Jujiang Construction Group Co., Ltd. Stock Forecast

Jujiang Construction Group Co., Ltd. stock price fell more than -15.94% Friday closing at HK$0.290
(Updated on May 24, 2024)

1459.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Jujiang Construction Group Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.337 and HK$0.342. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -18.31%. 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). Jujiang Construction Group Co., Ltd. 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Jujiang Construction Group Co., Ltd. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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$0.0150 between high and low, or 5.36%. For the last week, the stock has had daily average volatility of 1.07%.

Jujiang Construction Group Co., Ltd. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: HK$0.278 (-3.99%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 19 which reduces the risk some. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (1459.HK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Jujiang Construction Group Co., Ltd. to open at HK$0.288, and during the day (based on 14 day Average True Range), to move between HK$0.273 and HK$0.307, which gives a possible trading interval of +/-HK$0.0174 (+/-6.00%) up or down from last closing price. If Jujiang Construction Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.00% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.310, some HK$0.0200 (6.90%) from the current price of HK$0.290, our system finds the risk reward not very attractive.

Is Jujiang Construction Group Co., Ltd. stock A Buy?

Jujiang Construction Group Co., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Jujiang Construction Group Co., Ltd. of Monday, May 27, 2024

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