China Oriented International HoldingsLtd Stock Forecast

China Oriented International HoldingsLtd stock upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)

1871.HK Signals & Forecast

There are few to no technical positive signals at the moment. The China Oriented International HoldingsLtd 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$0.231 and HK$0.290. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -49.66%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for China Oriented International HoldingsLtd stock

China Oriented International HoldingsLtd finds support from accumulated volume at HK$0.216 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0100 between high and low, or 4.74%. For the last week the stock has had daily average volatility of 6.76%.

China Oriented International HoldingsLtd is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: HK$0.204 (-6.70%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 15 which reduces the risk some. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (1871.HK) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect China Oriented International HoldingsLtd to open at HK$0.217, and during the day (based on 14 day Average True Range), to move between HK$0.195 and HK$0.243, which gives a possible trading interval of +/-HK$0.0236 (+/-10.77%) up or down from last closing price. If China Oriented International HoldingsLtd takes out the full calculated possible swing range there will be an estimated 21.55% 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$0.216 (1.37%) than the resistance at HK$0.236 (7.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is China Oriented International HoldingsLtd stock A Buy?

China Oriented International HoldingsLtd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.768 Hold/Accumulate Upgraded

Predicted Opening Price for China Oriented International HoldingsLtd of Monday, April 22, 2024

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