China Aircraft Leasing Group Holdings Stock Forecast
Stronger technical forecast for China Aircraft Leasing Group Holdings stock price after Friday trading.
(Updated on Jun 28, 2024)
The China Aircraft Leasing Group Holdings stock price gained 1.82% on the last trading day (Friday, 28th Jun 2024), rising from HK$2.74 to HK$2.79. During the last trading day the stock fluctuated 4.38% from a day low at HK$2.74 to a day high of HK$2.86. The price has fallen in 6 of the last 10 days and is down by -8.22% for this period. Volume fell on the last day by -323 thousand shares and in total, 123 thousand shares were bought and sold for approximately HK$341.78 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$2.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.53% during the next 3 months and, with a 90% probability hold a price between HK$2.56 and HK$3.19 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1848.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.82%. Further rise is indicated until a new top pivot has been found. 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. The China Aircraft Leasing Group Holdings 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$2.85 and HK$3.17. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for China Aircraft Leasing Group Holdings stock
China Aircraft Leasing Group Holdings finds support from accumulated volume at HK$2.74 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$0.120 between high and low, or 4.38%. For the last week the stock has had daily average volatility of 3.59%.
China Aircraft Leasing Group Holdings is oversold on RSI14 (17). 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 (1848.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect China Aircraft Leasing Group Holdings Limited to open at HK$2.80, and during the day (based on 14 day Average True Range), to move between HK$2.70 and HK$2.88, which gives a possible trading interval of +/-HK$0.0883 (+/-3.17%) up or down from last closing price. If China Aircraft Leasing Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.33% 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$2.82 (1.08%) than the support at HK$2.74 (1.79%), 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 Aircraft Leasing Group Holdings Limited stock A Buy?
China Aircraft Leasing Group Holdings holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.609 Sell Candidate Upgraded
Predicted Opening Price for China Aircraft Leasing Group Holdings Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$2.80 ( 0.239%) | HK$2.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1848.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.92 | 4.54% |
| R2 | 2.87 | 2.90% |
| R1 | 2.84 | 1.88% |
| Price | 2.79 | |
| S1 | 2.75 | -1.40% |
| S2 | 2.72 | -2.42% |
| S3 | 2.68 | -4.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.10 | 11.11% |
| R2 | 3.05 | 9.32% |
| R1 | 2.82 | 1.08% |
| Price | 2.79 | |
| S1 | 2.74 | -1.79% |
| S2 | 0 | - |
| S3 | 0 | - |
1848 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Aug 14, 2024 | HK$0.150 | 5.38% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | HK$0.150 | 3.80% |
| 3 | Jun 23, 2023 | Jun 23, 2023 | Jun 23, 2023 | HK$0.150 | 3.61% |
| 4 | Sep 23, 2022 | Sep 23, 2022 | Sep 23, 2022 | HK$0.150 | 3.07% |
| 5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | HK$0.260 | 5.30% |
FAQ
Click here for our free guide on how to buy China Aircraft Leasing Group Holdings Limited Stock.
