China Glass Holdings Limited Stock Forecast

China Glass Holdings Limited stock price ended at HK$0.82 on Wednesday, after losing 1.20%.
(Updated on Apr 24, 2024)

3300.HK Signals & Forecast

The China Glass Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.83. On a fall, the stock will find some support from the long-term average at approximately HK$0.749. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, April 10, 2024, and so far it has fallen -11.83%. Further fall is indicated until a new bottom pivot has been found. 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 Glass Holdings Limited stock

China Glass Holdings Limited finds support from accumulated volume at HK$0.81 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0300 between high and low, or 3.70%. For the last week the stock has had daily average volatility of 4.41%.

Our recommended stop-loss: HK$0.770 (-6.06%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (3300.HK) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect China Glass Holdings Limited to open at HK$0.82, and during the day (based on 14 day Average True Range), to move between HK$0.771 and HK$0.87, which gives a possible trading interval of +/-HK$0.0492 (+/-6.01%) up or down from last closing price. If China Glass Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.01% 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$0.81 (1.22%) than the resistance at HK$0.83 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is China Glass Holdings Limited 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 China Glass Holdings Limited stock to perform well in the short-term.

Current score: 2.751 Buy Candidate Unchanged

Predicted Opening Price for China Glass Holdings Limited of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.