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AI Analysis of 1970.HK
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Red day on Friday for IMAX China Holding, Inc. stock after losing 1.15%
(Updated on Jun 28, 2024)

Buy or Hold candidate since Jun 06, 2024 Gain 2.50% PDF

The IMAX China Holding, Inc. stock price fell by -1.15% on the last day (Friday, 28th Jun 2024) from HK$8.70 to HK$8.60. During the last trading day the stock fluctuated 0.581% from a day low at HK$8.60 to a day high of HK$8.65. The price has been going up and down for this period, and there has been a 0.12% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -102 thousand shares and in total, 26 thousand shares were bought and sold for approximately HK$224.46 thousand.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$8.51 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 34.08% during the next 3 months and, with a 90% probability hold a price between HK$11.42 and HK$12.14 at the end of this 3-month period.

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1970.HK Signals & Forecast

The IMAX China Holding, Inc. 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$8.69. On a fall, the stock will find some support from the long-term average at approximately HK$8.42. 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. 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 Tuesday, June 18, 2024, and so far it has fallen -1.60%. 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 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 stock had a Golden Star Signal on Monday, April 29, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, April 29, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for IMAX China Holding, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$8.00 and HK$7.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, IMAX China Holding, Inc. finds support just below today's level at HK$8.00. If this is broken, then the next support from accumulated volume will be at HK$7.50 and HK$7.11.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0.0500 between high and low, or 0.581%. For the last week the stock has had daily average volatility of 1.49%

Our recommended stop-loss: HK$8.23 (-4.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (1970.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect IMAX China Holding, Inc. to open at HK$8.62, and during the day (based on 14 day Average True Range), to move between HK$8.39 and HK$8.81, which gives a possible trading interval of +/-HK$0.209 (+/-2.43%) up or down from last closing price. If IMAX China Holding, Inc. takes out the full calculated possible swing range there will be an estimated 4.85% 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$8.70 (1.16%) than the support at HK$8.00 (6.98%), 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 IMAX China Holding, Inc. 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 IMAX China Holding, Inc. stock to perform well in the short-term.

Current score: 1.014 Buy Candidate Unchanged

Predicted Opening Price for IMAX China Holding, Inc. of Tuesday, July 2, 2024

Fair opening price July 2, 2024 Current price
HK$8.62 ( 0.194%) HK$8.60

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

Trading levels for 1970.HK

Fibonacci Support & Resistance Levels

Level Price
R3 8.67 0.775%
R2 8.65 0.553%
R1 8.64 0.416%
Price 8.60
S1 8.60 -0.0283%
S2 8.59 -0.166%
S3 8.57 -0.388%

Accumulated Volume Support & Resistance Levels

Level Price
R3 8.72 1.40%
R2 8.71 1.28%
R1 8.70 1.16%
Price 8.60
S1 8.00 -6.98%
S2 7.50 -12.79%
S3 7.11 -17.33%

1970 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 09, 2023 Jun 09, 2023 Jun 09, 2023 HK$0.117 1.81%
2 Aug 09, 2022 Aug 09, 2022 Aug 09, 2022 HK$0.0080 0.114%
3 Jun 27, 2022 Jun 27, 2022 Jun 27, 2022 HK$0.210 2.76%
4 May 30, 2022 May 30, 2022 May 30, 2022 HK$0.210 2.39%
5 Aug 11, 2021 Aug 11, 2021 Aug 11, 2021 HK$0.217 2.01%

FAQ

What is the symbol for IMAX China Holding, Inc. Stock and on which exchange is it traded?
The symbol for IMAX China Holding, Inc. is 1970.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell IMAX China Holding, Inc. Stock?
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 IMAX China Holding, Inc. stock to perform well in the short-term.

How to buy IMAX China Holding, Inc. Stock?
IMAX China Holding, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy IMAX China Holding, Inc. Stock.

What's the current price of IMAX China Holding, Inc. Stock?
As of the end of day on the Jun 28, 2024, the price of an IMAX China Holding, Inc. (1970.HK) share was HK$8.60.

What is the 52-week high and low for IMAX China Holding, Inc. Stock?
The 52-week high for IMAX China Holding, Inc. Stock is HK$9.81 and the 52-week low is HK$6.25.

What is the market capitalization of IMAX China Holding, Inc. Stock?
As of the Jun 28, 2024, the market capitalization of IMAX China Holding, Inc. is 2.92B.

When is the next earnings date for IMAX China Holding, Inc.?
The upcoming earnings date for IMAX China Holding, Inc. is Jul 24, 2024.
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About IMAX China Holding, Inc.

IMAX China Holding, Inc., an investment holding company, provides digital and film-based motion picture technologies in the People's Republic of China, Hong Kong, Macau, and Taiwan. It operates through three groups: IMAX Technology Network, IMAX Technology Sales and Maintenance, and New Business Initiatives and Other. The company engages in the digital re-mastering of Hollywood and Chinese language films into the IMAX format through a proprietary... 1970.HK Profile

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