Capital Environment Holdings Limited Stock Forecast

Red day on Friday for Capital Environment Holdings Limited stock after losing 0%
(Updated on May 24, 2024)

3989.HK Signals & Forecast

The Capital Environment 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$0.0903. On a fall, the stock will find some support from the long-term average at approximately HK$0.0876. 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. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Capital Environment Holdings Limited stock

Capital Environment Holdings Limited finds support from accumulated volume at HK$0.0870 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 4.39%

Our recommended stop-loss: HK$0.0827 (-6.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (3989.HK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Capital Environment Holdings Limited to open at HK$0.0880, and during the day (based on 14 day Average True Range), to move between HK$0.0827 and HK$0.0933, which gives a possible trading interval of +/-HK$0.0053 (+/-6.07%) up or down from last closing price. If Capital Environment Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.14% 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$0.0890 (1.14%) than the support at HK$0.0870 (1.14%), 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 Capital Environment Holdings Limited stock A Buy?

Capital Environment Holdings Limited 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.

Current score: -0.201 Hold/Accumulate Unchanged

Predicted Opening Price for Capital Environment Holdings Limited of Monday, May 27, 2024

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