Clifford Modern Living Holdings Limited Stock Forecast

Green day on Tuesday for Clifford Modern Living Holdings Limited stock after gaining 2.15%
(Updated on May 21, 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 13.10%. Further rise is indicated until a new top pivot has been found. 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. The Clifford Modern Living Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.521. On a fall, the stock will find some support from the short-term average at HK$0.454. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Clifford Modern Living Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.440 and HK$0.430. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Clifford Modern Living Holdings Limited finds support just below today's level at HK$0.440. If this is broken, then the next support from accumulated volume will be at HK$0.430 and HK$0.420.

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$0.0100 between high and low, or 2.15%. For the last week the stock has had daily average volatility of 1.56%.

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 22nd

For the upcoming trading day on Wednesday, 22nd we expect Clifford Modern Living Holdings Limited to open at HK$0.472, and during the day (based on 14 day Average True Range), to move between HK$0.460 and HK$0.490, which gives a possible trading interval of +/-HK$0.0154 (+/-3.25%) 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 6.49% 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$0.440 (7.37%) than the resistance at HK$0.510 (7.37%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.498 Sell Candidate Unchanged

Predicted Opening Price for Clifford Modern Living Holdings Limited of Wednesday, May 22, 2024

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