Jujiang Construction Group Co., Ltd. Stock Forecast
Jujiang Construction Group Co., Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
No changes to the price of Jujiang Construction Group Co., Ltd. stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.295 to a day high of HK$0.295. The price has been going up and down for this period, and there has been a 1.72% gain for the last 2 weeks.
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 -16.97% during the next 3 months and, with a 90% probability hold a price between HK$0.213 and HK$0.279 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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1459.HK Signals & Forecast
There are mixed signals in the stock today. 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$0.309 and HK$0.325. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Jujiang Construction Group Co., Ltd. stock
Jujiang Construction Group Co., Ltd. finds support from accumulated volume at HK$0.290 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.77%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1459.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Jujiang Construction Group Co., Ltd. to open at HK$0.295, and during the day (based on 14 day Average True Range), to move between HK$0.280 and HK$0.310, which gives a possible trading interval of +/-HK$0.0145 (+/-4.92%) 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 9.85% 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$0.290 (1.69%) than the resistance at HK$0.310 (5.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jujiang Construction Group Co., Ltd. stock A Buy?
Jujiang Construction Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.700 Sell Candidate Downgraded
Predicted Opening Price for Jujiang Construction Group Co., Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.295 ( 0%) | HK$0.295 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1459.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.295 | - |
| R2 | 0.295 | - |
| R1 | 0.295 | - |
| Price | 0.295 | |
| S1 | 0.295 | - |
| S2 | 0.295 | - |
| S3 | 0.295 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.360 | 22.03% |
| R2 | 0.355 | 20.34% |
| R1 | 0.310 | 5.08% |
| Price | 0.295 | |
| S1 | 0.290 | -1.69% |
| S2 | 0.285 | -3.39% |
| S3 | 0 | - |
1459 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jul 26, 2024 | HK$0.0200 | 6.78% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | HK$0.0400 | 7.69% |
| 3 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | HK$0.0400 | 6.35% |
| 4 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | HK$0.0400 | 4.71% |
| 5 | Mar 27, 2020 | Jun 17, 2020 | Jul 24, 2020 | HK$0.0400 | 5.13% |
FAQ
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