C&D International Investment Group Ltd Stock Forecast

Green day on Thursday for C&D International Investment Group Ltd
(Updated on May 23, 2024)

1908.HK Signals & Forecast

The C&D International Investment Group Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$18.24. On a fall, the stock will find some support from the long-term average at approximately HK$15.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, May 17, 2024, and so far it has fallen -2.90%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for C&D International Investment Group Ltd stock

C&D International Investment Group Ltd finds support from accumulated volume at HK$17.62 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.520 between high and low, or 2.93%. For the last week, the stock has had daily average volatility of 4.95%.

Our recommended stop-loss: HK$17.37 (-3.91%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (1908.HK) For The Upcoming Trading Day Of Friday 24th

For the upcoming trading day on Friday, 24th we expect C&D International Investment Group Limited to open at HK$18.01, and during the day (based on 14 day Average True Range), to move between HK$17.25 and HK$18.91, which gives a possible trading interval of +/-HK$0.83 (+/-4.62%) up or down from last closing price. If C&D International Investment Group Limited takes out the full calculated possible swing range there will be an estimated 9.23% 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$18.38 (1.66%) than the support at HK$17.62 (2.54%), 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 C&D International Investment Group Limited 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 C&D International Investment Group Ltd stock to perform well in the short-term.

Current score: 1.452 Buy Candidate Unchanged

Predicted Opening Price for C&D International Investment Group Limited of Friday, May 24, 2024

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