China Tianbao Group Development Co Ltd Stock Forecast

High volatility in China Tianbao Group Development Co Ltd stock price on Tuesday which ended trading at HK$0.200
(Updated on Jul 02, 2024)

1427.HK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Tianbao Group Development Co Ltd 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$0.205. On a fall, the stock will find some support from the short-term average at HK$0.193. 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, June 28, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for China Tianbao Group Development Co Ltd stock

China Tianbao Group Development Co Ltd finds support from accumulated volume at HK$0.196 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$0.0210 between high and low, or 10.50%. For the last week, the stock has had daily average volatility of 5.66%.

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

Trading Expectations (1427.HK) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect China Tianbao Group Development Co Ltd to open at HK$0.207, and during the day (based on 14 day Average True Range), to move between HK$0.189 and HK$0.211, which gives a possible trading interval of +/-HK$0.0105 (+/-5.27%) up or down from last closing price. If China Tianbao Group Development Co Ltd takes out the full calculated possible swing range there will be an estimated 10.55% 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$0.196 (2.00%) than the resistance at HK$0.209 (4.50%), 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 Tianbao Group Development Co Ltd stock A Buy?

China Tianbao Group Development Co Ltd 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: -3.075 Sell Candidate Unchanged

Predicted Opening Price for China Tianbao Group Development Co Ltd of Wednesday, July 3, 2024

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