Capital Environment Holdings Limited Stock Forecast
Green day on Thursday for Capital Environment Holdings Limited stock after gaining 3.57%
(Updated on Jun 20, 2024)
The Capital Environment Holdings Limited stock price gained 3.57% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.0840 to HK$0.0870. During the last trading day the stock fluctuated 4.82% from a day low at HK$0.0830 to a day high of HK$0.0870. The price has risen in 6 of the last 10 days but is still down by -1.14% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$296.50 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Capital Environment Holdings Limited stock with a 90% probability to be traded between HK$0.0799 and HK$0.0979 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3989.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 4.82%. 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 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$0.0889. On a fall, the stock will find some support from the short-term average at HK$0.0854. 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. 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$0.0040 between high and low, or 4.82%. For the last week, the stock has had daily average volatility of 3.11%.
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 Friday 21st
For the upcoming trading day on Friday, 21st we expect Capital Environment Holdings Limited to open at HK$0.0857, and during the day (based on 14 day Average True Range), to move between HK$0.0829 and HK$0.0911, which gives a possible trading interval of +/-HK$0.0041 (+/-4.68%) 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 9.36% 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.074 Sell Candidate Unchanged
Predicted Opening Price for Capital Environment Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.0857 ( 1.53%) | 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 | 0.0881 | 1.31% |
| R1 | 0.0872 | 0.224% |
| Price | 0.0870 | |
| S1 | 0.0841 | -3.29% |
| S2 | 0.0832 | -4.37% |
| S3 | 0.0817 | -6.13% |
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
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