CEFC Hong Kong Financial Investment Co Stock Forecast
CEFC Hong Kong Financial Investment Co stock price down 1.27% on Tuesday
(Updated on Jul 02, 2024)
The CEFC Hong Kong Financial Investment Co stock price fell by -1.27% on the last day (Tuesday, 2nd Jul 2024) from HK$0.0790 to HK$0.0780. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.56% from a day low at HK$0.0780 to a day high of HK$0.0800. The price has fallen in 6 of the last 10 days and is down by -10.34% 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 -2 million shares and in total, 174 thousand shares were bought and sold for approximately HK$13.57 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 -31.87% during the next 3 months and, with a 90% probability hold a price between HK$0.0460 and HK$0.0614 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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1520.HK Signals & Forecast
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. 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$0.0863 and HK$0.0879. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -16.13%. Further fall is indicated until a new bottom pivot has been found. 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 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 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$0.0020 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 4.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1520.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CEFC Hong Kong Financial Investment Company Limited to open at HK$0.0787, and during the day (based on 14 day Average True Range), to move between HK$0.0737 and HK$0.0823, which gives a possible trading interval of +/-HK$0.0043 (+/-5.49%) 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 10.98% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.0820, some HK$0.0040 (5.13%) from the current price of HK$0.0780, 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 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: -5.353 Strong Sell Candidate Unchanged
Predicted Opening Price for CEFC Hong Kong Financial Investment Company Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$0.0787 ( 0.85%) | HK$0.0780 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1520.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0807 | 3.42% |
| R2 | 0.0799 | 2.44% |
| R1 | 0.0794 | 1.83% |
| Price | 0.0780 | |
| S1 | 0.0779 | -0.125% |
| S2 | 0.0774 | -0.730% |
| S3 | 0.0767 | -1.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0930 | 19.23% |
| R2 | 0.0900 | 15.38% |
| R1 | 0.0820 | 5.13% |
| Price | 0.0780 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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