China Environmental Energy Investment Stock Forecast
China Environmental Energy Investment stock upgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The China Environmental Energy Investment stock price fell by -4.35% on the last day (Friday, 28th Jun 2024) from HK$0.0460 to HK$0.0440. During the last trading day the stock fluctuated 7.32% from a day low at HK$0.0410 to a day high of HK$0.0440. The price has risen in 4 of the last 10 days but is still down by -4.35% for this period. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 340 thousand shares were bought and sold for approximately HK$14.96 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.0414 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.09% during the next 3 months and, with a 90% probability hold a price between HK$0.0389 and HK$0.0513 at the end of this 3-month period.
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0986.HK Signals & Forecast
There are few to no technical positive signals at the moment. The China Environmental Energy Investment 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$0.0501 and HK$0.0513. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -21.43%. 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). China Environmental Energy Investment gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for China Environmental Energy Investment stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0030 between high and low, or 7.32%. For the last week, the stock has had daily average volatility of 17.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0986.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect China Environmental Energy Investment Limited to open at HK$0.0430, and during the day (based on 14 day Average True Range), to move between HK$0.0384 and HK$0.0496, which gives a possible trading interval of +/-HK$0.0056 (+/-12.63%) up or down from last closing price. If China Environmental Energy Investment Limited takes out the full calculated possible swing range there will be an estimated 25.26% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.0460, some HK$0.0020 (4.55%) from the current price of HK$0.0440, our system finds the risk reward not very attractive.
Is China Environmental Energy Investment Limited stock A Buy?
China Environmental Energy Investment 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.638 Sell Candidate Upgraded
Predicted Opening Price for China Environmental Energy Investment Limited of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
HK$0.0430 ( 2.27%) | HK$0.0440 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0986.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0460 | 4.55% |
R2 | 0.0449 | 1.94% |
R1 | 0.0441 | 0.332% |
Price | 0.0440 | |
S1 | 0.0419 | -4.88% |
S2 | 0.0411 | -6.49% |
S3 | 0.0400 | -9.09% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0540 | 22.73% |
R2 | 0.0510 | 15.91% |
R1 | 0.0460 | 4.55% |
Price | 0.0440 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
0986 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 02, 2003 | Jan 02, 2003 | Jan 02, 2003 | HK$298.40 | 4.44% |
2 | Aug 15, 2001 | Aug 15, 2001 | Aug 15, 2001 | HK$298.40 | 4.92% |
3 | Jan 09, 2001 | Jan 09, 2001 | Jan 09, 2001 | HK$298.40 | 4.50% |
4 | Jan 13, 2000 | Jan 13, 2000 | Jan 13, 2000 | HK$298.40 | 3.37% |
FAQ
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