China Titans Energy Technology Group Stock Forecast
China Titans Energy Technology Group stock price ended at HK$0.305 on Wednesday, after gaining 1.67%.
(Updated on Jun 26, 2024)
The China Titans Energy Technology Group stock price gained 1.67% on the last trading day (Wednesday, 26th Jun 2024), rising from HK$0.300 to HK$0.305. During the last trading day the stock fluctuated 1.67% from a day low at HK$0.300 to a day high of HK$0.305. The price has been going up and down for this period, and there has been a 0% change 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, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$950.38 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect China Titans Energy Technology Group stock with a 90% probability to be traded between HK$0.290 and HK$0.306 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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2188.HK Signals & Forecast
There are mixed signals in the stock today. The China Titans Energy Technology Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.306 and HK$0.307. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.67%. 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). China Titans Energy Technology Group 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 China Titans Energy Technology Group stock
China Titans Energy Technology Group finds support from accumulated volume at HK$0.300 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0050 between high and low, or 1.67%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2188.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect China Titans Energy Technology Group Co., Limited to open at HK$0.303, and during the day (based on 14 day Average True Range), to move between HK$0.299 and HK$0.311, which gives a possible trading interval of +/-HK$0.0060 (+/-1.98%) up or down from last closing price. If China Titans Energy Technology Group Co., Limited takes out the full calculated possible swing range there will be an estimated 3.96% 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$0.310 (1.64%) than the support at HK$0.300 (1.64%), 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 Titans Energy Technology Group Co., Limited stock A Buy?
China Titans Energy Technology Group 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: -3.777 Sell Candidate Unchanged
Predicted Opening Price for China Titans Energy Technology Group Co., Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$0.303 ( 0.546%) | HK$0.305 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2188.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.308 | 1.09% |
| R2 | 0.306 | 0.467% |
| R1 | 0.305 | 0.0798% |
| Price | 0.305 | |
| S1 | 0.301 | -1.17% |
| S2 | 0.300 | -1.56% |
| S3 | 0.298 | -2.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.310 | 1.64% |
| Price | 0.305 | |
| S1 | 0.300 | -1.64% |
| S2 | 0.295 | -3.28% |
| S3 | 0 | - |
2188 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2012 | May 29, 2012 | Jun 15, 2012 | HK$0.0100 | 1.89% |
| 2 | Aug 29, 2011 | Sep 09, 2011 | Oct 21, 2011 | HK$0.0300 | 3.80% |
FAQ
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