CROSSTEC Group Holdings Limited Stock Forecast

Big movements in CROSSTEC Group Holdings Limited stock price on Monday moving 20.31% between high and low
(Updated on May 13, 2024)

3893.HK Signals & Forecast

Mostly positive signals in the chart today. The CROSSTEC Group Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.709 and HK$0.490. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 167.86%. 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). CROSSTEC Group Holdings Limited 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. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for CROSSTEC Group Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.700 and HK$0.690. 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, CROSSTEC Group Holdings Limited finds support just below today's level at HK$0.700. If this is broken, then the next support from accumulated volume will be at HK$0.690 and HK$0.650.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.130 between high and low, or 20.31%. For the last week, the stock has had daily average volatility of 12.30%.

Our recommended stop-loss: HK$0.724 (-3.48%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 41 days ago.)

Trading Expectations (3893.HK) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect CROSSTEC Group Holdings Limited to open at HK$0.720, and during the day (based on 14 day Average True Range), to move between HK$0.689 and HK$0.81, which gives a possible trading interval of +/-HK$0.0605 (+/-8.07%) up or down from last closing price. If CROSSTEC Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 16.14% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.700, some HK$0.0500 (6.67%) from the current price of HK$0.750, our system finds the risk reward attractive.

Is CROSSTEC Group Holdings Limited stock A Buy?

CROSSTEC Group Holdings Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.418 Strong Buy Candidate Upgraded

Predicted Opening Price for CROSSTEC Group Holdings Limited of Tuesday, May 14, 2024

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