Capital Environment Holdings Limited Stock Forecast
Green day on Friday for Capital Environment Holdings Limited
(Updated on Jun 14, 2024)
The Capital Environment Holdings Limited stock price gained 1.16% on the last trading day (Friday, 14th Jun 2024), rising from HK$0.0860 to HK$0.0870. During the last trading day the stock fluctuated 3.53% from a day low at HK$0.0850 to a day high of HK$0.0880. The price has risen in 5 of the last 10 days but is still down by -4.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 696 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately HK$141.64 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.46% during the next 3 months and, with a 90% probability hold a price between HK$0.0766 and HK$0.0948 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3989.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 2.35%. Further rise is indicated until a new top pivot has been found. Capital Environment 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Capital Environment Holdings 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$0.0874 and HK$0.0889. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Capital Environment Holdings Limited stock
Capital Environment Holdings Limited finds support from accumulated volume at HK$0.0850 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$0.0030 between high and low, or 3.53%. For the last week, the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3989.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Capital Environment Holdings Limited to open at HK$0.0867, and during the day (based on 14 day Average True Range), to move between HK$0.0826 and HK$0.0914, which gives a possible trading interval of +/-HK$0.0044 (+/-5.08%) 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 10.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.0850 (2.30%) than the resistance at HK$0.0910 (4.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Capital Environment Holdings Limited stock A Buy?
Capital Environment Holdings Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.105 Sell Candidate Unchanged
Predicted Opening Price for Capital Environment Holdings Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.0867 ( 0.383%) | HK$0.0870 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3989.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0897 | 3.07% |
| R2 | 0.0885 | 1.75% |
| R1 | 0.0878 | 0.93% |
| Price | 0.0870 | |
| S1 | 0.0855 | -1.70% |
| S2 | 0.0848 | -2.51% |
| S3 | 0.0837 | -3.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0930 | 6.90% |
| R2 | 0.0920 | 5.75% |
| R1 | 0.0910 | 4.60% |
| Price | 0.0870 | |
| S1 | 0.0850 | -2.30% |
| S2 | 0.0840 | -3.45% |
| S3 | 0.0830 | -4.60% |
3989 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | HK$0.0100 | 7.69% |
| 2 | Sep 19, 2008 | Oct 20, 2008 | Nov 06, 2008 | HK$0.0194 | 8.33% |
| 3 | Apr 15, 2008 | May 20, 2008 | Jun 23, 2008 | HK$0.0452 | 2.74% |
| 4 | Sep 13, 2007 | Oct 12, 2007 | Nov 01, 2007 | HK$0.0194 | 0.722% |
| 5 | Mar 29, 2007 | May 02, 2007 | May 21, 2007 | HK$0.0452 | 2.02% |
FAQ
Click here for our free guide on how to buy Capital Environment Holdings Limited Stock.
