China East Education Holdings Ltd Stock Forecast
China East Education Holdings Ltd stock price ended at HK$2.50 on Friday, after losing 0.398%.
(Updated on May 03, 2024)
The China East Education Holdings Ltd stock price fell by -0.398% on the last day (Friday, 3rd May 2024) from HK$2.51 to HK$2.50. During the last trading day the stock fluctuated 4.92% from a day low at HK$2.44 to a day high of HK$2.56. The price has been going up and down for this period, and there has been a 9.17% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -317 thousand shares and in total, 941 thousand shares were bought and sold for approximately HK$2.35 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.88% during the next 3 months and, with a 90% probability hold a price between HK$2.06 and HK$2.46 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0667.HK Signals & Forecast
The China East Education Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$2.37 and HK$2.37. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -0.398%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for China East Education Holdings Ltd stock
China East Education Holdings Ltd finds support from accumulated volume at HK$2.40 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$0.120 between high and low, or 4.92%. For the last week, the stock has had daily average volatility of 5.22%.
Our recommended stop-loss: HK$2.40 (-3.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (0667.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect China East Education Holdings Ltd to open at HK$2.50, and during the day (based on 14 day Average True Range), to move between HK$2.39 and HK$2.61, which gives a possible trading interval of +/-HK$0.106 (+/-4.25%) up or down from last closing price. If China East Education Holdings Ltd takes out the full calculated possible swing range there will be an estimated 8.50% 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$2.52 (0.80%) than the support at HK$2.40 (4.00%), 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 East Education Holdings Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.273 Buy Candidate Unchanged
Predicted Opening Price for China East Education Holdings Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$2.50 ( 0%) | HK$2.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0667.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.62 | 4.80 % | |
| R2 | 2.57 | 2.97 % | ||
| R1 | 2.55 | 1.83 % | ||
| Current price: | 2.50 | |||
| Support | S1 | 2.45 | -1.83 % | |
| S2 | 2.43 | -2.97 % | ||
| S3 | 2.38 | -4.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.61 | 4.40 % | |
| R2 | 2.55 | 2.00 % | ||
| R1 | 2.52 | 0.80 % | ||
| Current price | 2.50 | |||
| Support | S1 | 2.40 | -4.00% | |
| S2 | 2.32 | -7.20% | ||
| S3 | 2.30 | -8.00% |
0667 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jun 27, 2024 | HK$0.200 | 8.00% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | HK$0.200 | 6.08% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | HK$0.245 | 7.02% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | HK$0.135 | 0.80% |
| 5 | May 29, 2020 | May 29, 2020 | May 29, 2020 | HK$0.210 | 1.38% |
FAQ
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