China Kepei Education Group Limited Stock Forecast
Green day on Friday for China Kepei Education Group Limited stock after gaining 3.57%
(Updated on May 03, 2024)
The China Kepei Education Group Limited stock price gained 3.57% on the last trading day (Friday, 3rd May 2024), rising from HK$1.68 to HK$1.74. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 6.71% from a day low at HK$1.64 to a day high of HK$1.75. The price has risen in 8 of the last 10 days and is up by 23.4% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately HK$5.00 million. 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 upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$1.78 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.14% during the next 3 months and, with a 90% probability hold a price between HK$1.48 and HK$1.96 at the end of this 3-month period.
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1890.HK Signals & Forecast
The China Kepei Education Group Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$1.49 and HK$1.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 30.83%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for China Kepei Education Group Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$1.58 and HK$1.49. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, China Kepei Education Group Limited finds support just below today's level at HK$1.58. If this is broken, then the next support from accumulated volume will be at HK$1.49 and HK$1.33.
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$0.110 between high and low, or 6.71%. For the last week, the stock has had daily average volatility of 9.76%.
Since the China Kepei Education Group Limited has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: HK$1.69 (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (1890.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect China Kepei Education Group Limited to open at HK$1.71, and during the day (based on 14 day Average True Range), to move between HK$1.65 and HK$1.83, which gives a possible trading interval of +/-HK$0.0927 (+/-5.33%) up or down from last closing price. If China Kepei Education Group Limited takes out the full calculated possible swing range there will be an estimated 10.66% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$1.58, some HK$0.160 (9.20%) from the current price of HK$1.74, our system finds the risk reward attractive.
Is China Kepei Education Group Limited stock A Buy?
China Kepei Education Group Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for China Kepei Education Group Limited of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
HK$1.71 ( 1.72%) | HK$1.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1890.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.82 | 4.60 % | |
R2 | 1.78 | 2.18 % | ||
R1 | 1.75 | 0.691 % | ||
Current price: | 1.74 | |||
Support | S1 | 1.67 | -4.14 % | |
S2 | 1.64 | -5.63 % | ||
S3 | 1.60 | -8.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 1.74 | |||
Support | S1 | 1.58 | -9.20% | |
S2 | 1.49 | -14.37% | ||
S3 | 1.33 | -23.56% |
1890 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 06, 2024 | Dec 06, 2024 | Dec 20, 2024 | HK$0.0700 | 4.02% |
2 | Aug 04, 2023 | Aug 04, 2023 | Aug 04, 2023 | HK$0.0600 | 2.53% |
3 | Aug 15, 2022 | Aug 15, 2022 | Aug 15, 2022 | HK$0.0600 | 3.35% |
4 | Mar 04, 2022 | Mar 04, 2022 | Mar 04, 2022 | HK$0.0600 | 2.82% |
5 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | HK$0.120 | 2.23% |
FAQ
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