Crown International Corporation Limited Stock Forecast

Volatile ride for Crown International Corporation Limited stock price on Wednesday moving between HK$0.102 and HK$0.151
(Updated on Jun 26, 2024)

0727.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Crown International Corporation Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.158 and HK$0.117. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -42.56%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Crown International Corporation Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.104 and HK$0.100. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Crown International Corporation Limited finds support just below today's level at HK$0.104. If this is broken, then the next support from accumulated volume will be at HK$0.100 and HK$0.0950.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0490 between high and low, or 48.04%. For the last week, the stock has had daily average volatility of 36.38%.

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

Trading Expectations (0727.HK) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Crown International Corporation Limited to open at HK$0.122, and during the day (based on 14 day Average True Range), to move between HK$0.0809 and HK$0.143, which gives a possible trading interval of +/-HK$0.0311 (+/-27.74%) up or down from last closing price. If Crown International Corporation Limited takes out the full calculated possible swing range there will be an estimated 55.48% 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$0.117 (4.46%) than the support at HK$0.104 (7.14%), 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 Crown International Corporation Limited stock A Buy?

The Crown International Corporation Limited stock holds several negative signals and despite the positive trend, we believe Crown International Corporation Limited will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.911 Sell Candidate Downgraded

Predicted Opening Price for Crown International Corporation Limited of Thursday, June 27, 2024

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