Tianjin Development Holdings Limited Stock Forecast

Tianjin Development Holdings Limited stock price down 0% on Monday
(Updated on Jun 17, 2024)

0882.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Tianjin Development Holdings Limited 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$1.88 and HK$1.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -5.05%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Tianjin Development Holdings Limited stock

Tianjin Development Holdings Limited finds support from accumulated volume at HK$1.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0.0200 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.39%

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

Trading Expectations (0882.HK) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Tianjin Development Holdings Limited to open at HK$1.89, and during the day (based on 14 day Average True Range), to move between HK$1.84 and HK$1.92, which gives a possible trading interval of +/-HK$0.0387 (+/-2.06%) up or down from last closing price. If Tianjin Development Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.12% 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$1.87 (0.53%) than the resistance at HK$1.90 (1.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tianjin Development Holdings Limited stock A Buy?

The Tianjin Development Holdings Limited stock holds several negative signals and despite the positive trend, we believe Tianjin Development Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.571 Sell Candidate Unchanged

Predicted Opening Price for Tianjin Development Holdings Limited of Tuesday, June 18, 2024

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