Chifeng Gold Stock Forecast

Sell candidate since May 14, 2026 Loss -32.42%

The Chifeng Gold stock price fell by -0.221% on the last day (Tuesday, 9th Jun 2026) from HK$27.12 to HK$27.06. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.14% from a day low at HK$26.72 to a day high of HK$27.56. The price has fallen in 9 of the last 10 days and is down by -22.42% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 4 million shares were bought and sold for approximately HK$108.29 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 -20.18% during the next 3 months and, with a 90% probability hold a price between HK$17.96 and HK$33.51 at the end of this 3-month period.

6693.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Chifeng Gold 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$29.36 and HK$36.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 08, 2026, and so far it has fallen -40.79%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Chifeng Gold 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.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.84 between high and low, or 3.14%. For the last week, the stock has had daily average volatility of 3.62%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (6693.HK) For The Upcoming Trading Day Of Wednesday 10th

For the upcoming trading day on Wednesday, 10th we expect Chifeng Gold to open at HK$27.11, and during the day (based on 14 day Average True Range), to move between HK$26.08 and HK$28.04, which gives a possible trading interval of +/-HK$1.95 (+/-7.48%) up or down from last closing price. If Chifeng Gold takes out the full calculated possible swing range there will be an estimated 7.48% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$30.66, some HK$3.60 (13.30%) from the current price of HK$27.06, our system finds the risk reward not very attractive.

Is Chifeng Gold stock A Buy?

Chifeng Gold 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: -6.387 Strong Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 10, 2026 - HK$27.11 ( 0.197%).

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