Guangzhou R&F Properties Co., Ltd. Stock Forecast
Guangzhou R&F Properties Co., Ltd. stock downgraded to Hold/Accumulate
(Updated on May 14, 2024)
The Guangzhou R&F Properties Co., Ltd. stock price fell by -2.73% on the last day (Tuesday, 14th May 2024) from HK$1.10 to HK$1.07. During the last trading day the stock fluctuated 8.74% from a day low at HK$1.03 to a day high of HK$1.12. The price has risen in 6 of the last 10 days and is up by 10.31% over the past 2 weeks. 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 -7 million shares and in total, 13 million shares were bought and sold for approximately HK$14.37 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$1.10 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.68% during the next 3 months and, with a 90% probability hold a price between HK$0.615 and HK$0.95 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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2777.HK Signals & Forecast
The Guangzhou R&F Properties Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$1.01 and HK$0.90. 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 Monday, May 13, 2024, and so far it has fallen -2.73%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Guangzhou R&F Properties Co., Ltd. stock
Guangzhou R&F Properties Co., Ltd. finds support from accumulated volume at HK$1.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0900 between high and low, or 8.74%. For the last week, the stock has had daily average volatility of 9.42%.
The Guangzhou R&F Properties Co., Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: HK$1.02 (-4.52%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (2777.HK) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Guangzhou R&F Properties Co., Ltd. to open at HK$1.07, and during the day (based on 14 day Average True Range), to move between HK$1.00 and HK$1.14, which gives a possible trading interval of +/-HK$0.0684 (+/-6.39%) up or down from last closing price. If Guangzhou R&F Properties Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.79% 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$1.06 (0.93%) than the resistance at HK$1.10 (2.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Guangzhou R&F Properties Co., Ltd. stock A Buy?
Guangzhou R&F Properties Co., Ltd. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.930 Hold/Accumulate Downgraded
Predicted Opening Price for Guangzhou R&F Properties Co., Ltd. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| HK$1.07 ( 0.312%) | HK$1.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2777.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.16 | 8.72 % | |
| R2 | 1.13 | 5.51 % | ||
| R1 | 1.11 | 3.52 % | ||
| Current price: | 1.07 | |||
| Support | S1 | 1.04 | -2.90 % | |
| S2 | 1.02 | -4.89 % | ||
| S3 | 0.98 | -8.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.13 | 5.61 % | |
| R2 | 1.11 | 3.74 % | ||
| R1 | 1.10 | 2.80 % | ||
| Current price | 1.07 | |||
| Support | S1 | 1.06 | -0.93% | |
| S2 | 0.97 | -9.35% | ||
| S3 | 0.83 | -22.43% |
2777 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 09, 2021 | Sep 09, 2021 | Sep 09, 2021 | HK$0.120 | 2.09% |
| 2 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | HK$0.749 | 7.62% |
| 3 | Sep 10, 2020 | Sep 10, 2020 | Sep 10, 2020 | HK$0.425 | 4.45% |
| 4 | Mar 26, 2020 | Jun 02, 2020 | Jun 30, 2020 | HK$0.94 | 10.39% |
| 5 | Aug 22, 2019 | Sep 12, 2019 | Oct 25, 2019 | HK$0.468 | 3.86% |
FAQ
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