China International Marine Containers Stock Forecast
Green day on Thursday for China International Marine Containers
(Updated on Mar 28, 2024)
The China International Marine Containers stock price gained 0.451% on the last trading day (Thursday, 28th Mar 2024), rising from HK$6.65 to HK$6.68. During the last trading day the stock fluctuated 8.37% from a day low at HK$6.33 to a day high of HK$6.86. The price has been going up and down for this period, and there has been a -0.3% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately HK$26.04 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 37.44% during the next 3 months and, with a 90% probability hold a price between HK$8.91 and HK$9.93 at the end of this 3-month period.
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2039.HK Signals & Forecast
The China International Marine Containers 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$6.83. On a fall, the stock will find some support from the long-term average at approximately HK$6.39. 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. 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 Wednesday, March 20, 2024, and so far it has fallen -4.98%. 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).
Support, Risk & Stop-loss for China International Marine Containers stock
China International Marine Containers finds support from accumulated volume at HK$6.60 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$0.530 between high and low, or 8.37%. For the last week, the stock has had daily average volatility of 4.61%.
Our recommended stop-loss: HK$6.31 (-5.57%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (2039.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect China International Marine Containers (Group) Co., Ltd. to open at HK$6.62, and during the day (based on 14 day Average True Range), to move between HK$6.36 and HK$7.00, which gives a possible trading interval of +/-HK$0.317 (+/-4.74%) up or down from last closing price. If China International Marine Containers (Group) Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.48% 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$6.75 (1.05%) than the support at HK$6.60 (1.20%), 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 China International Marine Containers (Group) Co., Ltd. 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 China International Marine Containers stock to perform well in the short-term.
Current score: 1.899 Buy Candidate Unchanged
Predicted Opening Price for China International Marine Containers (Group) Co., Ltd. of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
HK$6.62 ( 0.85%) | HK$6.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2039.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.15 | 7.09 % | |
R2 | 6.95 | 4.05 % | ||
R1 | 6.83 | 2.18 % | ||
Current price: | 6.68 | |||
Support | S1 | 6.42 | -3.88 % | |
S2 | 6.30 | -5.75 % | ||
S3 | 6.09 | -8.78 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.94 | 3.89 % | |
R2 | 6.93 | 3.74 % | ||
R1 | 6.75 | 1.05 % | ||
Current price | 6.68 | |||
Support | S1 | 6.60 | -1.20% | |
S2 | 5.73 | -14.22% | ||
S3 | 5.71 | -14.52% |
2039 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 25, 2023 | Jul 25, 2023 | Jul 25, 2023 | HK$0.195 | 4.39% |
2 | Jul 27, 2022 | Jul 27, 2022 | Jul 27, 2022 | HK$0.81 | 10.24% |
3 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | HK$0.227 | 2.08% |
4 | Jun 03, 2020 | Jun 03, 2020 | Jun 03, 2020 | HK$0.0871 | 2.11% |
5 | Jun 05, 2019 | Jun 05, 2019 | Jun 05, 2019 | HK$0.348 | 7.82% |
FAQ
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