China Gingko Education Group Co Ltd Stock Forecast
China Gingko Education Group Co Ltd stock price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of China Gingko Education Group Co Ltd stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.740 to a day high of HK$0.740. The price has been going up and down for this period, and there has been a -6.33% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -36.39% during the next 3 months and, with a 90% probability hold a price between HK$0.345 and HK$0.536 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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1851.HK Signals & Forecast
There are mixed signals in the stock today. The China Gingko Education Group Co Ltd 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$0.756 and HK$0.797. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for China Gingko Education Group Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.556%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1851.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect China Gingko Education Group Company Limited to open at HK$0.740, and during the day (based on 14 day Average True Range), to move between HK$0.718 and HK$0.762, which gives a possible trading interval of +/-HK$0.0225 (+/-3.04%) up or down from last closing price. If China Gingko Education Group Company Limited takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.750, some HK$0.0100 (1.35%) from the current price of HK$0.740, our system finds the risk reward not very attractive.
Is China Gingko Education Group Company Limited stock A Buy?
China Gingko Education Group Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.690 Sell Candidate Unchanged
Predicted Opening Price for China Gingko Education Group Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.740 ( 0.00000000%) | HK$0.740 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1851.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.740 | 0.00000000 % | |
| R2 | 0.740 | 0.00000000 % | ||
| R1 | 0.740 | 0.00000000 % | ||
| Current price: | 0.740 | |||
| Support | S1 | 0.740 | 0.00000000 % | |
| S2 | 0.740 | 0.00000000 % | ||
| S3 | 0.740 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.92 | 24.32 % | |
| R2 | 0.89 | 20.27 % | ||
| R1 | 0.750 | 1.35 % | ||
| Current price | 0.740 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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