Hebei Construction Group Corp Ltd Stock Forecast

Red day on Friday for Hebei Construction Group Corp Ltd
(Updated on Jun 28, 2024)

1727.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hebei Construction Group Corp 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$0.531 and HK$0.578. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Hebei Construction Group Corp Ltd stock

Hebei Construction Group Corp Ltd finds support from accumulated volume at HK$0.495 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0300 between high and low, or 6.25%. For the last week the stock has had daily average volatility of 7.21%.

Hebei Construction Group Corp Ltd is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (1727.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Hebei Construction Group Corporation Limited to open at HK$0.497, and during the day (based on 14 day Average True Range), to move between HK$0.460 and HK$0.540, which gives a possible trading interval of +/-HK$0.0398 (+/-7.96%) up or down from last closing price. If Hebei Construction Group Corporation Limited takes out the full calculated possible swing range there will be an estimated 15.92% 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$0.495 (1.00%) than the resistance at HK$0.530 (6.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hebei Construction Group Corporation Limited stock A Buy?

The Hebei Construction Group Corp Ltd stock holds several negative signals and despite the positive trend, we believe Hebei Construction Group Corp Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.365 Sell Candidate Unchanged

Predicted Opening Price for Hebei Construction Group Corporation Limited of Tuesday, July 2, 2024

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