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AI Analysis of 1148.HK
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Weaker technical forecast for Xinchen China Power Holdings Limited as stock downgraded to Strong Sell Candidate.
(Updated on Jun 14, 2024)

Sell candidate since May 31, 2024 Loss -13.24% PDF

The Xinchen China Power Holdings Limited stock price fell by -2.56% on the last day (Friday, 14th Jun 2024) from HK$0.195 to HK$0.190. During the last trading day the stock fluctuated 2.11% from a day low at HK$0.190 to a day high of HK$0.194. The price has fallen in 8 of the last 10 days and is down by -20.17% for this period. Volume has increased on the last day by 163 thousand 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, 556 thousand shares were bought and sold for approximately HK$105.64 thousand.

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$0.183 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.67% during the next 3 months and, with a 90% probability hold a price between HK$0.147 and HK$0.194 at the end of this 3-month period.

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1148.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Xinchen China Power 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$0.196 and HK$0.223. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -26.92%. 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). Xinchen China Power 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 Xinchen China Power 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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0040 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 2.73%.

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

Trading Expectations (1148.HK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Xinchen China Power Holdings Limited to open at HK$0.191, and during the day (based on 14 day Average True Range), to move between HK$0.178 and HK$0.202, which gives a possible trading interval of +/-HK$0.0122 (+/-6.44%) up or down from last closing price. If Xinchen China Power Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.88% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.202, some HK$0.0120 (6.32%) from the current price of HK$0.190, our system finds the risk reward not very attractive.

Earnings coming up

Xinchen China Power Holdings Limited will release earnings BMO on Thursday, June 20, 2024. We will update the financials statements for Xinchen China Power Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.23% in the first trading day after earnings release.

Is Xinchen China Power Holdings Limited stock A Buy?

Xinchen China Power Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.871 Strong Sell Candidate Downgraded

Predicted Opening Price for Xinchen China Power Holdings Limited of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
HK$0.191 ( 0.702%) HK$0.190

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

Trading levels for 1148.HK

Fibonacci Support & Resistance Levels

Level Price
R3 0.195 2.81%
R2 0.194 2.00%
R1 0.193 1.51%
Price 0.190
S1 0.190 -0.102%
S2 0.189 -0.599%
S3 0.187 -1.40%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.234 23.16%
R2 0.221 16.32%
R1 0.202 6.32%
Price 0.190
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Xinchen China Power Holdings Limited Stock and on which exchange is it traded?
The symbol for Xinchen China Power Holdings Limited is 1148.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Xinchen China Power Holdings Limited Stock?
Xinchen China Power Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy Xinchen China Power Holdings Limited Stock?
Xinchen China Power 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 Xinchen China Power Holdings Limited Stock.

What's the current price of Xinchen China Power Holdings Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Xinchen China Power Holdings Limited (1148.HK) share was HK$0.190.

What is the 52-week high and low for Xinchen China Power Holdings Limited Stock?
The 52-week high for Xinchen China Power Holdings Limited Stock is HK$0.360 and the 52-week low is HK$0.190.

What is the market capitalization of Xinchen China Power Holdings Limited Stock?
As of the Jun 14, 2024, the market capitalization of Xinchen China Power Holdings Limited is 243.62M.

When is the next earnings date for Xinchen China Power Holdings Limited?
The upcoming earnings date for Xinchen China Power Holdings Limited is Jun 20, 2024.
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About Xinchen China Power Holdings Limited

Xinchen China Power Holdings Limited Xinchen China Power Holdings Limited, through its subsidiaries, develops, manufactures, and sells automotive engines for passenger and light duty commercial vehicles in the People's Republic of China. It operates in three segments: Gasoline Engines, Diesel Engines, and Engine Components. The company also manufactures engine parts and components of passenger vehicles, as well as engages in factory premises leasing activities. Xinchen China Power H... 1148.HK Profile

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