China Finance Investment Holdings Ltd Stock Forecast
China Finance Investment Holdings Ltd stock price ended at HK$2.25 on Friday, after gaining 2.27%.
(Updated on May 17, 2024)
The China Finance Investment Holdings Ltd stock price gained 2.27% on the last trading day (Friday, 17th May 2024), rising from HK$2.20 to HK$2.25. During the last trading day the stock fluctuated 9.86% from a day low at HK$2.13 to a day high of HK$2.34. The price has fallen in 6 of the last 10 days and is down by -5.86% for this period. Volume fell on the last day by -9 thousand shares and in total, 112 thousand shares were bought and sold for approximately HK$252.00 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 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 -5.69% during the next 3 months and, with a 90% probability hold a price between HK$1.40 and HK$2.51 at the end of this 3-month period.
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0875.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 2.27%. 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 China Finance Investment Holdings Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$2.25 and HK$2.35. A break-up above any of these levels will issue buy signals. 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 also not.
Support, Risk & Stop-loss for China Finance Investment Holdings Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$2.11 and HK$1.98. 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, China Finance Investment Holdings Ltd finds support just below today's level at HK$2.11. If this is broken, then the next support from accumulated volume will be at HK$1.98 and HK$1.77.
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$0.210 between high and low, or 9.86%. For the last week the stock has had daily average volatility of 8.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0875.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect China Finance Investment Holdings Limited to open at HK$2.24, and during the day (based on 14 day Average True Range), to move between HK$2.01 and HK$2.49, which gives a possible trading interval of +/-HK$0.238 (+/-10.60%) up or down from last closing price. If China Finance Investment Holdings Limited takes out the full calculated possible swing range there will be an estimated 21.19% 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$2.11 (6.22%) than the resistance at HK$2.40 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Finance Investment Holdings Limited stock A Buy?
China Finance Investment Holdings Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.168 Sell Candidate Unchanged
Predicted Opening Price for China Finance Investment Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$2.24 ( 0.444%) | HK$2.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0875.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.45 | 8.89 % | |
| R2 | 2.37 | 5.32 % | ||
| R1 | 2.32 | 3.12 % | ||
| Current price: | 2.25 | |||
| Support | S1 | 2.16 | -4.01 % | |
| S2 | 2.11 | -6.21 % | ||
| S3 | 2.03 | -9.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.66 | 18.22 % | |
| R2 | 2.45 | 8.89 % | ||
| R1 | 2.40 | 6.67 % | ||
| Current price | 2.25 | |||
| Support | S1 | 2.11 | -6.22% | |
| S2 | 1.98 | -12.00% | ||
| S3 | 1.77 | -21.33% |
FAQ
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