Chinlink International Holdings Limited Stock Forecast
A very strong day for Chinlink International Holdings Limited stock price on Thursday
(Updated on Apr 25, 2024)
The Chinlink International Holdings Limited stock price gained 13.33% on the last trading day (Thursday, 25th Apr 2024), rising from HK$0.0300 to HK$0.0340. During the last trading day the stock fluctuated 0% from a day low at HK$0.0340 to a day high of HK$0.0340. The price has been going up and down for this period, and there has been a 9.68% gain for the last 2 weeks. Volume fell on the last day by -72 thousand shares and in total, 24 thousand shares were bought and sold for approximately HK$816.00 . 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.0348 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.94% during the next 3 months and, with a 90% probability hold a price between HK$0.0254 and HK$0.0299 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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0997.HK Signals & Forecast
The Chinlink International Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.0313 and HK$0.0326. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 13.33%. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Chinlink International Holdings Limited stock
Chinlink International Holdings Limited finds support from accumulated volume at HK$0.0330 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 8.67%.
Our recommended stop-loss: HK$0.0329 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (0997.HK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Chinlink International Holdings Limited to open at HK$0.0340, and during the day (based on 14 day Average True Range), to move between HK$0.0321 and HK$0.0359, which gives a possible trading interval of +/-HK$0.0019 (+/-5.60%) up or down from last closing price. If Chinlink International Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.20% 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$0.0350 (2.94%) than the support at HK$0.0330 (2.94%), 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 Chinlink International Holdings Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.685 Buy Candidate Upgraded
Predicted Opening Price for Chinlink International Holdings Limited of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
HK$0.0340 ( 0%) | HK$0.0340 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0997.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0340 | . | |
R2 | 0.0340 | . | ||
R1 | 0.0340 | . | ||
Current price: | 0.0340 | |||
Support | S1 | 0.0340 | . | |
S2 | 0.0340 | . | ||
S3 | 0.0340 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0380 | 11.76 % | |
R2 | 0.0360 | 5.88 % | ||
R1 | 0.0350 | 2.94 % | ||
Current price | 0.0340 | |||
Support | S1 | 0.0330 | -2.94% | |
S2 | 0.0320 | -5.88% | ||
S3 | 0.0310 | -8.82% |
0997 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 02, 2009 | Jan 02, 2009 | Jan 02, 2009 | HK$0.228 | 1.78% |
2 | Aug 22, 2008 | Aug 22, 2008 | Aug 22, 2008 | HK$0.0975 | 0.623% |
3 | Jan 04, 2008 | Jan 04, 2008 | Jan 04, 2008 | HK$0.163 | 1.01% |
4 | Aug 17, 2007 | Aug 17, 2007 | Aug 17, 2007 | HK$0.521 | 2.06% |
5 | Jan 05, 2007 | Jan 05, 2007 | Jan 05, 2007 | HK$0.241 | 2.42% |
FAQ
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