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AI Analysis of 1109.HK
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Red day on Thursday for China Resources Land Limited stock after losing 1.27%
(Updated on Jun 20, 2024)

Sell candidate since Jun 06, 2024 Loss -5.71% PDF

The China Resources Land Limited stock price fell by -1.27% on the last day (Thursday, 20th Jun 2024) from HK$27.60 to HK$27.25. During the last trading day the stock fluctuated 2.41% from a day low at HK$27.00 to a day high of HK$27.65. The price has been going up and down for this period, and there has been a -7.94% loss for the last 2 weeks. 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 -4 million shares and in total, 8 million shares were bought and sold for approximately HK$228.27 million.

The stock lies in the lower part of a very 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$27.01 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 21.85% during the next 3 months and, with a 90% probability hold a price between HK$32.92 and HK$43.04 at the end of this 3-month period.

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1109.HK Signals & Forecast

There are mixed signals in the stock today. The China Resources Land 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$29.71. On a fall, the stock will find some support from the short-term average at HK$27.04. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -17.05%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for China Resources Land Limited stock

China Resources Land Limited finds support from accumulated volume at HK$26.70 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$0.650 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 3.98%.

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

Trading Expectations (1109.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect China Resources Land Limited to open at HK$27.30, and during the day (based on 14 day Average True Range), to move between HK$26.02 and HK$28.48, which gives a possible trading interval of +/-HK$1.23 (+/-4.51%) up or down from last closing price. If China Resources Land Limited takes out the full calculated possible swing range there will be an estimated 9.03% 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$26.70 (2.02%) than the resistance at HK$29.10 (6.79%), 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 Resources Land Limited stock A Buy?

China Resources Land Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -4.080 Sell Candidate Unchanged

Predicted Opening Price for China Resources Land Limited of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
HK$27.30 ( 0.183%) HK$27.25

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

Trading levels for 1109.HK

Fibonacci Support & Resistance Levels

Level Price
R3 27.95 2.57%
R2 27.70 1.66%
R1 27.55 1.09%
Price 27.25
S1 27.05 -0.728%
S2 26.90 -1.29%
S3 26.65 -2.20%

Accumulated Volume Support & Resistance Levels

Level Price
R3 32.85 20.55%
R2 31.90 17.06%
R1 29.10 6.79%
Price 27.25
S1 26.70 -2.02%
S2 23.70 -13.03%
S3 23.50 -13.76%

1109 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 12, 2024 Jun 12, 2024 Jul 26, 2024 HK$1.35 4.95%
2 Sep 12, 2023 Sep 12, 2023 Oct 27, 2023 HK$0.216 0.714%
3 Jun 09, 2023 Jun 09, 2023 Jun 09, 2023 HK$1.39 4.32%
4 Sep 14, 2022 Sep 14, 2022 Sep 14, 2022 HK$0.208 0.633%
5 Jun 20, 2022 Jun 20, 2022 Jun 20, 2022 HK$1.48 4.35%

FAQ

What is the symbol for China Resources Land Limited Stock and on which exchange is it traded?
The symbol for China Resources Land Limited is 1109.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell China Resources Land Limited Stock?
China Resources Land Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy China Resources Land Limited Stock?
China Resources Land 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 China Resources Land Limited Stock.

What's the current price of China Resources Land Limited Stock?
As of the end of day on the Jun 20, 2024, the price of an China Resources Land Limited (1109.HK) share was HK$27.25.

What is the 52-week high and low for China Resources Land Limited Stock?
The 52-week high for China Resources Land Limited Stock is HK$37.90 and the 52-week low is HK$20.35.

What is the market capitalization of China Resources Land Limited Stock?
As of the Jun 20, 2024, the market capitalization of China Resources Land Limited is 193.962B.

When is the next earnings date for China Resources Land Limited?
The upcoming earnings date for China Resources Land Limited is Aug 27, 2024.
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About China Resources Land Limited

China Resources Land Limited China Resources Land Limited, an investment holding company, invests in, develops, manages, and sells properties in the People's Republic of China. The company operates through four segments: Development Properties for Sale; Property Investments and Management; Hotel Operations; and Construction, Decoration Services, and Others. It sells residential, office, and commercial premises; leases investment properties; offers hotel accommodation and cat... 1109.HK Profile

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