China Tianbao Group Development Co Ltd Stock Forecast

China Tianbao Group Development Co Ltd stock price up more than 7.00% on Wednesday
(Updated on Jul 03, 2024)

1427.HK Signals & Forecast

The China Tianbao Group Development Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.198 and HK$0.205. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 18.89%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

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$0.209 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0160 between high and low, or 7.48%. For the last week the stock has had daily average volatility of 7.15%.

Our recommended stop-loss: HK$0.207 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (1427.HK) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect China Tianbao Group Development Co Ltd to open at HK$0.219, and during the day (based on 14 day Average True Range), to move between HK$0.202 and HK$0.226, which gives a possible trading interval of +/-HK$0.0120 (+/-5.59%) 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 11.18% 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$0.209 (2.34%) than the resistance at HK$0.220 (2.80%), 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?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.160 Buy Candidate Upgraded

Predicted Opening Price for China Tianbao Group Development Co Ltd of Thursday, July 4, 2024

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