CEFC Hong Kong Financial Investment Co Stock Forecast

CEFC Hong Kong Financial Investment Co stock price fell more than -5.26% Friday closing at HK$0.0900
(Updated on May 10, 2024)

1520.HK Signals & Forecast

There are few to no technical positive signals at the moment. The CEFC Hong Kong Financial Investment Co 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$0.0960 and HK$0.115. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -32.84%. 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). CEFC Hong Kong Financial Investment Co 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 CEFC Hong Kong Financial Investment Co 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 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$0.0060 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 3.47%.

CEFC Hong Kong Financial Investment Co is oversold on RSI14 (4). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: HK$0.0847 (-5.92%) (This stock has high daily movements and this gives high risk. Low RSI14 is 4 which reduces the risk some. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (1520.HK) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect CEFC Hong Kong Financial Investment Company Limited to open at HK$0.0920, and during the day (based on 14 day Average True Range), to move between HK$0.0850 and HK$0.0950, which gives a possible trading interval of +/-HK$0.0050 (+/-5.52%) up or down from last closing price. If CEFC Hong Kong Financial Investment Company Limited takes out the full calculated possible swing range there will be an estimated 11.05% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.0980, some HK$0.0080 (8.89%) from the current price of HK$0.0900, our system finds the risk reward not very attractive.

Is CEFC Hong Kong Financial Investment Company Limited stock A Buy?

CEFC Hong Kong Financial Investment Co 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 CEFC Hong Kong Financial Investment Company Limited of Monday, May 13, 2024

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