Central China Real Estate Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Central China Real Estate Limited stock price on Monday which ended trading at HK$0.0800
(Updated on May 06, 2024)
The Central China Real Estate Limited stock price fell by -3.61% on the last day (Monday, 6th May 2024) from HK$0.0830 to HK$0.0800. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 39.74% from a day low at HK$0.0780 to a day high of HK$0.109. The price has fallen in 6 of the last 10 days but is still up by 29.03% over the past 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 -341 thousand shares and in total, 2 million shares were bought and sold for approximately HK$145.76 thousand.
The stock lies in the middle of a very 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 -17.29% during the next 3 months and, with a 90% probability hold a price between HK$0.0484 and HK$0.0726 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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0832.HK Signals & Forecast
The Central China Real Estate Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.0810. On a fall, the stock will find some support from the long-term average at approximately HK$0.0771. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, April 29, 2024, and so far it has fallen -10.11%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Central China Real Estate Limited stock
Central China Real Estate Limited finds support from accumulated volume at HK$0.0780 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0310 between high and low, or 39.74%. For the last week the stock has had daily average volatility of 16.76%.
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 Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Central China Real Estate Limited to open at HK$0.0890, and during the day (based on 14 day Average True Range), to move between HK$0.0702 and HK$0.0898, which gives a possible trading interval of +/-HK$0.0098 (+/-12.31%) 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 24.61% 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$0.0780 (2.50%) than the resistance at HK$0.0850 (6.25%), 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 Buy to a Sell candidate.
Current score: -2.092 Sell Candidate Downgraded
Predicted Opening Price for Central China Real Estate Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$0.0890 ( 11.25%) | HK$0.0800 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0832.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.120 | 50.00 % | |
| R2 | 0.108 | 35.20 % | ||
| R1 | 0.101 | 26.05 % | ||
| Current price: | 0.0800 | |||
| Support | S1 | 0.0772 | -3.55 % | |
| S2 | 0.0698 | -12.70 % | ||
| S3 | 0.0580 | -27.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0900 | 12.50 % | |
| R2 | 0.0890 | 11.25 % | ||
| R1 | 0.0850 | 6.25 % | ||
| Current price | 0.0800 | |||
| Support | S1 | 0.0780 | -2.50% | |
| S2 | 0.0760 | -5.00% | ||
| S3 | 0.0750 | -6.25% |
0832 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | HK$0.0270 | 3.80% |
| 2 | Sep 03, 2021 | Sep 03, 2021 | Sep 03, 2021 | HK$0.148 | 8.53% |
| 3 | May 14, 2021 | May 14, 2021 | May 14, 2021 | HK$0.268 | 14.11% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | HK$0.268 | 11.70% |
| 5 | Sep 14, 2020 | Sep 14, 2020 | Sep 14, 2020 | HK$0.110 | 3.15% |
FAQ
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