China Communications Construction Co Ltd Stock Forecast
Red day on Tuesday for China Communications Construction Co Ltd stock after losing 0.483%
(Updated on Apr 23, 2024)
The China Communications Construction Co Ltd stock price fell by -0.483% on the last day (Tuesday, 23rd Apr 2024) from HK$4.14 to HK$4.12. During the last trading day the stock fluctuated 1.22% from a day low at HK$4.11 to a day high of HK$4.16. The price has fallen in 5 of the last 10 days but is still up by 3.26% 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 -1 million shares and in total, 11 million shares were bought and sold for approximately HK$45.32 million.
The stock lies in the upper part of a strong rising 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$4.19 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.84% during the next 3 months and, with a 90% probability hold a price between HK$4.40 and HK$4.81 at the end of this 3-month period.
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1800.HK Signals & Forecast
The China Communications Construction Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$4.13. On a fall, the stock will find some support from the long-term average at approximately HK$3.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, April 19, 2024, and so far it has fallen -1.20%. Further fall is indicated until a new bottom pivot has been found. 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 Communications Construction Co Ltd stock
China Communications Construction Co Ltd finds support from accumulated volume at HK$4.03 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$0.0500 between high and low, or 1.22%. For the last week, the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: HK$3.94 (-4.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (1800.HK) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect China Communications Construction Company Limited to open at HK$4.13, and during the day (based on 14 day Average True Range), to move between HK$4.01 and HK$4.23, which gives a possible trading interval of +/-HK$0.109 (+/-2.65%) up or down from last closing price. If China Communications Construction Company Limited takes out the full calculated possible swing range there will be an estimated 5.30% 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$4.14 (0.49%) than the support at HK$4.03 (2.18%), 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 Communications Construction Company 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 Communications Construction Co Ltd stock to perform well in the short-term.
Current score: 3.412 Buy Candidate Unchanged
Predicted Opening Price for China Communications Construction Company Limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| HK$4.13 ( 0.243%) | HK$4.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1800.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.18 | 1.46 % | |
| R2 | 4.16 | 0.99 % | ||
| R1 | 4.15 | 0.706 % | ||
| Current price: | 4.12 | |||
| Support | S1 | 4.11 | -0.221 % | |
| S2 | 4.10 | -0.507 % | ||
| S3 | 4.08 | -0.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.16 | 0.97 % | |
| R2 | 4.15 | 0.728 % | ||
| R1 | 4.14 | 0.485 % | ||
| Current price | 4.12 | |||
| Support | S1 | 4.03 | -2.18% | |
| S2 | 3.69 | -10.44% | ||
| S3 | 3.68 | -10.68% |
1800 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | HK$0.247 | 5.60% |
| 2 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | HK$0.251 | 6.30% |
| 3 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | HK$0.214 | 5.82% |
| 4 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | HK$0.255 | 5.47% |
| 5 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | HK$0.269 | 3.82% |
FAQ
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