C&D International Investment Group Ltd Stock Forecast

C&D International Investment Group Ltd stock upgraded to Hold/Accumulate.
(Updated on Jun 20, 2024)

1908.HK Signals & Forecast

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. The C&D International Investment Group 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$15.31 and HK$16.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -18.80%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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$14.94 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.520 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 3.88%.

Our recommended stop-loss: HK$14.33 (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (1908.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect C&D International Investment Group Limited to open at HK$15.21, and during the day (based on 14 day Average True Range), to move between HK$14.41 and HK$15.83, which gives a possible trading interval of +/-HK$0.710 (+/-4.70%) 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 9.40% 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$14.94 (1.19%) than the resistance at HK$15.60 (3.17%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.563 Hold/Accumulate Upgraded

Predicted Opening Price for C&D International Investment Group Limited of Friday, June 21, 2024

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