C&D International Investment Group Ltd Stock Forecast
C&D International Investment Group Ltd stock price up 2.09% on Friday
(Updated on Jun 14, 2024)
The C&D International Investment Group Ltd stock price gained 2.09% on the last trading day (Friday, 14th Jun 2024), rising from HK$15.30 to HK$15.62. During the last trading day the stock fluctuated 4.91% from a day low at HK$15.06 to a day high of HK$15.80. The price has fallen in 5 of the last 10 days and is down by -2.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 601 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$43.81 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$15.27 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 32.08% during the next 3 months and, with a 90% probability hold a price between HK$20.17 and HK$26.68 at the end of this 3-month period.
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1908.HK Signals & Forecast
There are mixed signals in the stock today. The C&D International Investment Group Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$16.52. On a fall, the stock will find some support from the short-term average at HK$15.38. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -16.11%. 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 is rising along with the price. This is considered to be a good technical signal.
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$15.60 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$0.740 between high and low, or 4.91%. For the last week, the stock has had daily average volatility of 4.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1908.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect C&D International Investment Group Limited to open at HK$15.49, and during the day (based on 14 day Average True Range), to move between HK$14.85 and HK$16.39, which gives a possible trading interval of +/-HK$0.766 (+/-4.90%) 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 9.81% 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$15.60 (0.13%) than the resistance at HK$18.08 (15.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is C&D International Investment Group Limited stock A Buy?
C&D International Investment Group Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.591 Sell Candidate Unchanged
Predicted Opening Price for C&D International Investment Group Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$15.49 ( 0.81%) | HK$15.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1908.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.23 | 3.93% |
| R2 | 15.95 | 2.12% |
| R1 | 15.78 | 1.00% |
| Price | 15.62 | |
| S1 | 15.21 | -2.62% |
| S2 | 15.04 | -3.74% |
| S3 | 14.75 | -5.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.62 | 19.21% |
| R2 | 18.38 | 17.67% |
| R1 | 18.08 | 15.75% |
| Price | 15.62 | |
| S1 | 15.60 | -0.128% |
| S2 | 14.94 | -4.35% |
| S3 | 13.30 | -14.85% |
1908 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | Jul 08, 2024 | HK$1.30 | 8.32% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | HK$1.30 | 7.22% |
| 3 | May 24, 2022 | May 24, 2022 | May 24, 2022 | HK$1.20 | 7.20% |
| 4 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | HK$1.10 | 7.78% |
| 5 | Mar 20, 2020 | May 19, 2020 | Jun 03, 2020 | HK$0.82 | 7.72% |
FAQ
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