Should you buy 2439.HK stock?
Last updated:
Based on market data through , StockInvest.us rates China Treasures New Materials Group Ltd. (2439.HK) as a Sell Candidate with a technical score of -4.18 on its -10 to +10 scale. The rating is unchanged from the previous daily evaluation.
- Sell signal since
- Price since signal Down 19.12%
- 3-month trend forecast Down 18.27%
- Easy Tracking In The Watchlist
China Treasures New Materials Group Ltd. stock price down 3.51% on Tuesday
(Market data through Aug 11, 2026)
The China Treasures New Materials Group Ltd. stock price fell by -3.51% on the last day (Tuesday, 11th Aug 2026) from HK$0.285 to HK$0.275. During the last trading day the stock fluctuated 3.64% from a day low at HK$0.275 to a day high of HK$0.285. The price has fallen in 6 of the last 10 days and is down by -19.12% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -60 million shares and in total, 2 million shares were bought and sold for approximately HK$620.95 thousand.
The stock lies in the lower of a very 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$0.269 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.27% during the next 3 months and, with a 90% probability hold a price between HK$0.220 and HK$0.331 at the end of this 3-month period.
2439.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, August 05, 2026, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Treasures New Materials Group 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$0.284 and HK$0.335. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for China Treasures New Materials Group 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 may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0100 between high and low, or 3.64%. For the last week the stock has had daily average volatility of 7.69%.
China Treasures New Materials Group Ltd. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2439.HK) For The Upcoming Trading Day Of Wednesday 12th
For the upcoming trading day on Wednesday, 12th we expect China Treasures New Materials Group Ltd. to open at HK$0.278, and during the day (based on 14 day Average True Range), to move between HK$0.260 and HK$0.290, which gives a possible trading interval of +/-HK$0.0294 (+/-11.30%) up or down from last closing price. If China Treasures New Materials Group Ltd. takes out the full calculated possible swing range there will be an estimated 11.30% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.300, some HK$0.0250 (9.09%) from the current price of HK$0.275, our system finds the risk reward not very attractive.
Is China Treasures New Materials Group Ltd. stock A Buy?
China Treasures New Materials Group Ltd. holds several negative signals and is within a very 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:
-4.184
Sell Candidate
Unchanged
Predicted Fair Opening Price
Predicted fair opening price on August 12, 2026 - HK$0.278 ( 1.21%).
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2439.HK Performance
Trading levels for 2439.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.288 | 4.85% |
| R2 | 0.285 | 3.46% |
| R1 | 0.282 | 2.60% |
| Price | 0.275 | |
| S1 | 0.275 | -0.177% |
| S2 | 0.272 | -1.04% |
| S3 | 0.268 | -2.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.340 | 23.64% |
| R2 | 0.320 | 16.36% |
| R1 | 0.300 | 9.09% |
| Price | 0.275 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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