Century Sage Scientific Holdings Limited Stock Forecast
Red day on Thursday for Century Sage Scientific Holdings Limited
(Updated on Jun 27, 2024)
The Century Sage Scientific Holdings Limited stock price fell by -1.52% on the last day (Thursday, 27th Jun 2024) from HK$1.32 to HK$1.30. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.34% from a day low at HK$1.28 to a day high of HK$1.31. The price has fallen in 8 of the last 10 days and is down by -10.96% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -840 thousand shares and in total, 72 thousand shares were bought and sold for approximately HK$93.60 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 -8.53% during the next 3 months and, with a 90% probability hold a price between HK$1.02 and HK$1.33 at the end of this 3-month period.
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1450.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Century Sage Scientific Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$1.35 and HK$1.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -12.16%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Century Sage Scientific Holdings Limited stock
Century Sage Scientific Holdings Limited finds support from accumulated volume at HK$1.27 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$0.0300 between high and low, or 2.34%. For the last week the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1450.HK) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Century Sage Scientific Holdings Limited to open at HK$1.30, and during the day (based on 14 day Average True Range), to move between HK$1.24 and HK$1.36, which gives a possible trading interval of +/-HK$0.0582 (+/-4.47%) 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 8.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$1.32 (1.54%) than the support at HK$1.27 (2.31%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Century Sage Scientific Holdings Limited stock A Buy?
Century Sage Scientific 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.
Current score: -3.568 Sell Candidate Unchanged
Predicted Opening Price for Century Sage Scientific Holdings Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| HK$1.30 ( 0.256%) | HK$1.30 |
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 | 1.33 | 2.05% |
| R2 | 1.32 | 1.17% |
| R1 | 1.31 | 0.625% |
| Price | 1.30 | |
| S1 | 1.29 | -1.14% |
| S2 | 1.28 | -1.68% |
| S3 | 1.27 | -2.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.57 | 20.77% |
| R2 | 1.35 | 3.85% |
| R1 | 1.32 | 1.54% |
| Price | 1.30 | |
| S1 | 1.27 | -2.31% |
| S2 | 1.23 | -5.38% |
| S3 | 1.17 | -10.00% |
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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