RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 2039.HK
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Green day on Thursday for China International Marine Containers
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 23, 2024 Gain 27.97% PDF

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


# Declaration Date 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

What is the symbol for China International Marine Containers (Group) Co., Ltd. Stock and on which exchange is it traded?
The symbol for China International Marine Containers (Group) Co., Ltd. is 2039.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell China International Marine Containers (Group) Co., Ltd. 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 China International Marine Containers stock to perform well in the short-term.

How to buy China International Marine Containers (Group) Co., Ltd. Stock?
China International Marine Containers (Group) Co., Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy China International Marine Containers (Group) Co., Ltd. Stock.

What's the current price of China International Marine Containers (Group) Co., Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an China International Marine Containers (Group) Co., Ltd. (2039.HK) share was HK$6.68.

What is the 52-week high and low for China International Marine Containers (Group) Co., Ltd. Stock?
The 52-week high for China International Marine Containers (Group) Co., Ltd. Stock is HK$7.16 and the 52-week low is HK$4.00.

What is the market capitalization of China International Marine Containers (Group) Co., Ltd. Stock?
As of the 2024-03-28, the market capitalization of China International Marine Containers (Group) Co., Ltd. is 43.326B.
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About China International Marine Containers (Group) Co., Ltd.

China International Marine Containers (Group) Co. Ltd. China International Marine Containers (Group) Co., Ltd., together with its subsidiaries, manufactures and sells logistics and energy equipment worldwide. The company operates through Containers Manufacturing; Road Transportation Vehicles; Energy, Chemical and Liquid Food Equipment; Offshore Engineering; Airport Facilities, Fire Safety and Automated Logistics Equipment; Heavy Trucks; Logistics Services; Real Estate; Finance and Asset Management; a... 2039.HK Profile

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