Cosmo Lady (China) Holdings Co Ltd Stock Forecast
Cosmo Lady (China) Holdings Co Ltd stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The Cosmo Lady (China) Holdings Co Ltd stock price gained 1.86% on the last trading day (Friday, 3rd May 2024), rising from HK$0.215 to HK$0.219. During the last trading day the stock fluctuated 3.23% from a day low at HK$0.217 to a day high of HK$0.224. The price has fallen in 5 of the last 10 days and is down by -2.67% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 274 thousand more shares were traded than the day before. In total, 616 thousand shares were bought and sold for approximately HK$134.90 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.215 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.27% during the next 3 months and, with a 90% probability hold a price between HK$0.222 and HK$0.258 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2298.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.86%. Further rise is indicated until a new top pivot has been found. Cosmo Lady (China) Holdings Co 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 Cosmo Lady (China) Holdings Co Ltd 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$0.223 and HK$0.233. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cosmo Lady (China) Holdings Co Ltd stock
Cosmo Lady (China) Holdings Co Ltd finds support from accumulated volume at HK$0.215 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0070 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 3.73%.
Our recommended stop-loss: HK$0.206 (-5.71%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (2298.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Cosmo Lady (China) Holdings Company Limited to open at HK$0.220, and during the day (based on 14 day Average True Range), to move between HK$0.210 and HK$0.228, which gives a possible trading interval of +/-HK$0.0093 (+/-4.25%) up or down from last closing price. If Cosmo Lady (China) Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 8.50% 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$0.215 (1.83%) than the resistance at HK$0.225 (2.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cosmo Lady (China) Holdings Company Limited stock A Buy?
Cosmo Lady (China) Holdings Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.299 Hold/Accumulate Upgraded
Predicted Opening Price for Cosmo Lady (China) Holdings Company Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$0.220 ( 0.457%) | HK$0.219 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2298.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.227 | 3.65 % | |
| R2 | 0.224 | 2.43 % | ||
| R1 | 0.223 | 1.68 % | ||
| Current price: | 0.219 | |||
| Support | S1 | 0.217 | -0.764 % | |
| S2 | 0.216 | -1.52 % | ||
| S3 | 0.213 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.240 | 9.59 % | |
| R2 | 0.230 | 5.02 % | ||
| R1 | 0.225 | 2.74 % | ||
| Current price | 0.219 | |||
| Support | S1 | 0.215 | -1.83% | |
| S2 | 0.211 | -3.65% | ||
| S3 | 0.210 | -4.11% |
2298 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2019 | May 23, 2019 | Jun 10, 2019 | HK$0.0620 | 3.00% |
| 2 | Aug 20, 2018 | Aug 31, 2018 | Sep 17, 2018 | HK$0.0273 | 0.773% |
| 3 | Mar 22, 2018 | May 24, 2018 | Jun 07, 2018 | HK$0.0334 | 0.784% |
| 4 | Aug 21, 2017 | Sep 01, 2017 | Sep 01, 2017 | HK$0.0258 | 0.86% |
| 5 | Mar 27, 2017 | May 23, 2017 | Jun 08, 2017 | HK$0.0621 | 1.97% |
FAQ
Click here for our free guide on how to buy Cosmo Lady (China) Holdings Company Limited Stock.
