CMBC Capital Holdings Limited Stock Forecast
Evaluation of CMBC Capital Holdings Limited stock downgraded after the last trading session.
(Updated on May 27, 2024)
The CMBC Capital Holdings Limited stock price fell by -2.54% on the last day (Monday, 27th May 2024) from HK$0.236 to HK$0.230. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.09% from a day low at HK$0.230 to a day high of HK$0.244. The price has risen in 5 of the last 10 days but is still down by -3.36% 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$526.24 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.22% during the next 3 months and, with a 90% probability hold a price between HK$0.159 and HK$0.184 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1141.HK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CMBC Capital 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$0.242 and HK$0.262. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -11.54%. Further fall is indicated until a new bottom pivot has been found. CMBC Capital 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 CMBC Capital Holdings Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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$0.0140 between high and low, or 6.09%. For the last week, the stock has had daily average volatility of 5.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1141.HK) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect CMBC Capital Holdings Limited to open at HK$0.235, and during the day (based on 14 day Average True Range), to move between HK$0.217 and HK$0.243, which gives a possible trading interval of +/-HK$0.0134 (+/-5.84%) up or down from last closing price. If CMBC Capital Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.67% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.234, some HK$0.0040 (1.74%) from the current price of HK$0.230, our system finds the risk reward not very attractive.
Is CMBC Capital Holdings Limited stock A Buy?
CMBC Capital Holdings Limited holds several negative signals and is within a 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. 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: -4.445 Sell Candidate Downgraded
Predicted Opening Price for CMBC Capital Holdings Limited of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| HK$0.235 ( 2.03%) | HK$0.230 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1141.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.249 | 8.12 % | |
| R2 | 0.243 | 5.79 % | ||
| R1 | 0.240 | 4.35 % | ||
| Current price: | 0.230 | |||
| Support | S1 | 0.229 | -0.296 % | |
| S2 | 0.226 | -1.73 % | ||
| S3 | 0.221 | -4.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.285 | 23.91 % | |
| R2 | 0.255 | 10.87 % | ||
| R1 | 0.234 | 1.74 % | ||
| Current price | 0.230 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
1141 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | HK$0.0748 | 3.96% |
| 2 | Jul 06, 2021 | Jul 06, 2021 | Jul 06, 2021 | HK$0.132 | 3.51% |
| 3 | Mar 23, 2020 | Jul 06, 2020 | Jul 24, 2020 | HK$0.132 | 2.14% |
| 4 | Mar 28, 2019 | Jul 03, 2019 | Jul 26, 2019 | HK$0.0800 | 1.03% |
| 5 | Apr 10, 2017 | May 04, 2017 | May 24, 2017 | HK$1.30 | 7.57% |
FAQ
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