RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 1378.HK
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Green day on Thursday for China Hongqiao Group Limited
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 01, 2024 Gain 41.03% PDF

The China Hongqiao Group Limited stock price gained 3.90% on the last trading day (Thursday, 28th Mar 2024), rising from HK$8.47 to HK$8.80. During the last trading day the stock fluctuated 6.80% from a day low at HK$8.38 to a day high of HK$8.95. The price has risen in 7 of the last 10 days and is up by 23.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 million more shares were traded than the day before. In total, 68 million shares were bought and sold for approximately HK$597.08 million.

Given the current short-term trend, the stock is expected to rise 30.27% during the next 3 months and, with a 90% probability hold a price between HK$8.89 and HK$11.46 at the end of this 3-month period.

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1378.HK Signals & Forecast

Mostly positive signals in the chart today. The China Hongqiao Group Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$8.03 and HK$6.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, January 22, 2024, and so far it has risen 66.67%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for China Hongqiao Group Limited stock

China Hongqiao Group Limited finds support from accumulated volume at HK$8.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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$0.570 between high and low, or 6.80%. For the last week, the stock has had daily average volatility of 6.26%.

The China Hongqiao Group Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: HK$8.51 (-3.32%) (This stock has high daily movements and this gives high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 46 days ago.)

Trading Expectations (1378.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect China Hongqiao Group Limited to open at HK$8.71, and during the day (based on 14 day Average True Range), to move between HK$8.42 and HK$9.18, which gives a possible trading interval of +/-HK$0.380 (+/-4.32%) up or down from last closing price. If China Hongqiao Group Limited takes out the full calculated possible swing range there will be an estimated 8.64% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$8.38, some HK$0.420 (4.77%) from the current price of HK$8.80, our system finds the risk reward attractive.

Is China Hongqiao Group Limited stock A Buy?

China Hongqiao Group Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.025 Strong Buy Candidate Unchanged

Predicted Opening Price for China Hongqiao Group Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
HK$8.71 ( 1.02%) HK$8.80

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

Trading levels for 1378.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.28 5.45 %
R2 9.06 2.98 %
R1 8.93 1.45 %
Current price: 8.80
Support S1 8.49 -3.50 %
S2 8.36 -5.03 %
S3 8.14 -7.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 8.80
Support S1 8.38 -4.77%
S2 7.62 -13.41%
S3 6.96 -20.91%

1378 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 22, 2024 May 22, 2024 Jun 14, 2024 HK$0.290 3.30%
2 May 23, 2023 May 23, 2023 May 23, 2023 HK$0.100 1.64%
3 Nov 10, 2022 Nov 10, 2022 Nov 10, 2022 HK$0.410 6.58%
4 May 23, 2022 May 23, 2022 May 23, 2022 HK$0.600 6.08%
5 Nov 04, 2021 Nov 04, 2021 Nov 04, 2021 HK$0.450 5.78%

FAQ

What is the symbol for China Hongqiao Group Limited Stock and on which exchange is it traded?
The symbol for China Hongqiao Group Limited is 1378.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell China Hongqiao Group Limited Stock?
China Hongqiao Group Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy China Hongqiao Group Limited Stock?
China Hongqiao Group 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 Hongqiao Group Limited Stock.

What's the current price of China Hongqiao Group Limited Stock?
As of the end of day on the 2024-03-28, the price of an China Hongqiao Group Limited (1378.HK) share was HK$8.80.

What is the 52-week high and low for China Hongqiao Group Limited Stock?
The 52-week high for China Hongqiao Group Limited Stock is HK$8.95 and the 52-week low is HK$5.17.

What is the market capitalization of China Hongqiao Group Limited Stock?
As of the 2024-03-28, the market capitalization of China Hongqiao Group Limited is 83.385B.

When is the next earnings date for China Hongqiao Group Limited?
The upcoming earnings date for China Hongqiao Group Limited is Aug 16, 2024.
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About China Hongqiao Group Limited

China Hongqiao Group Limited China Hongqiao Group Limited, an investment holding company, manufactures and sells aluminum products in the People's Republic of China and Indonesia. The company's products include molten aluminum alloys, aluminum alloy ingots, aluminum busbars, aluminum alloy processing, and alumina products. It also engages in the research, development, manufacture, trading, and sale of bauxite; production and sale of electricity; port operation; trading of ca... 1378.HK Profile

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