RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 1070.HK
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TCL Electronics Holdings Limited stock downgraded from Buy Candidate to Strong Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The TCL Electronics Holdings Limited stock price fell by -3.08% on the last day (Thursday, 28th Mar 2024) from HK$2.92 to HK$2.83. During the last trading day the stock fluctuated 6.76% from a day low at HK$2.81 to a day high of HK$3.00. The price has fallen in 6 of the last 10 days and is down by -6.29% for this period. Volume has increased on the last day by 3 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, 4 million shares were bought and sold for approximately HK$10.70 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$2.74 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 30.19% during the next 3 months and, with a 90% probability hold a price between HK$3.56 and HK$4.21 at the end of this 3-month period.

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1070.HK Signals & Forecast

There are few to no technical positive signals at the moment. The TCL Electronics Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$2.93 and HK$2.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -8.71%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for TCL Electronics Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$2.60 and HK$2.50. 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, TCL Electronics Holdings Limited finds support just below today's level at HK$2.60. If this is broken, then the next support from accumulated volume will be at HK$2.50 and HK$2.45.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.190 (6.76%) between high and low. For the last week, the stock has had daily average volatility of 3.70%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1070.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect TCL Electronics Holdings Limited to open at HK$2.88, and during the day (based on 14 day Average True Range), to move between HK$2.71 and HK$2.95, which gives a possible trading interval of +/-HK$0.121 (+/-4.26%) up or down from last closing price. If TCL Electronics Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.52% 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$2.87 (1.41%) than the support at HK$2.60 (8.13%), 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 TCL Electronics Holdings Limited stock A Buy?

The TCL Electronics Holdings Limited stock holds several negative signals and despite the positive trend, we believe TCL Electronics 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 Buy to a Strong Sell candidate.

Current score: -5.161 Strong Sell Candidate Downgraded

Predicted Opening Price for TCL Electronics Holdings Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
HK$2.88 ( 1.77%) HK$2.83

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

Trading levels for 1070.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.07 8.48 %
R2 3.00 5.92 %
R1 2.95 4.33 %
Current price: 2.83
Support S1 2.81 -0.798 %
S2 2.76 -2.38 %
S3 2.69 -4.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.93 3.53 %
R2 2.88 1.77 %
R1 2.87 1.41 %
Current price 2.83
Support S1 2.60 -8.13%
S2 2.50 -11.66%
S3 2.45 -13.43%

1070 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 18, 2023 Jul 18, 2023 Jul 18, 2023 HK$0.127 3.39%
2 Jul 17, 2023 Jul 17, 2023 Jul 17, 2023 HK$0.127 3.20%
3 Jul 05, 2022 Jul 05, 2022 Jul 05, 2022 HK$0.167 4.48%
4 May 27, 2021 May 27, 2021 May 27, 2021 HK$0.115 2.17%
5 Oct 06, 2020 Oct 06, 2020 Oct 06, 2020 HK$0.0970 1.62%

FAQ

What is the symbol for TCL Electronics Holdings Limited Stock and on which exchange is it traded?
The symbol for TCL Electronics Holdings Limited is 1070.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell TCL Electronics Holdings Limited Stock?
The TCL Electronics Holdings Limited stock holds several negative signals and despite the positive trend, we believe TCL Electronics 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 Buy to a Strong Sell candidate.

How to buy TCL Electronics Holdings Limited Stock?
TCL Electronics Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TCL Electronics Holdings Limited Stock.

What's the current price of TCL Electronics Holdings Limited Stock?
As of the end of day on the 2024-03-28, the price of an TCL Electronics Holdings Limited (1070.HK) share was HK$2.83.

What is the 52-week high and low for TCL Electronics Holdings Limited Stock?
The 52-week high for TCL Electronics Holdings Limited Stock is HK$4.30 and the 52-week low is HK$2.16.

What is the market capitalization of TCL Electronics Holdings Limited Stock?
As of the 2024-03-28, the market capitalization of TCL Electronics Holdings Limited is 7.096B.
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About TCL Electronics Holdings Limited

TCL Electronics Holdings Limited TCL Electronics Holdings Limited, an investment holding company, operates as a consumer electronics company in the People's Republic of China, Europe, North America, and internationally. It operates through four segments: Smart screen; Internet Business; Smart Mobile, Connective Devices, and Service; and Smart Commercial Display, Smart Home, and Other Businesses. The company manufactures and sells color television (TV) sets under the TCL brand; p... 1070.HK Profile

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