RSI low/high Values: [ 25 - 70 ]
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AI Analysis of 6885.HK
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Henan Jinma Energy Company Limited stock price up 3.00% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Feb 28, 2024 Loss -6.36% PDF

The Henan Jinma Energy Company Limited stock price gained 3.00% on the last trading day (Thursday, 28th Mar 2024), rising from HK$1.00 to HK$1.03. During the last trading day the stock fluctuated 3.00% from a day low at HK$1.00 to a day high of HK$1.03. The price has been going up and down for this period, and there has been a 1.98% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 57 thousand more shares were traded than the day before. In total, 123 thousand shares were bought and sold for approximately HK$126.69 thousand.

The stock lies in the middle of a 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 -28.53% during the next 3 months and, with a 90% probability hold a price between HK$0.656 and HK$0.765 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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6885.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 5.10%. 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). Henan Jinma Energy Company Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Henan Jinma Energy Company Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$1.05. On a fall, the stock will find some support from the short-term average at HK$1.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Henan Jinma Energy Company Limited stock

Henan Jinma Energy Company Limited finds support from accumulated volume at HK$1.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0300 (3.00%) between high and low. For the last week, the stock has had daily average volatility of 5.49%.

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

Trading Expectations (6885.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Henan Jinma Energy Company Limited to open at HK$1.02, and during the day (based on 14 day Average True Range), to move between HK$0.97 and HK$1.09, which gives a possible trading interval of +/-HK$0.0554 (+/-5.38%) up or down from last closing price. If Henan Jinma Energy Company Limited takes out the full calculated possible swing range there will be an estimated 10.77% 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$1.01 (1.94%) than the resistance at HK$1.11 (7.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Henan Jinma Energy Company Limited stock A Buy?

Henan Jinma Energy Company Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.528 Sell Candidate Unchanged

Predicted Opening Price for Henan Jinma Energy Company Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
HK$1.02 ( 0.97%) HK$1.03

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

Trading levels for 6885.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.05 1.94 %
R2 1.04 0.83 %
R1 1.03 0.142 %
Current price: 1.03
Support S1 1.01 -2.08 %
S2 1.00 -2.77 %
S3 0.99 -3.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.20 16.50 %
R2 1.14 10.68 %
R1 1.11 7.77 %
Current price 1.03
Support S1 1.01 -1.94%
S2 1.00 -2.91%
S3 0.98 -4.85%

6885 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 07, 2023 Sep 07, 2023 Sep 07, 2023 HK$0.0544 2.94%
2 May 24, 2023 May 24, 2023 May 24, 2023 HK$0.0561 2.14%
3 Sep 06, 2022 Sep 06, 2022 Sep 06, 2022 HK$0.0581 1.91%
4 May 25, 2022 May 25, 2022 May 25, 2022 HK$0.232 6.33%
5 Oct 19, 2021 Oct 19, 2021 Oct 19, 2021 HK$0.121 2.73%

FAQ

What is the symbol for Henan Jinma Energy Company Limited Stock and on which exchange is it traded?
The symbol for Henan Jinma Energy Company Limited is 6885.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Henan Jinma Energy Company Limited Stock?
Henan Jinma Energy Company Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Henan Jinma Energy Company Limited Stock?
Henan Jinma Energy Company Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Henan Jinma Energy Company Limited Stock.

What's the current price of Henan Jinma Energy Company Limited Stock?
As of the end of day on the 2024-03-28, the price of an Henan Jinma Energy Company Limited (6885.HK) share was HK$1.03.

What is the 52-week high and low for Henan Jinma Energy Company Limited Stock?
The 52-week high for Henan Jinma Energy Company Limited Stock is HK$2.77 and the 52-week low is HK$0.97.

What is the market capitalization of Henan Jinma Energy Company Limited Stock?
As of the 2024-03-28, the market capitalization of Henan Jinma Energy Company Limited is 551.484M.
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