China Tian Lun Gas Holdings Limited Stock Forecast
Red day on Thursday for China Tian Lun Gas Holdings Limited stock after losing 0.611%
(Updated on Apr 25, 2024)
The China Tian Lun Gas Holdings Limited stock price fell by -0.611% on the last day (Thursday, 25th Apr 2024) from HK$4.91 to HK$4.88. During the last trading day the stock fluctuated 1.45% from a day low at HK$4.84 to a day high of HK$4.91. The price has risen in 5 of the last 10 days and is up by 0.21% over the past 2 weeks. 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 -6 thousand shares and in total, 680 thousand shares were bought and sold for approximately HK$3.32 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 30.64% during the next 3 months and, with a 90% probability hold a price between HK$6.18 and HK$7.11 at the end of this 3-month period.
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1600.HK Signals & Forecast
The China Tian Lun Gas 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$4.82 and HK$4.77. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -3.37%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for China Tian Lun Gas Holdings Limited stock
China Tian Lun Gas Holdings Limited finds support from accumulated volume at HK$4.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0700 (1.45%) between high and low. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: HK$4.68 (-4.15%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (1600.HK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect China Tian Lun Gas Holdings Limited to open at HK$4.88, and during the day (based on 14 day Average True Range), to move between HK$4.71 and HK$5.05, which gives a possible trading interval of +/-HK$0.171 (+/-3.50%) up or down from last closing price. If China Tian Lun Gas Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$4.89 (0.20%) than the support at HK$4.79 (1.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is China Tian Lun Gas Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for China Tian Lun Gas Holdings Limited stock to perform well in the short-term.
Current score: 2.990 Buy Candidate Unchanged
Predicted Opening Price for China Tian Lun Gas Holdings Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| HK$4.88 ( 0.0683%) | HK$4.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1600.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.95 | 1.37 % | |
| R2 | 4.92 | 0.82 % | ||
| R1 | 4.90 | 0.480 % | ||
| Current price: | 4.88 | |||
| Support | S1 | 4.85 | -0.616 % | |
| S2 | 4.83 | -0.95 % | ||
| S3 | 4.81 | -1.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.05 | 3.48 % | |
| R2 | 4.90 | 0.410 % | ||
| R1 | 4.89 | 0.205 % | ||
| Current price | 4.88 | |||
| Support | S1 | 4.79 | -1.84% | |
| S2 | 4.34 | -11.07% | ||
| S3 | 4.32 | -11.48% |
1600 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 21, 2024 | HK$0.117 | 2.40% |
| 2 | Oct 24, 2023 | Oct 24, 2023 | Oct 24, 2023 | HK$0.0682 | 1.79% |
| 3 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | HK$0.119 | 2.24% |
| 4 | May 31, 2023 | May 31, 2023 | May 31, 2023 | HK$0.110 | 1.83% |
| 5 | Oct 20, 2022 | Oct 20, 2022 | Oct 20, 2022 | HK$0.0816 | 2.66% |
FAQ
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