C*Core Technology Co., Ltd. Stock Forecast
C*Core Technology Co., Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The C*Core Technology Co., Ltd. stock price gained 0.220% on the last trading day (Friday, 28th Jun 2024), rising from $18.17 to $18.21. During the last trading day the stock fluctuated 5.12% from a day low at $17.96 to a day high of $18.88. The price has fallen in 6 of the last 10 days and is down by -12.07% for this period. Volume fell on the last day by -496 thousand shares and in total, 6 million shares were bought and sold for approximately $104.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect C*Core Technology Co., Ltd. stock with a 90% probability to be traded between $16.94 and $23.09 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
688262.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.220%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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 C*Core Technology 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 $19.33 and $19.80. 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 C*Core Technology Co., Ltd. stock
C*Core Technology Co., Ltd. finds support from accumulated volume at $18.17 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 $0.92 between high and low, or 5.12%. For the last week, the stock has had daily average volatility of 6.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (688262.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect C*Core Technology Co., Ltd. to open at $18.35, and during the day (based on 14 day Average True Range), to move between $17.13 and $19.29, which gives a possible trading interval of +/-$1.08 (+/-5.95%) up or down from last closing price. If C*Core Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.17 (0.22%) than the resistance at $20.00 (9.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is C*Core Technology Co., Ltd. stock A Buy?
C*Core Technology 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.148 Sell Candidate Downgraded
Predicted Opening Price for C*Core Technology Co., Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$18.35 ( 0.769%) | $18.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688262.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.27 | 5.82% |
R2 | 18.92 | 3.89% |
R1 | 18.70 | 2.70% |
Price | 18.21 | |
S1 | 18.00 | -1.16% |
S2 | 17.78 | -2.35% |
S3 | 17.43 | -4.28% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.07 | 21.20% |
R2 | 20.97 | 15.16% |
R1 | 20.00 | 9.83% |
Price | 18.21 | |
S1 | 18.17 | -0.220% |
S2 | 17.93 | -1.54% |
S3 | 16.88 | -7.30% |
688262 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.252 | 0.640% |
2 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | $0.250 | 0.753% |
FAQ
Click here for our free guide on how to buy C*Core Technology Co., Ltd. Stock.