China New Higher Education Group Limited Stock Forecast
Green day on Tuesday for China New Higher Education Group Limited
(Updated on Jul 02, 2024)
The China New Higher Education Group Limited stock price gained 0.495% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$2.02 to HK$2.03. During the last trading day the stock fluctuated 2.99% from a day low at HK$2.01 to a day high of HK$2.07. The price has fallen in 6 of the last 10 days and is down by -7.73% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 108 thousand more shares were traded than the day before. In total, 404 thousand shares were bought and sold for approximately HK$819.94 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$2.00 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.83% during the next 3 months and, with a 90% probability hold a price between HK$1.80 and HK$2.32 at the end of this 3-month period.
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2001.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.495%. Further rise is indicated until a new top pivot has been found. China New Higher Education Group Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China New Higher Education Group Limited 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$2.05 and HK$2.33. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for China New Higher Education Group Limited stock
China New Higher Education Group Limited finds support from accumulated volume at HK$2.02 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$0.0600 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 3.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2001.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect China New Higher Education Group Limited to open at HK$2.04, and during the day (based on 14 day Average True Range), to move between HK$1.95 and HK$2.11, which gives a possible trading interval of +/-HK$0.0840 (+/-4.14%) up or down from last closing price. If China New Higher Education Group Limited takes out the full calculated possible swing range there will be an estimated 8.27% 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$2.02 (0.49%) than the resistance at HK$2.30 (13.30%), 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 New Higher Education Group Limited stock A Buy?
China New Higher Education Group Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.259 Sell Candidate Unchanged
Predicted Opening Price for China New Higher Education Group Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$2.04 ( 0.328%) | HK$2.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2001.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.10 | 3.28% |
| R2 | 2.07 | 2.16% |
| R1 | 2.06 | 1.46% |
| Price | 2.03 | |
| S1 | 2.01 | -0.80% |
| S2 | 2.00 | -1.50% |
| S3 | 1.98 | -2.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.40 | 18.23% |
| R2 | 2.35 | 15.76% |
| R1 | 2.30 | 13.30% |
| Price | 2.03 | |
| S1 | 2.02 | -0.493% |
| S2 | 0 | - |
| S3 | 0 | - |
2001 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 23, 2024 | Aug 23, 2024 | Sep 20, 2024 | HK$0.105 | 5.17% |
| 2 | Sep 04, 2023 | Sep 04, 2023 | Sep 04, 2023 | HK$0.136 | 5.75% |
| 3 | Mar 01, 2023 | Mar 01, 2023 | Mar 01, 2023 | HK$0.102 | 3.25% |
| 4 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | HK$0.130 | 5.38% |
| 5 | Mar 02, 2022 | Mar 02, 2022 | Mar 02, 2022 | HK$0.101 | 3.81% |
FAQ
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