RSI low/high Values: [ 25 - 70 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 1811.HK
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Red day on Thursday for CGN New Energy Holdings Co., Ltd. stock after losing 0%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 06, 2024 Gain 5.61% PDF

No changes to the price of CGN New Energy Holdings Co., Ltd. stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 3.45% from a day low at HK$2.03 to a day high of HK$2.10. The price has fallen in 5 of the last 10 days and is down by -3.27% for this period.

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 8.49% during the next 3 months and, with a 90% probability hold a price between HK$1.94 and HK$2.35 at the end of this 3-month period.

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1811.HK Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -3.27%. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The CGN New Energy Holdings Co., Ltd. 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$2.05 and HK$1.95. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for CGN New Energy Holdings Co., Ltd. stock

CGN New Energy Holdings Co., Ltd. finds support from accumulated volume at HK$2.06 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$0.0700 between high and low, or 3.45%. For the last week, the stock has had daily average volatility of 4.74%.

Our recommended stop-loss: HK$1.97 (-4.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (1811.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect CGN New Energy Holdings Co., Ltd. to open at HK$2.07, and during the day (based on 14 day Average True Range), to move between HK$2.00 and HK$2.14, which gives a possible trading interval of +/-HK$0.0747 (+/-3.61%) up or down from last closing price. If CGN New Energy Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.22% 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$2.06 (0.48%) than the resistance at HK$2.09 (0.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CGN New Energy Holdings Co., Ltd. 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 CGN New Energy Holdings Co., Ltd. stock to perform well in the short-term.

Current score: 1.309 Buy Candidate Unchanged

Predicted Opening Price for CGN New Energy Holdings Co., Ltd. of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
HK$2.07 ( 0.161%) HK$2.07

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

Trading levels for 1811.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.14 3.22 %
R2 2.11 1.93 %
R1 2.09 1.13 %
Current price: 2.07
Support S1 2.04 -1.45 %
S2 2.02 -2.25 %
S3 2.00 -3.54 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.14 3.38 %
R2 2.12 2.42 %
R1 2.09 0.97 %
Current price 2.07
Support S1 2.06 -0.483%
S2 1.96 -5.31%
S3 1.95 -5.80%

1811 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 06, 2023 Jun 06, 2023 Jun 06, 2023 HK$0.0709 3.18%
2 Jun 06, 2022 Jun 06, 2022 Jun 06, 2022 HK$0.0672 1.77%
3 Jun 04, 2021 Jun 04, 2021 Jun 04, 2021 HK$0.124 5.70%
4 Mar 20, 2019 Jun 03, 2019 Jun 21, 2019 HK$0.0401 3.86%
5 Mar 21, 2018 Jun 04, 2018 Jun 20, 2018 HK$0.0281 2.04%

FAQ

What is the symbol for CGN New Energy Holdings Co., Ltd. Stock and on which exchange is it traded?
The symbol for CGN New Energy Holdings Co., Ltd. is 1811.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell CGN New Energy Holdings Co., Ltd. Stock?
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 CGN New Energy Holdings Co., Ltd. stock to perform well in the short-term.

How to buy CGN New Energy Holdings Co., Ltd. Stock?
CGN New Energy Holdings Co., Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CGN New Energy Holdings Co., Ltd. Stock.

What's the current price of CGN New Energy Holdings Co., Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an CGN New Energy Holdings Co., Ltd. (1811.HK) share was HK$2.07.

What is the 52-week high and low for CGN New Energy Holdings Co., Ltd. Stock?
The 52-week high for CGN New Energy Holdings Co., Ltd. Stock is HK$2.65 and the 52-week low is HK$1.66.

What is the market capitalization of CGN New Energy Holdings Co., Ltd. Stock?
As of the 2024-03-28, the market capitalization of CGN New Energy Holdings Co., Ltd. is 8.882B.

When is the next earnings date for CGN New Energy Holdings Co., Ltd.?
The upcoming earnings date for CGN New Energy Holdings Co., Ltd. is Aug 20, 2024.
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About CGN New Energy Holdings Co., Ltd.

CGN New Energy Holdings Co., Ltd., together with its subsidiaries, generates and supplies electricity and steam in the People's Republic of China and Republic of Korea. The company operates wind, solar, gas-fired, coal-fired, oil-fired, hydro, cogen, and fuel cell projects, as well as a steam project. It also engages in the construction and operation of power stations and other associated facilities. In addition, the company provides management s... 1811.HK Profile

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