Guangzhou R&F Properties Co., Ltd. Stock Forecast
Guangzhou R&F Properties Co., Ltd. stock price ended at HK$0.95 on Friday, after gaining 1.06%.
(Updated on Jun 07, 2024)
The Guangzhou R&F Properties Co., Ltd. stock price gained 1.06% on the last trading day (Friday, 7th Jun 2024), rising from HK$0.94 to HK$0.95. During the last trading day the stock fluctuated 3.19% from a day low at HK$0.94 to a day high of HK$0.97. The price has been going up and down for this period, and there has been a -5.94% loss for the last 2 weeks. Volume fell on the last day by -5 million shares and in total, 6 million shares were bought and sold for approximately HK$5.78 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.06% during the next 3 months and, with a 90% probability hold a price between HK$0.91 and HK$1.50 at the end of this 3-month period.
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2777.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 1.06%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Guangzhou R&F Properties 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$0.97 and HK$0.99. 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 Guangzhou R&F Properties Co., Ltd. stock
Guangzhou R&F Properties Co., Ltd. finds support from accumulated volume at HK$0.94 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0300 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 5.29%.
Guangzhou R&F Properties Co., Ltd. is oversold on RSI14 (23). 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 (2777.HK) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Guangzhou R&F Properties Co., Ltd. to open at HK$0.95, and during the day (based on 14 day Average True Range), to move between HK$0.88 and HK$1.02, which gives a possible trading interval of +/-HK$0.0713 (+/-7.50%) 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 15.01% 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$0.94 (1.05%) than the resistance at HK$0.97 (2.11%), 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?
The Guangzhou R&F Properties Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Guangzhou R&F Properties Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.135 Sell Candidate Unchanged
Predicted Opening Price for Guangzhou R&F Properties Co., Ltd. of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| HK$0.95 ( 0.351%) | HK$0.95 |
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 | |
|---|---|---|
| R3 | 0.98 | 3.51% |
| R2 | 0.97 | 2.30% |
| R1 | 0.96 | 1.56% |
| Price | 0.95 | |
| S1 | 0.94 | -0.86% |
| S2 | 0.93 | -1.60% |
| S3 | 0.92 | -2.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.18 | 24.21% |
| R2 | 1.16 | 22.11% |
| R1 | 0.97 | 2.11% |
| Price | 0.95 | |
| S1 | 0.94 | -1.05% |
| S2 | 0.83 | -12.63% |
| S3 | 0.790 | -16.84% |
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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