Star Cm Holdings Limited Stock Forecast

Red day on Friday for Star Cm Holdings Limited
(Updated on Jun 28, 2024)

6698.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.23%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Star Cm Holdings Limited 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$4.26 and HK$4.55. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Star Cm Holdings Limited stock

Star Cm Holdings Limited finds support from accumulated volume at HK$4.08 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$0.130 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 6.41%.

Star Cm Holdings Limited is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (6698.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Star Cm Holdings Limited to open at HK$4.16, and during the day (based on 14 day Average True Range), to move between HK$3.78 and HK$4.48, which gives a possible trading interval of +/-HK$0.349 (+/-8.46%) up or down from last closing price. If Star Cm Holdings Limited takes out the full calculated possible swing range there will be an estimated 16.91% 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$4.08 (1.21%) than the resistance at HK$4.54 (9.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Star Cm Holdings Limited stock A Buy?

Star Cm Holdings Limited 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: -2.558 Sell Candidate Unchanged

Predicted Opening Price for Star Cm Holdings Limited of Tuesday, July 2, 2024

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