China NT Pharma Group Company Limited Stock Forecast
High volatility in China NT Pharma Group Company Limited stock price on Thursday which ended trading at HK$0.0260
(Updated on Jun 20, 2024)
The China NT Pharma Group Company Limited stock price gained 4.00% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.0250 to HK$0.0260. During the last trading day the stock fluctuated 20.83% from a day low at HK$0.0240 to a day high of HK$0.0290. The price has risen in 6 of the last 10 days and is up by 18.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 million more shares were traded than the day before. In total, 38 million shares were bought and sold for approximately HK$988.25 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.10% during the next 3 months and, with a 90% probability hold a price between HK$0.0179 and HK$0.0304 at the end of this 3-month period.
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1011.HK Signals & Forecast
Mostly positive signals in the chart today. The China NT Pharma Group Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.0244 and HK$0.0242. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 36.84%. 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). China NT Pharma Group Company Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for China NT Pharma Group Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0240 and HK$0.0220. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, China NT Pharma Group Company Limited finds support just below today's level at HK$0.0240. If this is broken, then the next support from accumulated volume will be at HK$0.0220 and HK$0.0210.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0050 between high and low, or 20.83%. For the last week, the stock has had daily average volatility of 11.98%.
Our recommended stop-loss: HK$0.0251 (-3.64%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (1011.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect China NT Pharma Group Company Limited to open at HK$0.0263, and during the day (based on 14 day Average True Range), to move between HK$0.0225 and HK$0.0295, which gives a possible trading interval of +/-HK$0.0035 (+/-13.46%) up or down from last closing price. If China NT Pharma Group Company Limited takes out the full calculated possible swing range there will be an estimated 26.92% 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$0.0270 (3.85%) than the support at HK$0.0240 (7.69%), 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 NT Pharma Group Company 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.
Current score: 3.258 Buy Candidate Unchanged
Predicted Opening Price for China NT Pharma Group Company Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.0263 ( 1.28%) | HK$0.0260 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1011.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0313 | 20.51% |
| R2 | 0.0294 | 13.17% |
| R1 | 0.0282 | 8.63% |
| Price | 0.0260 | |
| S1 | 0.0244 | -6.06% |
| S2 | 0.0232 | -10.60% |
| S3 | 0.0213 | -17.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0300 | 15.38% |
| R2 | 0.0290 | 11.54% |
| R1 | 0.0270 | 3.85% |
| Price | 0.0260 | |
| S1 | 0.0240 | -7.69% |
| S2 | 0.0220 | -15.38% |
| S3 | 0.0210 | -19.23% |
1011 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2018 | Jul 10, 2018 | Aug 02, 2018 | HK$0.0350 | 2.13% |
| 2 | Mar 22, 2017 | Jun 08, 2017 | Jul 03, 2017 | HK$0.0250 | 1.51% |
| 3 | Mar 23, 2016 | May 31, 2016 | Jun 15, 2016 | HK$0.0100 | 0.508% |
FAQ
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