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

China ITS (Holdings) Co., Ltd. stock price down 0% on Friday
(Updated on May 31, 2024)

1900.HK Signals & Forecast

There are few to no technical positive signals at the moment. The China ITS (Holdings) 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$0.186 and HK$0.187. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -11.06%. 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 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.

Support, Risk & Stop-loss for China ITS (Holdings) Co., Ltd. stock

China ITS (Holdings) Co., Ltd. finds support from accumulated volume at HK$0.182 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$0.0100 between high and low, or 5.52%. For the last week the stock has had daily average volatility of 6.46%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1900.HK) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect China ITS (Holdings) Co., Ltd. to open at HK$0.186, and during the day (based on 14 day Average True Range), to move between HK$0.173 and HK$0.197, which gives a possible trading interval of +/-HK$0.0121 (+/-6.57%) 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 13.13% 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$0.182 (1.62%) than the resistance at HK$0.189 (2.16%), 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 ITS (Holdings) Co., Ltd. stock A Buy?

The China ITS (Holdings) Co., Ltd. stock holds several negative signals and despite the positive trend, we believe China ITS (Holdings) Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.396 Sell Candidate Unchanged

Predicted Opening Price for China ITS (Holdings) Co., Ltd. of Monday, June 3, 2024

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