CGN New Energy Holdings Co., Ltd. Stock Forecast
Red day on Thursday for CGN New Energy Holdings Co., Ltd. stock after losing 0%
(Updated on Mar 28, 2024)
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
# | 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
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