Century Sage Scientific Holdings Limited Stock Forecast
Century Sage Scientific Holdings Limited stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
The Century Sage Scientific Holdings Limited stock price fell by -1.43% on the last day (Thursday, 20th Jun 2024) from HK$1.40 to HK$1.38. During the last trading day the stock fluctuated 4.41% from a day low at HK$1.36 to a day high of HK$1.42. The price has fallen in 7 of the last 10 days and is down by -0.72% for this period. Volume has increased on the last day by 268 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, 526 thousand shares were bought and sold for approximately HK$725.88 thousand.
The stock lies in the middle of a very 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 -15.93% during the next 3 months and, with a 90% probability hold a price between HK$0.91 and HK$1.32 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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1450.HK Signals & Forecast
The Century Sage Scientific Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$1.41. On a fall, the stock will find some support from the long-term average at approximately HK$1.33. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 17.95%. 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. Century Sage Scientific 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 Century Sage Scientific Holdings Limited stock
Century Sage Scientific Holdings Limited finds support from accumulated volume at HK$1.36 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$0.0600 between high and low, or 4.41%. For the last week, the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: HK$1.34 (-2.74%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (1450.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Century Sage Scientific Holdings Limited to open at HK$1.39, and during the day (based on 14 day Average True Range), to move between HK$1.32 and HK$1.44, which gives a possible trading interval of +/-HK$0.0638 (+/-4.62%) up or down from last closing price. If Century Sage Scientific Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.24% 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$1.36 (1.45%) than the resistance at HK$1.48 (7.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Century Sage Scientific Holdings Limited 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 Hold/Accumulate to a Buy candidate.
Current score: 2.087 Buy Candidate Upgraded
Predicted Opening Price for Century Sage Scientific Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$1.39 ( 0.483%) | HK$1.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1450.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.45 | 4.83% |
| R2 | 1.42 | 3.17% |
| R1 | 1.41 | 2.14% |
| Price | 1.38 | |
| S1 | 1.36 | -1.18% |
| S2 | 1.35 | -2.20% |
| S3 | 1.33 | -3.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.67 | 21.01% |
| R2 | 1.57 | 13.77% |
| R1 | 1.48 | 7.25% |
| Price | 1.38 | |
| S1 | 1.36 | -1.45% |
| S2 | 1.35 | -2.17% |
| S3 | 1.32 | -4.35% |
1450 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2017 | Jun 16, 2017 | Jul 06, 2017 | HK$0.0060 | 1.62% |
| 2 | Mar 24, 2016 | Jun 10, 2016 | Jun 30, 2016 | HK$0.0060 | 1.18% |
| 3 | Mar 25, 2015 | Jun 18, 2015 | Jul 13, 2015 | HK$0.0390 | 1.74% |
FAQ
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