China Art Financial Holdings Limited Stock Forecast

Big movements in China Art Financial Holdings Limited stock price on Friday moving 12.10% between high and low
(Updated on May 17, 2024)

1572.HK Signals & Forecast

Mostly positive signals in the chart today. The China Art Financial Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.136 and HK$0.134. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 14.17%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".

Support, Risk & Stop-loss for China Art Financial Holdings Limited stock

China Art Financial Holdings Limited finds support from accumulated volume at HK$0.134 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 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 12.10%. For the last week, the stock has had daily average volatility of 4.12%.

Our recommended stop-loss: HK$0.132 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (1572.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect China Art Financial Holdings Limited to open at HK$0.133, and during the day (based on 14 day Average True Range), to move between HK$0.129 and HK$0.145, which gives a possible trading interval of +/-HK$0.0079 (+/-5.75%) up or down from last closing price. If China Art Financial Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.49% 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$0.134 (2.19%) than the resistance at HK$0.157 (14.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is China Art Financial Holdings Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.188 Buy Candidate Unchanged

Predicted Opening Price for China Art Financial Holdings Limited of Monday, May 20, 2024

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