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AI Analysis of 3836.HK
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China Harmony New Energy Auto Holding stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)

Hold candidate since Apr 26, 2024 PDF

The China Harmony New Energy Auto Holding stock price gained 4.00% on the last trading day (Friday, 26th Apr 2024), rising from HK$0.500 to HK$0.520. During the last trading day the stock fluctuated 9.80% from a day low at HK$0.510 to a day high of HK$0.560. The price has been going up and down for this period, and there has been a 1.96% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 117 thousand shares were bought and sold for approximately HK$60.58 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.496 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.16% during the next 3 months and, with a 90% probability hold a price between HK$0.476 and HK$0.615 at the end of this 3-month period.

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3836.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.00%. 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). China Harmony New Energy Auto Holding has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Harmony New Energy Auto Holding 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$0.558. On a fall, the stock will find some support from the short-term average at HK$0.513. 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.

Support, Risk & Stop-loss for China Harmony New Energy Auto Holding stock

China Harmony New Energy Auto Holding finds support from accumulated volume at HK$0.510 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0500 between high and low, or 9.80%. For the last week, the stock has had daily average volatility of 5.33%.

Our recommended stop-loss: HK$0.493 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (3836.HK) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect China Harmony New Energy Auto Holding Limited to open at HK$0.530, and during the day (based on 14 day Average True Range), to move between HK$0.485 and HK$0.555, which gives a possible trading interval of +/-HK$0.0347 (+/-6.67%) up or down from last closing price. If China Harmony New Energy Auto Holding Limited takes out the full calculated possible swing range there will be an estimated 13.34% 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$0.530 (1.92%) than the support at HK$0.510 (1.92%), 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 China Harmony New Energy Auto Holding Limited stock A Buy?

China Harmony New Energy Auto Holding holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.247 Hold/Accumulate Upgraded

Predicted Opening Price for China Harmony New Energy Auto Holding Limited of Monday, April 29, 2024

Fair opening price April 29, 2024 Current price
HK$0.530 ( 1.92%) HK$0.520

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

Trading levels for 3836.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.580 11.54 %
R2 0.561 7.87 %
R1 0.549 5.60 %
Current price: 0.520
Support S1 0.511 -1.75 %
S2 0.499 -4.02 %
S3 0.480 -7.69 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.610 17.31 %
R2 0.600 15.38 %
R1 0.530 1.92 %
Current price 0.520
Support S1 0.510 -1.92%
S2 0.500 -3.85%
S3 0 .

3836 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 16, 2023 Jun 16, 2023 Jun 16, 2023 HK$0.0660 7.17%
2 Jun 22, 2022 Jun 22, 2022 Jun 22, 2022 HK$0.210 6.84%
3 Jun 17, 2021 Jun 17, 2021 Jun 17, 2021 HK$0.0790 2.35%
4 Mar 27, 2020 Jun 18, 2020 Aug 13, 2020 HK$0.0750 2.14%
5 Mar 31, 2019 Jun 17, 2019 Aug 13, 2019 HK$0.120 5.71%

FAQ

What is the symbol for China Harmony New Energy Auto Holding Limited Stock and on which exchange is it traded?
The symbol for China Harmony New Energy Auto Holding Limited is 3836.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell China Harmony New Energy Auto Holding Limited Stock?
China Harmony New Energy Auto Holding holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy China Harmony New Energy Auto Holding Limited Stock?
China Harmony New Energy Auto Holding 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 China Harmony New Energy Auto Holding Limited Stock.

What's the current price of China Harmony New Energy Auto Holding Limited Stock?
As of the end of day on the Apr 26, 2024, the price of an China Harmony New Energy Auto Holding Limited (3836.HK) share was HK$0.520.

What is the 52-week high and low for China Harmony New Energy Auto Holding Limited Stock?
The 52-week high for China Harmony New Energy Auto Holding Limited Stock is HK$0.98 and the 52-week low is HK$0.480.

What is the market capitalization of China Harmony New Energy Auto Holding Limited Stock?
As of the Apr 26, 2024, the market capitalization of China Harmony New Energy Auto Holding Limited is 789.043M.
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About China Harmony New Energy Auto Holding Limited

China Harmony New Energy Auto Holding Limited China Harmony Auto Holding Limited, an investment holding company, engages in the sale and service of motor vehicles in Mainland China. The company sells luxury and ultra-luxury passenger vehicles under the BMW, Lexus, Volvo, Audi, MINI, Jaguar, Land Rover, Lincoln, Alfa Romeo, Bentley, Rolls Royce, Ferrari, Lamborghini, and Maserati brands through its 76 dealership outlets. It also offers finance leasing and insurance agency services; and sells ... 3836.HK Profile

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