China Isotope & Radiation Corporation Stock Forecast
Evaluation of China Isotope & Radiation Corporation stock downgraded after the last trading session.
(Updated on May 14, 2024)
The China Isotope & Radiation Corporation stock price fell by -0.355% on the last day (Tuesday, 14th May 2024) from HK$11.26 to HK$11.22. During the last trading day the stock fluctuated 2.70% from a day low at HK$11.10 to a day high of HK$11.40. The price has fallen in 7 of the last 10 days but is still up by 3.51% 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 -500 thousand shares and in total, 80 thousand shares were bought and sold for approximately HK$900.37 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$11.23 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.02% during the next 3 months and, with a 90% probability hold a price between HK$7.65 and HK$9.77 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1763.HK Signals & Forecast
The China Isotope & Radiation Corporation 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$10.95 and HK$10.54. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -0.355%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for China Isotope & Radiation Corporation stock
China Isotope & Radiation Corporation finds support from accumulated volume at HK$10.82 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$0.300 between high and low, or 2.70%. For the last week the stock has had daily average volatility of 4.14%.
Our recommended stop-loss: HK$10.79 (-3.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (1763.HK) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect China Isotope & Radiation Corporation to open at HK$11.24, and during the day (based on 14 day Average True Range), to move between HK$10.82 and HK$11.62, which gives a possible trading interval of +/-HK$0.396 (+/-3.53%) up or down from last closing price. If China Isotope & Radiation Corporation takes out the full calculated possible swing range there will be an estimated 7.06% 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$11.26 (0.36%) than the support at HK$10.82 (3.57%), 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 Isotope & Radiation Corporation stock A Buy?
China Isotope & Radiation Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.777 Hold/Accumulate Downgraded
Predicted Opening Price for China Isotope & Radiation Corporation of Thursday, May 16, 2024
Fair opening price May 16, 2024 | Current price |
---|---|
HK$11.24 ( 0.178%) | HK$11.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1763.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.54 | 2.85 % | |
R2 | 11.43 | 1.83 % | ||
R1 | 11.35 | 1.20 % | ||
Current price: | 11.22 | |||
Support | S1 | 11.13 | -0.84 % | |
S2 | 11.05 | -1.47 % | ||
S3 | 10.94 | -2.50 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.60 | 3.39 % | |
R2 | 11.54 | 2.85 % | ||
R1 | 11.26 | 0.357 % | ||
Current price | 11.22 | |||
Support | S1 | 10.82 | -3.57% | |
S2 | 10.08 | -10.16% | ||
S3 | 9.88 | -11.94% |
1763 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 12, 2024 | Jun 12, 2024 | Aug 06, 2024 | HK$0.339 | 2.99% |
2 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | HK$0.479 | 3.19% |
3 | May 25, 2022 | May 25, 2022 | May 25, 2022 | HK$0.440 | 2.24% |
4 | May 17, 2021 | May 17, 2021 | May 17, 2021 | HK$0.217 | 0.750% |
5 | Mar 31, 2020 | Jul 06, 2020 | Aug 28, 2020 | HK$0.152 | 0.544% |
FAQ
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