China 21st Century Education Group Ltd Stock Forecast

Big movements in China 21st Century Education Group Ltd stock price on Wednesday moving 22.35% between high and low
(Updated on Apr 24, 2024)

1598.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 19.41%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The China 21st Century Education Group Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.231. On a fall, the stock will find some support from the short-term average at HK$0.179. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for China 21st Century Education Group Ltd stock

China 21st Century Education Group Ltd finds support from accumulated volume at HK$0.198 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0380 between high and low, or 22.35%. For the last week the stock has had daily average volatility of 7.39%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1598.HK) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect China 21st Century Education Group Limited to open at HK$0.194, and during the day (based on 14 day Average True Range), to move between HK$0.191 and HK$0.215, which gives a possible trading interval of +/-HK$0.0123 (+/-6.07%) up or down from last closing price. If China 21st Century Education Group Limited takes out the full calculated possible swing range there will be an estimated 12.13% 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$0.198 (2.46%) than the resistance at HK$0.229 (12.81%), 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 21st Century Education Group Limited stock A Buy?

China 21st Century Education Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.012 Sell Candidate Upgraded

Predicted Opening Price for China 21st Century Education Group Limited of Thursday, April 25, 2024

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