Kunming Dianchi Water Treatment Co., Stock Forecast
Kunming Dianchi Water Treatment Co., stock downgraded to Sell Candidate
(Updated on Jun 20, 2024)
No changes to the price of Kunming Dianchi Water Treatment Co., stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.700 to a day high of HK$0.700. The price has been going up and down for this period, and there has been a -5.41% loss for the last 2 weeks.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.683 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.45% during the next 3 months and, with a 90% probability hold a price between HK$0.795 and HK$0.94 at the end of this 3-month period.
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3768.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has fallen 0%. 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 Kunming Dianchi Water Treatment Co., stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.711 and HK$0.709. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Kunming Dianchi Water Treatment Co., stock
Kunming Dianchi Water Treatment Co., finds support from accumulated volume at HK$0.690 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.16%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3768.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Kunming Dianchi Water Treatment Co., Ltd. to open at HK$0.700, and during the day (based on 14 day Average True Range), to move between HK$0.673 and HK$0.727, which gives a possible trading interval of +/-HK$0.0273 (+/-3.90%) up or down from last closing price. If Kunming Dianchi Water Treatment Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.710 (1.43%) than the support at HK$0.690 (1.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Kunming Dianchi Water Treatment Co., Ltd. will release earnings BMO on Friday, June 28, 2024. We will update the financials statements for Kunming Dianchi Water Treatment Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.11% in the first trading day after earnings release.
Is Kunming Dianchi Water Treatment Co., Ltd. stock A Buy?
Kunming Dianchi Water Treatment Co., 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. 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: -1.929 Sell Candidate Downgraded
Predicted Opening Price for Kunming Dianchi Water Treatment Co., Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.700 ( 0.00000000%) | HK$0.700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3768.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.700 | 0.00000000% |
| R2 | 0.700 | 0.00000000% |
| R1 | 0.700 | 0.00000000% |
| Price | 0.700 | |
| S1 | 0.700 | 0.00000000% |
| S2 | 0.700 | 0.00000000% |
| S3 | 0.700 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.730 | 4.29% |
| R2 | 0.720 | 2.86% |
| R1 | 0.710 | 1.43% |
| Price | 0.700 | |
| S1 | 0.690 | -1.43% |
| S2 | 0.650 | -7.14% |
| S3 | 0.620 | -11.43% |
3768 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | HK$0.117 | 7.02% |
| 2 | Nov 16, 2021 | Nov 16, 2021 | Nov 16, 2021 | HK$0.0609 | 3.27% |
| 3 | Jun 22, 2021 | Jun 22, 2021 | Jun 22, 2021 | HK$0.145 | 7.34% |
| 4 | Nov 10, 2020 | Nov 10, 2020 | Nov 10, 2020 | HK$0.0625 | 3.26% |
| 5 | Mar 27, 2020 | Jun 23, 2020 | Aug 06, 2020 | HK$0.137 | 8.00% |
FAQ
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