C.BANNER INTERNATIONAL Holdings Limited Stock Forecast
Volatile ride for C.BANNER INTERNATIONAL Holdings Limited stock price on Tuesday moving between HK$0.151 and HK$0.207
(Updated on Jul 02, 2024)
The C.BANNER INTERNATIONAL Holdings Limited stock price fell by -26.79% on the last day (Tuesday, 2nd Jul 2024) from HK$0.280 to HK$0.205. During the last trading day the stock fluctuated 37.09% from a day low at HK$0.151 to a day high of HK$0.207. The price has fallen in 5 of the last 10 days and is down by -33.87% for this period. Volume has increased on the last day by 2 million 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, 2 million shares were bought and sold for approximately HK$393.60 thousand.
Given the current short-term trend, the stock is expected to rise 42.98% during the next 3 months and, with a 90% probability hold a price between HK$0.293 and HK$0.558 at the end of this 3-month period.
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1028.HK Signals & Forecast
There are few to no technical positive signals at the moment. The C.BANNER INTERNATIONAL Holdings Limited 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$0.278 and HK$0.283. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -43.06%. 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). C.BANNER INTERNATIONAL Holdings Limited 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".
Support, Risk & Stop-loss for C.BANNER INTERNATIONAL Holdings Limited stock
C.BANNER INTERNATIONAL Holdings Limited finds support from accumulated volume at HK$0.198 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0560 between high and low, or 37.09%. For the last week, the stock has had daily average volatility of 12.30%.
C.BANNER INTERNATIONAL Holdings Limited is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1028.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect C.BANNER INTERNATIONAL Holdings Limited to open at HK$0.188, and during the day (based on 14 day Average True Range), to move between HK$0.172 and HK$0.238, which gives a possible trading interval of +/-HK$0.0326 (+/-15.90%) up or down from last closing price. If C.BANNER INTERNATIONAL Holdings Limited takes out the full calculated possible swing range there will be an estimated 31.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.198 (3.41%) than the resistance at HK$0.220 (7.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is C.BANNER INTERNATIONAL Holdings Limited stock A Buy?
The C.BANNER INTERNATIONAL Holdings Limited stock holds several negative signals and despite the positive trend, we believe C.BANNER INTERNATIONAL Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.494 Sell Candidate Downgraded
Predicted Opening Price for C.BANNER INTERNATIONAL Holdings Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$0.188 ( 8.46%) | HK$0.205 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1028.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.244 | 18.86% |
| R2 | 0.222 | 8.43% |
| R1 | 0.209 | 1.98% |
| Price | 0.205 | |
| S1 | 0.166 | -18.89% |
| S2 | 0.153 | -25.34% |
| S3 | 0.132 | -35.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.240 | 17.07% |
| R2 | 0.225 | 9.76% |
| R1 | 0.220 | 7.32% |
| Price | 0.205 | |
| S1 | 0.198 | -3.41% |
| S2 | 0.186 | -9.27% |
| S3 | 0.181 | -11.71% |
1028 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Jul 22, 2024 | HK$0.130 | 81.25% |
| 2 | Mar 28, 2014 | Jul 02, 2014 | Jul 22, 2014 | HK$0.0378 | 1.52% |
| 3 | Feb 26, 2014 | Mar 13, 2014 | Mar 31, 2014 | HK$0.292 | 11.71% |
| 4 | Mar 25, 2013 | Jul 03, 2013 | Jul 23, 2013 | HK$0.0553 | 1.94% |
| 5 | Mar 22, 2012 | Jun 19, 2012 | Jul 23, 2012 | HK$0.0528 | 2.21% |
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