E-House (China) Enterprise Holdings Ltd Stock Forecast
Big movements in E-House (China) Enterprise Holdings Ltd stock price on Friday moving 16.67% between high and low
(Updated on May 03, 2024)
The E-House (China) Enterprise Holdings Ltd stock price gained 18.97% on the last trading day (Friday, 3rd May 2024), rising from HK$0.116 to HK$0.138. During the last trading day the stock fluctuated 16.67% from a day low at HK$0.120 to a day high of HK$0.140. The price has risen in 8 of the last 10 days and is up by 176% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 869 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$377.36 thousand.
Given the current short-term trend, the stock is expected to fall -48.12% during the next 3 months and, with a 90% probability hold a price between HK$0.0145 and HK$0.0716 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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2048.HK Signals & Forecast
Mostly positive signals in the chart today. The E-House (China) Enterprise Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.0984 and HK$0.107. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 176.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). E-House (China) Enterprise Holdings Ltd 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.
Support, Risk & Stop-loss for E-House (China) Enterprise Holdings Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.129 and HK$0.116. 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, E-House (China) Enterprise Holdings Ltd finds support just below today's level at HK$0.129. If this is broken, then the next support from accumulated volume will be at HK$0.116 and HK$0.115.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0200 between high and low, or 16.67%. For the last week, the stock has had daily average volatility of 31.86%.
Our recommended stop-loss: HK$0.133 (-3.74%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (2048.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect E-House (China) Enterprise Holdings Limited to open at HK$0.133, and during the day (based on 14 day Average True Range), to move between HK$0.117 and HK$0.159, which gives a possible trading interval of +/-HK$0.0207 (+/-14.99%) up or down from last closing price. If E-House (China) Enterprise Holdings Limited takes out the full calculated possible swing range there will be an estimated 29.98% 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$0.139 (0.72%) than the support at HK$0.129 (6.52%), 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 E-House (China) Enterprise Holdings Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.803 Buy Candidate Unchanged
Predicted Opening Price for E-House (China) Enterprise Holdings Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$0.133 ( 3.86%) | HK$0.138 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2048.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.153 | 10.63 % | |
| R2 | 0.145 | 5.09 % | ||
| R1 | 0.140 | 1.67 % | ||
| Current price: | 0.138 | |||
| Support | S1 | 0.125 | -9.40 % | |
| S2 | 0.120 | -12.82 % | ||
| S3 | 0.113 | -18.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.169 | 22.46 % | |
| R2 | 0.147 | 6.52 % | ||
| R1 | 0.139 | 0.725 % | ||
| Current price | 0.138 | |||
| Support | S1 | 0.129 | -6.52% | |
| S2 | 0.116 | -15.94% | ||
| S3 | 0.115 | -16.67% |
2048 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | HK$0.0630 | 0.88% |
| 2 | Mar 31, 2020 | Jul 13, 2020 | Aug 12, 2020 | HK$0.170 | 1.81% |
| 3 | Mar 27, 2019 | Jul 08, 2019 | Aug 12, 2019 | HK$0.227 | 2.65% |
FAQ
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