Clifford Modern Living Holdings Limited Stock Forecast

Clifford Modern Living Holdings Limited stock downgraded to Sell Candidate
(Updated on Jul 02, 2024)

3686.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.38%. 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 Clifford Modern Living Holdings Limited 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$0.446 and HK$0.458. 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 Clifford Modern Living Holdings Limited stock

Clifford Modern Living Holdings Limited finds support from accumulated volume at HK$0.425 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$0.0200 between high and low, or 4.65%. For the last week the stock has had daily average volatility of 1.15%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (3686.HK) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Clifford Modern Living Holdings Limited to open at HK$0.437, and during the day (based on 14 day Average True Range), to move between HK$0.418 and HK$0.442, which gives a possible trading interval of +/-HK$0.0123 (+/-2.87%) up or down from last closing price. If Clifford Modern Living Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.73% 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$0.425 (1.16%) than the resistance at HK$0.440 (2.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Clifford Modern Living Holdings Limited stock A Buy?

Clifford Modern Living Holdings Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.576 Sell Candidate Downgraded

Predicted Opening Price for Clifford Modern Living Holdings Limited of Wednesday, July 3, 2024

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