Central China Real Estate Limited Stock Forecast

A very red day for Central China Real Estate Limited stock price after a -6.67% fall in the Thursday trading session
(Updated on Apr 25, 2024)

0832.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 12.90%. Further rise is indicated until a new top pivot has been found. 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. The Central China Real Estate 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$0.0774. On a fall, the stock will find some support from the short-term average at HK$0.0656. 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. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Central China Real Estate Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0640 and HK$0.0630. 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, Central China Real Estate Limited finds support just below today's level at HK$0.0640. If this is broken, then the next support from accumulated volume will be at HK$0.0630 and HK$0.0620.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0030 between high and low, or 4.29%. For the last week the stock has had daily average volatility of 6.68%.

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

Trading Expectations (0832.HK) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Central China Real Estate Limited to open at HK$0.0710, and during the day (based on 14 day Average True Range), to move between HK$0.0632 and HK$0.0768, which gives a possible trading interval of +/-HK$0.0068 (+/-9.69%) up or down from last closing price. If Central China Real Estate Limited takes out the full calculated possible swing range there will be an estimated 19.38% 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$0.0640 (8.57%) than the resistance at HK$0.0820 (17.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Central China Real Estate Limited stock A Buy?

Central China Real Estate 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: -2.918 Sell Candidate Downgraded

Predicted Opening Price for Central China Real Estate Limited of Friday, April 26, 2024

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