China Aoyuan Group Limited Stock Forecast

China Aoyuan Group Limited stock price fell more than -6.74% Thursday closing at HK$0.166
(Updated on Jun 20, 2024)

3883.HK Signals & Forecast

There are few to no technical positive signals at the moment. The China Aoyuan Group 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$0.174 and HK$0.184. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -37.36%. 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). 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 China Aoyuan Group Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.141 and HK$0.138. 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, China Aoyuan Group Limited finds support just below today's level at HK$0.141. If this is broken, then the next support from accumulated volume will be at HK$0.138 and HK$0.131.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0120 between high and low, or 7.36%. For the last week the stock has had daily average volatility of 6.66%.

Our recommended stop-loss: HK$0.156 (-6.12%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (3883.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect China Aoyuan Group Limited to open at HK$0.168, and during the day (based on 14 day Average True Range), to move between HK$0.149 and HK$0.183, which gives a possible trading interval of +/-HK$0.0165 (+/-9.97%) up or down from last closing price. If China Aoyuan Group Limited takes out the full calculated possible swing range there will be an estimated 19.94% 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$0.173 (4.22%) than the support at HK$0.141 (15.06%), 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 Aoyuan Group Limited stock A Buy?

China Aoyuan Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.877 Hold/Accumulate Upgraded

Predicted Opening Price for China Aoyuan Group Limited of Friday, June 21, 2024

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