China Jicheng Holdings Limited Stock Forecast

Volatile ride for China Jicheng Holdings Limited stock price on Tuesday moving between HK$0.400 and HK$0.550
(Updated on Jul 02, 2024)

1027.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 10.00%. 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 Jicheng Holdings 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Jicheng Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.727. On a fall, the stock will find some support from the short-term average at HK$0.523. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for China Jicheng Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.520 and HK$0.500. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$0.500 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.150 between high and low, or 37.50%. For the last week, the stock has had daily average volatility of 8.30%.

Our recommended stop-loss: HK$0.527 (-4.12%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (1027.HK) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect China Jicheng Holdings Limited to open at HK$0.500, and during the day (based on 14 day Average True Range), to move between HK$0.495 and HK$0.605, which gives a possible trading interval of +/-HK$0.0551 (+/-10.01%) up or down from last closing price. If China Jicheng Holdings Limited takes out the full calculated possible swing range there will be an estimated 20.03% 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$0.570 (3.64%) than the support at HK$0.520 (5.45%), 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 Jicheng Holdings Limited stock A Buy?

China Jicheng Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for China Jicheng Holdings Limited of Wednesday, July 3, 2024

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