Chinlink International Holdings Limited Stock Forecast

Stronger technical forecast for Chinlink International Holdings Limited stock price after Monday trading.
(Updated on May 06, 2024)

0997.HK Signals & Forecast

The Chinlink International Holdings 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$0.0341. On a fall, the stock will find some support from the long-term average at approximately HK$0.0330. 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. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. 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 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". 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.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.79%

Our recommended stop-loss: HK$0.0321 (-5.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (0997.HK) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th 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$0.0323 and HK$0.0357, which gives a possible trading interval of +/-HK$0.0017 (+/-5.03%) 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 10.07% 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: 1.237 Buy Candidate Upgraded

Predicted Opening Price for Chinlink International Holdings Limited of Tuesday, May 7, 2024

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