China Titans Energy Technology Group Stock Forecast

China Titans Energy Technology Group stock price ended at HK$0.310 on Friday, after losing 0%.
(Updated on Jun 28, 2024)

2188.HK Signals & Forecast

The China Titans Energy Technology Group 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$0.306 and HK$0.307. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for China Titans Energy Technology Group stock

China Titans Energy Technology Group finds support from accumulated volume at HK$0.305 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0.0050 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 2.70%

Our recommended stop-loss: HK$0.298 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (2188.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect China Titans Energy Technology Group Co., Limited to open at HK$0.308, and during the day (based on 14 day Average True Range), to move between HK$0.304 and HK$0.316, which gives a possible trading interval of +/-HK$0.0062 (+/-2.01%) 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 4.01% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.305, some HK$0.0050 (1.61%) from the current price of HK$0.310, our system finds the risk reward attractive.

Is China Titans Energy Technology Group Co., Limited stock A Buy?

China Titans Energy Technology Group 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: 0.252 Hold/Accumulate Unchanged

Predicted Opening Price for China Titans Energy Technology Group Co., Limited of Tuesday, July 2, 2024

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