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AI Analysis of 3800.HK
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Green day on Thursday for GCL-Poly Energy Holdings Limited stock after gaining 0.787%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 06, 2024 Gain 17.43% PDF

The GCL-Poly Energy Holdings Limited stock price gained 0.787% on the last trading day (Thursday, 28th Mar 2024), rising from HK$1.27 to HK$1.28. During the last trading day the stock fluctuated 3.97% from a day low at HK$1.26 to a day high of HK$1.31. The price has risen in 5 of the last 10 days and is up by 0.79% over the past 2 weeks. Volume fell on the last day by -82 million shares and in total, 108 million shares were bought and sold for approximately HK$138.72 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 very wide and strong 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 20.22% during the next 3 months and, with a 90% probability hold a price between HK$1.27 and HK$1.78 at the end of this 3-month period.

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3800.HK Signals & Forecast

The GCL-Poly Energy 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$1.34. On a fall, the stock will find some support from the long-term average at approximately HK$1.16. 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. 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. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -11.72%. 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).

Support, Risk & Stop-loss for GCL-Poly Energy Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$1.11 and HK$1.09. 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, GCL-Poly Energy Holdings Limited finds support just below today's level at HK$1.11. If this is broken, then the next support from accumulated volume will be at HK$1.09 and HK$1.01.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0500 between high and low, or 3.97%. For the last week, the stock has had daily average volatility of 4.98%.

Our recommended stop-loss: HK$1.21 (-5.38%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (3800.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect GCL-Poly Energy Holdings Limited to open at HK$1.28, and during the day (based on 14 day Average True Range), to move between HK$1.21 and HK$1.35, which gives a possible trading interval of +/-HK$0.0740 (+/-5.78%) up or down from last closing price. If GCL-Poly Energy Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.56% 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$1.29 (0.78%) than the support at HK$1.11 (13.28%), 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.

Is GCL-Poly Energy Holdings Limited stock A Buy?

GCL-Poly Energy Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.174 Hold/Accumulate Unchanged

Predicted Opening Price for GCL-Poly Energy Holdings Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
HK$1.28 ( 0.260%) HK$1.28

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

Trading levels for 3800.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.33 4.17 %
R2 1.31 2.67 %
R1 1.30 1.75 %
Current price: 1.28
Support S1 1.26 -1.23 %
S2 1.25 -2.15 %
S3 1.23 -3.65 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.38 7.81 %
R2 1.32 3.13 %
R1 1.29 0.781 %
Current price 1.28
Support S1 1.11 -13.28%
S2 1.09 -14.84%
S3 1.01 -21.09%

3800 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 02, 2023 Jun 02, 2023 Jun 02, 2023 HK$0.0600 3.70%
2 Dec 09, 2015 Dec 22, 2015 Dec 31, 2015 HK$0.0855 7.37%
3 Mar 15, 2012 May 30, 2012 Jul 20, 2012 HK$0.0545 3.99%
4 Mar 17, 2011 May 09, 2011 Jul 26, 2011 HK$0.0506 1.12%
5 Mar 25, 2009 May 19, 2009 Jul 27, 2009 HK$0.0228 0.627%

FAQ

What is the symbol for GCL-Poly Energy Holdings Limited Stock and on which exchange is it traded?
The symbol for GCL-Poly Energy Holdings Limited is 3800.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell GCL-Poly Energy Holdings Limited Stock?
GCL-Poly Energy Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy GCL-Poly Energy Holdings Limited Stock?
GCL-Poly Energy Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy GCL-Poly Energy Holdings Limited Stock.

What's the current price of GCL-Poly Energy Holdings Limited Stock?
As of the end of day on the 2024-03-28, the price of an GCL-Poly Energy Holdings Limited (3800.HK) share was HK$1.28.

What is the 52-week high and low for GCL-Poly Energy Holdings Limited Stock?
The 52-week high for GCL-Poly Energy Holdings Limited Stock is HK$2.11 and the 52-week low is HK$0.89.

What is the market capitalization of GCL-Poly Energy Holdings Limited Stock?
As of the 2024-03-28, the market capitalization of GCL-Poly Energy Holdings Limited is 36.786B.

When is the next earnings date for GCL-Poly Energy Holdings Limited?
The upcoming earnings date for GCL-Poly Energy Holdings Limited is Mar 28, 2024.
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About GCL-Poly Energy Holdings Limited

GCL-Poly Energy Holdings Limited GCL Technology Holdings Limited manufactures and sells polysilicon and wafers products in the People's Republic of China and internationally. It operates through three segments: Solar Material Business, Solar Farm Business, and New Energy Business. The Solar Material Business segment primarily manufactures and sells polysilicon and wafer products to companies operating in the solar industry. The Solar Farm Business segment operates and manages 18... 3800.HK Profile

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