Country Garden Services Holdings Co Ltd Stock Forecast
Country Garden Services Holdings Co Ltd stock price ended at HK$5.01 on Thursday, after losing 4.93%.
(Updated on Mar 28, 2024)
The Country Garden Services Holdings Co Ltd stock price fell by -4.93% on the last day (Thursday, 28th Mar 2024) from HK$5.27 to HK$5.01. During the last trading day the stock fluctuated 8.25% from a day low at HK$4.85 to a day high of HK$5.25. The price has fallen in 6 of the last 10 days and is down by -14.07% for this period. Volume has increased on the last day by 11 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, 55 million shares were bought and sold for approximately HK$273.57 million.
The stock lies in the middle of a very 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 -5.46% during the next 3 months and, with a 90% probability hold a price between HK$4.26 and HK$5.87 at the end of this 3-month period.
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6098.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Country Garden Services Holdings Co 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 HK$5.40 and HK$5.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -20.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Country Garden Services Holdings Co Ltd stock
Country Garden Services Holdings Co Ltd finds support from accumulated volume at HK$4.78 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$0.400 between high and low, or 8.25%. For the last week, the stock has had daily average volatility of 5.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6098.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Country Garden Services Holdings Company Limited to open at HK$5.04, and during the day (based on 14 day Average True Range), to move between HK$4.73 and HK$5.29, which gives a possible trading interval of +/-HK$0.283 (+/-5.66%) up or down from last closing price. If Country Garden Services Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 11.32% 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$4.78 (4.59%) than the resistance at HK$5.47 (9.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Country Garden Services Holdings Company Limited stock A Buy?
Country Garden Services Holdings Co Ltd holds several negative signals and is within a very 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: -4.308 Sell Candidate Unchanged
Predicted Opening Price for Country Garden Services Holdings Company Limited of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
HK$5.04 ( 0.532%) | HK$5.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6098.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.44 | 8.52 % | |
R2 | 5.28 | 5.47 % | ||
R1 | 5.19 | 3.58 % | ||
Current price: | 5.01 | |||
Support | S1 | 4.88 | -2.52 % | |
S2 | 4.79 | -4.40 % | ||
S3 | 4.64 | -7.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.61 | 11.98 % | |
R2 | 5.56 | 10.98 % | ||
R1 | 5.47 | 9.18 % | ||
Current price | 5.01 | |||
Support | S1 | 4.78 | -4.59% | |
S2 | 0 | . | ||
S3 | 0 | . |
6098 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | HK$0.252 | 2.65% |
2 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | HK$0.352 | 1.17% |
3 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | HK$0.266 | 0.327% |
4 | Mar 18, 2020 | Jun 19, 2020 | Aug 06, 2020 | HK$0.166 | 0.332% |
5 | Mar 19, 2019 | May 23, 2019 | Jul 19, 2019 | HK$0.0966 | 0.511% |
FAQ
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