China Tianrui Automotive Interiors Co., Stock Forecast

Stronger technical forecast for China Tianrui Automotive Interiors Co., stock price after Friday trading.
(Updated on May 31, 2024)

6162.HK Signals & Forecast

The China Tianrui Automotive Interiors Co., stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.0886 and HK$0.0885. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 8.43%. Further rise is indicated until a new top pivot has been found. 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. 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. The stock had a Golden Star Signal on Monday, May 27, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for China Tianrui Automotive Interiors Co., stock

China Tianrui Automotive Interiors Co., finds support from accumulated volume at HK$0.0890 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 1.65%

Our recommended stop-loss: HK$0.0864 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (6162.HK) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect China Tianrui Automotive Interiors Co., Ltd. to open at HK$0.0900, and during the day (based on 14 day Average True Range), to move between HK$0.0860 and HK$0.0940, which gives a possible trading interval of +/-HK$0.0040 (+/-4.42%) up or down from last closing price. If China Tianrui Automotive Interiors Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.84% 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$0.0890 (1.11%) than the resistance at HK$0.0930 (3.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is China Tianrui Automotive Interiors Co., Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for China Tianrui Automotive Interiors Co., stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.944 Buy Candidate Upgraded

Predicted Opening Price for China Tianrui Automotive Interiors Co., Ltd. of Monday, June 3, 2024

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