China Public Procurement Limited Stock Forecast
China Public Procurement Limited stock price ended at HK$0.224 on Tuesday, after losing 0%.
(Updated on Jul 02, 2024)
No changes to the price of China Public Procurement Limited stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.224 to a day high of HK$0.224. The price has fallen in 5 of the last 10 days and is down by -21.4% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.195 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -39.04% during the next 3 months and, with a 90% probability hold a price between HK$0.119 and HK$0.293 at the end of this 3-month period.
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1094.HK Signals & Forecast
There are few to no technical positive signals at the moment. The China Public Procurement 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$0.245 and HK$0.367. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen 0%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for China Public Procurement Limited stock
China Public Procurement Limited finds support from accumulated volume at HK$0.215 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 very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.90%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1094.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect China Public Procurement Limited to open at HK$0.224, and during the day (based on 14 day Average True Range), to move between HK$0.189 and HK$0.259, which gives a possible trading interval of +/-HK$0.0349 (+/-15.59%) up or down from last closing price. If China Public Procurement Limited takes out the full calculated possible swing range there will be an estimated 31.19% 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$0.215 (4.02%) than the resistance at HK$0.249 (11.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Public Procurement Limited stock A Buy?
China Public Procurement Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.195 Strong Sell Candidate Unchanged
Predicted Opening Price for China Public Procurement Limited of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
HK$0.224 ( 0%) | HK$0.224 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1094.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.224 | - |
R2 | 0.224 | - |
R1 | 0.224 | - |
Price | 0.224 | |
S1 | 0.224 | - |
S2 | 0.224 | - |
S3 | 0.224 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.270 | 20.54% |
R2 | 0.250 | 11.61% |
R1 | 0.249 | 11.16% |
Price | 0.224 | |
S1 | 0.215 | -4.02% |
S2 | 0 | - |
S3 | 0 | - |
1094 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 21, 2003 | Feb 17, 2003 | Feb 28, 2003 | HK$0.95 | 0.740% |
FAQ
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