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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 1669.HK
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Global International Credit Group Ltd stock price down 3.77% on Monday
(Updated on Jun 17, 2024)

Hold candidate since Jun 14, 2024 Loss -3.77% PDF

The Global International Credit Group Ltd stock price fell by -3.77% on the last day (Monday, 17th Jun 2024) from HK$0.530 to HK$0.510. During the last trading day the stock fluctuated 1.96% from a day low at HK$0.510 to a day high of HK$0.520. The price has been going up and down for this period, and there has been a -15% loss for the last 2 weeks. Volume has increased on the last day by 42 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 42 thousand shares were bought and sold for approximately HK$21.42 thousand.

The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at HK$0.559. A reaction back to this level may hold a second chance to get out before further falls.

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1669.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Global International Credit Group Ltd 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$0.547 and HK$0.569. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -17.74%. 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). Global International Credit Group Ltd 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Global International Credit Group Ltd 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0100 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 0.763%.

Global International Credit Group Ltd is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: HK$0.482 (-5.58%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 21 which reduces the risk some. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (1669.HK) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Global International Credit Group Limited to open at HK$0.513, and during the day (based on 14 day Average True Range), to move between HK$0.496 and HK$0.524, which gives a possible trading interval of +/-HK$0.0141 (+/-2.76%) up or down from last closing price. If Global International Credit Group Limited takes out the full calculated possible swing range there will be an estimated 5.51% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.520, some HK$0.0100 (1.96%) from the current price of HK$0.510, our system finds the risk reward not very attractive.

Is Global International Credit Group Limited stock A Buy?

Global International Credit Group Ltd 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Global International Credit Group Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
HK$0.513 ( 0.654%) HK$0.510

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

Trading levels for 1669.HK

Fibonacci Support & Resistance Levels

Level Price
R3 0.523 2.61%
R2 0.520 1.87%
R1 0.517 1.40%
Price 0.510
S1 0.510 -0.0954%
S2 0.507 -0.558%
S3 0.503 -1.31%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.590 15.69%
R2 0.540 5.88%
R1 0.520 1.96%
Price 0.510
S1 0 -
S2 0 -
S3 0 -

1669 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 07, 2024 Jun 07, 2024 Jun 28, 2024 HK$0.0500 9.80%
2 May 31, 2023 May 31, 2023 May 31, 2023 HK$0.0510 10.63%
3 Jun 06, 2022 Jun 06, 2022 Jun 06, 2022 HK$0.0530 9.46%
4 Jun 04, 2021 Jun 04, 2021 Jun 04, 2021 HK$0.0320 4.92%
5 Mar 26, 2020 Jul 03, 2020 Jul 21, 2020 HK$0.0230 4.26%

FAQ

What is the symbol for Global International Credit Group Limited Stock and on which exchange is it traded?
The symbol for Global International Credit Group Limited is 1669.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Global International Credit Group Limited Stock?
Global International Credit Group Ltd 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.

How to buy Global International Credit Group Limited Stock?
Global International Credit Group Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Global International Credit Group Limited Stock.

What's the current price of Global International Credit Group Limited Stock?
As of the end of day on the Jun 17, 2024, the price of an Global International Credit Group Limited (1669.HK) share was HK$0.510.

What is the 52-week high and low for Global International Credit Group Limited Stock?
The 52-week high for Global International Credit Group Limited Stock is HK$0.620 and the 52-week low is HK$0.460.

What is the market capitalization of Global International Credit Group Limited Stock?
As of the Jun 17, 2024, the market capitalization of Global International Credit Group Limited is 204M.

When is the next earnings date for Global International Credit Group Limited?
The upcoming earnings date for Global International Credit Group Limited is Jun 04, 2025.
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About Global International Credit Group Limited

Global International Credit Group Limited, an investment holding company, engages in money lending business in Hong Kong. It provides short-term and long-term property mortgage, and personal loans. The company was founded in 2008 and is headquartered in Central, Hong Kong. Global International Credit Group Limited is a subsidiary of Blossom Spring Global Limited.... 1669.HK Profile

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