Champion Real Estate Investment Trust Stock Forecast
Green day on Friday for Champion Real Estate Investment Trust
(Updated on May 17, 2024)
The Champion Real Estate Investment Trust stock price gained 1.12% on the last trading day (Friday, 17th May 2024), rising from HK$1.78 to HK$1.80. During the last trading day the stock fluctuated 2.86% from a day low at HK$1.75 to a day high of HK$1.80. The price has risen in 7 of the last 10 days and is up by 1.69% over the past 2 weeks. Volume fell on the last day by -373 thousand shares and in total, 3 million shares were bought and sold for approximately HK$5.29 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 wide and weak 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 8.60% during the next 3 months and, with a 90% probability hold a price between HK$1.76 and HK$2.08 at the end of this 3-month period.
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2778.HK Signals & Forecast
The Champion Real Estate Investment Trust 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$1.77 and HK$1.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 20.00%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Champion Real Estate Investment Trust stock
Champion Real Estate Investment Trust finds support from accumulated volume at HK$1.77 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$0.0500 between high and low, or 2.86%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: HK$1.74 (-3.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (2778.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Champion Real Estate Investment Trust to open at HK$1.78, and during the day (based on 14 day Average True Range), to move between HK$1.74 and HK$1.86, which gives a possible trading interval of +/-HK$0.0638 (+/-3.55%) up or down from last closing price. If Champion Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 7.09% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$1.77, some HK$0.0300 (1.67%) from the current price of HK$1.80, our system finds the risk reward attractive.
Is Champion Real Estate Investment Trust stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Champion Real Estate Investment Trust stock to perform well in the short-term.
Current score: 4.670 Buy Candidate Unchanged
Predicted Opening Price for Champion Real Estate Investment Trust of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$1.78 ( 0.93%) | HK$1.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2778.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.83 | 1.85 % | |
| R2 | 1.81 | 0.791 % | ||
| R1 | 1.80 | 0.135 % | ||
| Current price: | 1.80 | |||
| Support | S1 | 1.76 | -1.99 % | |
| S2 | 1.75 | -2.64 % | ||
| S3 | 1.73 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.80 | |||
| Support | S1 | 1.77 | -1.67% | |
| S2 | 1.59 | -11.67% | ||
| S3 | 1.57 | -12.78% |
2778 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 24, 2024 | HK$0.0756 | 4.20% |
| 2 | May 17, 2023 | May 17, 2023 | May 17, 2023 | HK$0.0893 | 3.02% |
| 3 | Sep 16, 2022 | Sep 16, 2022 | Sep 16, 2022 | HK$0.106 | 3.47% |
| 4 | May 12, 2022 | May 12, 2022 | May 12, 2022 | HK$0.108 | 3.29% |
| 5 | Sep 10, 2021 | Sep 10, 2021 | Sep 10, 2021 | HK$0.120 | 2.83% |
FAQ
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