Nuclear Energy Technology Corp Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.006 Sell Candidate Unchanged
Predicted Opening Price for China Nuclear Energy Technology Corporation Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.320 ( 0%) | HK$0.320 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0611.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.320 | - |
| R2 | 0.320 | - |
| R1 | 0.320 | - |
| Price | 0.320 | |
| S1 | 0.320 | - |
| S2 | 0.320 | - |
| S3 | 0.320 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.335 | 4.69% |
| R2 | 0.330 | 3.13% |
| R1 | 0.325 | 1.56% |
| Price | 0.320 | |
| S1 | 0.315 | -1.56% |
| S2 | 0.305 | -4.69% |
| S3 | 0.300 | -6.25% |
0611 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 07, 2010 | Jan 07, 2010 | Jan 07, 2010 | HK$0.0100 | 0.592% |
| 2 | Aug 28, 2009 | Aug 28, 2009 | Aug 28, 2009 | HK$0.0150 | 2.59% |
| 3 | Dec 29, 2008 | Dec 29, 2008 | Dec 29, 2008 | HK$0.0100 | 3.28% |
| 4 | Aug 28, 2008 | Aug 28, 2008 | Aug 28, 2008 | HK$0.0250 | 5.68% |
| 5 | Sep 06, 2007 | Sep 06, 2007 | Sep 06, 2007 | HK$0.0150 | 3.70% |
FAQ
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