China Mobile Limited Stock Forecast

China Mobile Limited stock price ended at HK$69.65 on Friday, after losing 0.0717%.
(Updated on May 03, 2024)

0941.HK Signals & Forecast

The China Mobile 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$70.17. On a fall, the stock will find some support from the long-term average at approximately HK$68.15. 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 Friday, April 26, 2024, and so far it has fallen -1.97%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, August 23, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for China Mobile Limited stock

China Mobile Limited finds support from accumulated volume at HK$67.85 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.85 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.48%.

Our recommended stop-loss: HK$67.30 (-3.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (0941.HK) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect China Mobile Limited to open at HK$69.77, and during the day (based on 14 day Average True Range), to move between HK$68.62 and HK$70.68, which gives a possible trading interval of +/-HK$1.03 (+/-1.48%) up or down from last closing price. If China Mobile Limited takes out the full calculated possible swing range there will be an estimated 2.95% 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$69.75 (0.14%) than the support at HK$67.85 (2.58%), 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 China Mobile Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for China Mobile Limited stock to perform well in the short-term.

Current score: 1.800 Buy Candidate Unchanged

Predicted Opening Price for China Mobile Limited of Monday, May 6, 2024

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