China International Capital Corp Ltd Stock Forecast
China International Capital Corp Ltd stock price ended at $29.61 on Friday, after losing 2.76%.
(Updated on Jun 28, 2024)
The China International Capital Corp Ltd stock price fell by -2.76% on the last day (Friday, 28th Jun 2024) from $30.45 to $29.61. During the last trading day the stock fluctuated 3.89% from a day low at $29.57 to a day high of $30.72. The price has fallen in 6 of the last 10 days and is down by -7.7% for this period. Volume has increased on the last day by 10 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 16 million shares were bought and sold for approximately $476.81 million.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $29.82 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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601995.SS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The China International Capital Corp Ltd 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 $30.98 and $32.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -8.86%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for China International Capital Corp Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.15 between high and low, or 3.89%. For the last week the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (601995.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect China International Capital Corporation Limited to open at $29.97, and during the day (based on 14 day Average True Range), to move between $28.93 and $30.29, which gives a possible trading interval of +/-$0.679 (+/-2.29%) up or down from last closing price. If China International Capital Corporation Limited takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $33.34, some $3.73 (12.60%) from the current price of $29.61, our system finds the risk reward not very attractive.
Is China International Capital Corporation Limited stock A Buy?
China International Capital Corp Ltd 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: -4.060 Sell Candidate Unchanged
Predicted Opening Price for China International Capital Corporation Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $29.97 ( 1.20%) | $29.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 601995.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.12 | 5.09% |
| R2 | 30.68 | 3.60% |
| R1 | 30.41 | 2.69% |
| Price | 29.61 | |
| S1 | 29.53 | -0.279% |
| S2 | 29.26 | -1.20% |
| S3 | 28.82 | -2.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.48 | 16.45% |
| R2 | 33.91 | 14.52% |
| R1 | 33.34 | 12.60% |
| Price | 29.61 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
601995 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 18, 2023 | Aug 18, 2023 | Aug 18, 2023 | $0.180 | 0.441% |
| 2 | Aug 19, 2022 | Aug 19, 2022 | Aug 19, 2022 | $0.300 | 0.706% |
| 3 | Jul 15, 2021 | Jul 15, 2021 | Jul 15, 2021 | $0.180 | 0.316% |
FAQ
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