E-House (China) Enterprise Holdings Ltd Stock Forecast

E-House (China) Enterprise Holdings Ltd stock price ended at HK$0.174 on Friday, after losing 4.92%.
(Updated on May 24, 2024)

2048.HK Signals & Forecast

The E-House (China) Enterprise Holdings Ltd 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$0.182. On a fall, the stock will find some support from the long-term average at approximately HK$0.115. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, May 20, 2024, and so far it has fallen -8.42%. Further fall is indicated until a new bottom pivot has been found. 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 very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for E-House (China) Enterprise Holdings Ltd stock

E-House (China) Enterprise Holdings Ltd finds support from accumulated volume at HK$0.173 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0030 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 10.50%.

Our recommended stop-loss: HK$0.166 (-4.43%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (2048.HK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect E-House (China) Enterprise Holdings Limited to open at HK$0.174, and during the day (based on 14 day Average True Range), to move between HK$0.148 and HK$0.200, which gives a possible trading interval of +/-HK$0.0257 (+/-14.76%) 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 29.53% 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$0.173 (0.57%) than the resistance at HK$0.187 (7.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is E-House (China) Enterprise Holdings Limited stock A Buy?

E-House (China) Enterprise Holdings Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.599 Hold/Accumulate Unchanged

Predicted Opening Price for E-House (China) Enterprise Holdings Limited of Monday, May 27, 2024

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