China ITS (Holdings) Co., Ltd. Stock Forecast

China ITS (Holdings) Co., Ltd. stock price ended at HK$0.202 on Friday, after losing 0.98%.
(Updated on May 17, 2024)

1900.HK Signals & Forecast

The China ITS (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$0.197 and HK$0.179. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.98%. Further fall is indicated until a new bottom pivot has been found. 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 ITS (Holdings) Co., Ltd. stock

China ITS (Holdings) Co., Ltd. finds support from accumulated volume at HK$0.197 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$0.0020 between high and low, or 0.99%. For the last week the stock has had daily average volatility of 2.79%.

Our recommended stop-loss: HK$0.194 (-4.15%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (1900.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect China ITS (Holdings) Co., Ltd. to open at HK$0.203, and during the day (based on 14 day Average True Range), to move between HK$0.190 and HK$0.214, which gives a possible trading interval of +/-HK$0.0116 (+/-5.76%) up or down from last closing price. If China ITS (Holdings) Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.51% 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$0.203 (0.50%) than the support at HK$0.197 (2.48%), 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 ITS (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 China ITS (Holdings) Co., Ltd. stock to perform well in the short-term.

Current score: 2.616 Buy Candidate Unchanged

Predicted Opening Price for China ITS (Holdings) Co., Ltd. of Monday, May 20, 2024

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