Cosmo Lady (China) Holdings Co Ltd Stock Forecast
Red day on Friday for Cosmo Lady (China) Holdings Co Ltd stock after losing 1.46%
(Updated on May 24, 2024)
The Cosmo Lady (China) Holdings Co Ltd stock price fell by -1.46% on the last day (Friday, 24th May 2024) from HK$0.206 to HK$0.203. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.00% from a day low at HK$0.200 to a day high of HK$0.208. The price has fallen in 6 of the last 10 days and is down by -4.25% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately HK$362.76 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.200 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.53% during the next 3 months and, with a 90% probability hold a price between HK$0.181 and HK$0.210 at the end of this 3-month period.
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2298.HK Signals & Forecast
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. 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$0.211 and HK$0.224. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -6.45%. Further fall is indicated until a new bottom pivot has been found. Cosmo Lady (China) Holdings Co Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A sell signal from a double top formation was found on Tuesday, March 12, 2024 with a target of HK$0.215. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Cosmo Lady (China) Holdings Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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$0.0080 between high and low, or 4.00%. For the last week, the stock has had daily average volatility of 3.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2298.HK) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Cosmo Lady (China) Holdings Company Limited to open at HK$0.204, and during the day (based on 14 day Average True Range), to move between HK$0.194 and HK$0.212, which gives a possible trading interval of +/-HK$0.0090 (+/-4.43%) 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 8.85% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.219, some HK$0.0160 (7.88%) from the current price of HK$0.203, our system finds the risk reward not very attractive.
Is Cosmo Lady (China) Holdings Company Limited stock A Buy?
Cosmo Lady (China) Holdings Co Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.747 Sell Candidate Unchanged
Predicted Opening Price for Cosmo Lady (China) Holdings Company Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| HK$0.204 ( 0.328%) | HK$0.203 |
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 | 0.212 | 4.27 % | |
| R2 | 0.209 | 2.76 % | ||
| R1 | 0.207 | 1.83 % | ||
| Current price: | 0.203 | |||
| Support | S1 | 0.201 | -1.18 % | |
| S2 | 0.199 | -2.11 % | ||
| S3 | 0.196 | -3.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.230 | 13.30 % | |
| R2 | 0.225 | 10.84 % | ||
| R1 | 0.219 | 7.88 % | ||
| Current price | 0.203 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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
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