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AI Analysis of 0655.HK
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Hongkong Chinese Limited stock price up 1.75% on Thursday
(Updated on Jun 20, 2024)

Hold candidate since Jun 18, 2024 PDF

The Hongkong Chinese Limited stock price gained 1.75% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.285 to HK$0.290. During the last trading day the stock fluctuated 3.45% from a day low at HK$0.290 to a day high of HK$0.300. The price has been going up and down for this period, and there has been a -4.92% loss for the last 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 50 thousand shares were bought and sold for approximately HK$14.50 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a 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 3.21% during the next 3 months and, with a 90% probability hold a price between HK$0.273 and HK$0.338 at the end of this 3-month period.

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0655.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Hongkong Chinese 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$0.292. On a fall, the stock will find some support from the short-term average at HK$0.289. 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. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -10.77%. 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). 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.

Support, Risk & Stop-loss for Hongkong Chinese Limited stock

Hongkong Chinese Limited finds support from accumulated volume at HK$0.280 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$0.0100 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 1.74%.

Hongkong Chinese Limited is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: HK$0.274 (-5.57%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 11 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (0655.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Hongkong Chinese Limited to open at HK$0.293, and during the day (based on 14 day Average True Range), to move between HK$0.280 and HK$0.300, which gives a possible trading interval of +/-HK$0.0095 (+/-3.28%) up or down from last closing price. If Hongkong Chinese Limited takes out the full calculated possible swing range there will be an estimated 6.56% 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$0.295 (1.72%) than the support at HK$0.280 (3.45%), 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 Hongkong Chinese Limited stock A Buy?

Hongkong Chinese Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.329 Hold/Accumulate Unchanged

Predicted Opening Price for Hongkong Chinese Limited of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
HK$0.293 ( 1.15%) HK$0.290

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

Trading levels for 0655.HK

Fibonacci Support & Resistance Levels

Level Price
R3 0.303 4.60%
R2 0.300 3.28%
R1 0.297 2.47%
Price 0.290
S1 0.290 -0.168%
S2 0.287 -0.98%
S3 0.283 -2.30%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.325 12.07%
R2 0.315 8.62%
R1 0.295 1.72%
Price 0.290
S1 0.280 -3.45%
S2 0.275 -5.17%
S3 0.260 -10.34%

0655 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 11, 2024 Jun 11, 2024 Jun 24, 2024 HK$0.0100 3.45%
2 Sep 30, 2022 Sep 30, 2022 Sep 30, 2022 HK$0.0100 1.79%
3 Jun 13, 2022 Jun 13, 2022 Jun 13, 2022 HK$0.0125 2.08%
4 Jun 10, 2021 Jun 10, 2021 Jun 10, 2021 HK$0.0075 1.12%
5 Jan 04, 2021 Jan 04, 2021 Jan 04, 2021 HK$0.0100 1.52%

FAQ

What is the symbol for Hongkong Chinese Limited Stock and on which exchange is it traded?
The symbol for Hongkong Chinese Limited is 0655.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Hongkong Chinese Limited Stock?
Hongkong Chinese Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Hongkong Chinese Limited Stock?
Hongkong Chinese Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hongkong Chinese Limited Stock.

What's the current price of Hongkong Chinese Limited Stock?
As of the end of day on the Jun 20, 2024, the price of an Hongkong Chinese Limited (0655.HK) share was HK$0.290.

What is the 52-week high and low for Hongkong Chinese Limited Stock?
The 52-week high for Hongkong Chinese Limited Stock is HK$0.465 and the 52-week low is HK$0.250.

What is the market capitalization of Hongkong Chinese Limited Stock?
As of the Jun 20, 2024, the market capitalization of Hongkong Chinese Limited is 579.501M.

When is the next earnings date for Hongkong Chinese Limited?
The upcoming earnings date for Hongkong Chinese Limited is Jun 06, 2025.
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