CN Logistics International Holdings Ltd Stock Forecast
Big movements in CN Logistics International Holdings Ltd stock price on Friday moving 12.28% between high and low
(Updated on May 10, 2024)
The CN Logistics International Holdings Ltd stock price gained 1.35% on the last trading day (Friday, 10th May 2024), rising from HK$3.70 to HK$3.75. During the last trading day the stock fluctuated 12.28% from a day low at HK$3.34 to a day high of HK$3.75. The price has risen in 5 of the last 10 days and is up by 19.81% 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, 50 thousand more shares were traded than the day before. In total, 265 thousand shares were bought and sold for approximately HK$993.75 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -40.88% during the next 3 months and, with a 90% probability hold a price between HK$1.41 and HK$2.75 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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2130.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 25.00%. 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). CN Logistics International 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CN Logistics International Holdings Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$4.61. On a fall, the stock will find some support from the short-term average at HK$3.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for CN Logistics International Holdings Ltd stock
CN Logistics International Holdings Ltd finds support from accumulated volume at HK$3.70 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 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$0.410 between high and low, or 12.28%. For the last week, the stock has had daily average volatility of 5.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2130.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect CN Logistics International Holdings Limited to open at HK$3.61, and during the day (based on 14 day Average True Range), to move between HK$3.47 and HK$4.03, which gives a possible trading interval of +/-HK$0.279 (+/-7.45%) up or down from last closing price. If CN Logistics International Holdings Limited takes out the full calculated possible swing range there will be an estimated 14.90% 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$3.70 (1.33%) than the resistance at HK$4.68 (24.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CN Logistics International Holdings Limited stock A Buy?
CN Logistics International Holdings Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.526 Sell Candidate Unchanged
Predicted Opening Price for CN Logistics International Holdings Limited of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
HK$3.61 ( 3.64%) | HK$3.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2130.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.02 | 7.29 % | |
R2 | 3.87 | 3.11 % | ||
R1 | 3.77 | 0.532 % | ||
Current price: | 3.75 | |||
Support | S1 | 3.46 | -7.82 % | |
S2 | 3.36 | -10.40 % | ||
S3 | 3.20 | -14.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 4.68 | 24.80 % | ||
Current price | 3.75 | |||
Support | S1 | 3.70 | -1.33% | |
S2 | 3.50 | -6.67% | ||
S3 | 3.48 | -7.20% |
2130 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 19, 2024 | Jun 19, 2024 | Jul 17, 2024 | HK$0.0100 | 0.267% |
2 | Oct 12, 2023 | Oct 12, 2023 | Oct 12, 2023 | HK$0.0300 | 0.477% |
3 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | HK$0.100 | 1.27% |
4 | Sep 09, 2022 | Sep 09, 2022 | Sep 09, 2022 | HK$0.130 | 1.62% |
5 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | HK$0.0900 | 0.98% |
FAQ
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