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AI Analysis of 1669.HK
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Stronger technical forecast for Global International Credit Group Ltd stock price after Thursday trading.
(Updated on Jun 20, 2024)

Hold candidate since Jun 20, 2024 PDF

No changes to the price of Global International Credit Group Ltd stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.540 to a day high of HK$0.540. The price has been going up and down for this period, and there has been a -12.9% loss for the last 2 weeks.

The stock lies in the middle of a wide and weak 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 8.22% during the next 3 months and, with a 90% probability hold a price between HK$0.555 and HK$0.679 at the end of this 3-month period.

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1669.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 5.88%. Further rise is indicated until a new top pivot has been found. 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". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Global International Credit 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$0.569. On a fall, the stock will find some support from the short-term average at HK$0.531. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Global International Credit Group Ltd stock

Global International Credit Group Ltd finds support from accumulated volume at HK$0.530 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.770%.

Our recommended stop-loss: HK$0.513 (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (1669.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Global International Credit Group Limited to open at HK$0.540, and during the day (based on 14 day Average True Range), to move between HK$0.527 and HK$0.553, which gives a possible trading interval of +/-HK$0.0131 (+/-2.43%) 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 4.86% 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$0.530 (1.85%) than the resistance at HK$0.570 (5.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Global International Credit Group Limited stock A Buy?

Global International Credit Group Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
HK$0.540 ( 0%) HK$0.540

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 0.540 -
R2 0.540 -
R1 0.540 -
Price 0.540
S1 0.540 -
S2 0.540 -
S3 0.540 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.620 14.81%
R2 0.590 9.26%
R1 0.570 5.56%
Price 0.540
S1 0.530 -1.85%
S2 0.520 -3.70%
S3 0.510 -5.56%

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 9.26%
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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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 20, 2024, the price of an Global International Credit Group Limited (1669.HK) share was HK$0.540.

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 20, 2024, the market capitalization of Global International Credit Group Limited is 220M.

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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