Capinfo Company Limited Stock Forecast
Red day on Monday for Capinfo Company Limited stock after losing 0.83%
(Updated on Jun 17, 2024)
The Capinfo Company Limited stock price fell by -0.83% on the last day (Monday, 17th Jun 2024) from HK$0.240 to HK$0.238. During the last trading day the stock fluctuated 0.85% from a day low at HK$0.236 to a day high of HK$0.238. The price has fallen in 4 of the last 10 days and is down by -6.67% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -252 thousand shares and in total, 78 thousand shares were bought and sold for approximately HK$18.56 thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at HK$0.235 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Capinfo Company Limited stock with a 90% probability to be traded between HK$0.232 and HK$0.290 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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1075.HK Signals & Forecast
There are mixed signals in the stock today. The Capinfo Company 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$0.246 and HK$0.259. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 1.28%. 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).
Support, Risk & Stop-loss for Capinfo Company Limited stock
Capinfo Company Limited finds support from accumulated volume at HK$0.235 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 controlled movements and therefore the general risk is considered 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$0.0020 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: HK$0.223 (-6.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (1075.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Capinfo Company Limited to open at HK$0.237, and during the day (based on 14 day Average True Range), to move between HK$0.230 and HK$0.246, which gives a possible trading interval of +/-HK$0.0082 (+/-3.45%) up or down from last closing price. If Capinfo Company Limited takes out the full calculated possible swing range there will be an estimated 6.89% 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$0.235 (1.26%) than the resistance at HK$0.248 (4.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Capinfo Company Limited stock A Buy?
Capinfo Company 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: -0.627 Hold/Accumulate Unchanged
Predicted Opening Price for Capinfo Company Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$0.237 ( 0.280%) | HK$0.238 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1075.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.239 | 0.560% |
| R2 | 0.239 | 0.239% |
| R1 | 0.238 | 0.0409% |
| Price | 0.238 | |
| S1 | 0.237 | -0.601% |
| S2 | 0.236 | -0.799% |
| S3 | 0.235 | -1.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.260 | 9.24% |
| R2 | 0.255 | 7.14% |
| R1 | 0.248 | 4.20% |
| Price | 0.238 | |
| S1 | 0.235 | -1.26% |
| S2 | 0 | - |
| S3 | 0 | - |
1075 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | HK$0.0200 | 5.63% |
| 2 | Jun 21, 2022 | Jun 21, 2022 | Sep 26, 2022 | HK$0.0035 | 1.27% |
| 3 | Jun 22, 2021 | Jun 22, 2021 | Jun 22, 2021 | HK$0.0235 | 6.18% |
| 4 | Jun 23, 2020 | Jun 23, 2020 | Jun 23, 2020 | HK$0.0198 | 5.74% |
| 5 | Mar 25, 2019 | Jun 25, 2019 | Sep 27, 2019 | HK$0.0114 | 3.56% |
FAQ
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