China Demeter Financial Investments Ltd Stock Forecast

China Demeter Financial Investments Ltd stock price down 2.04% on Thursday
(Updated on Jun 27, 2024)

8120.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 2.13%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Demeter Financial Investments 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 HK$0.0533 and HK$0.0539. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for China Demeter Financial Investments Ltd stock

China Demeter Financial Investments Ltd finds support from accumulated volume at HK$0.0470 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0020 between high and low, or 4.35%. For the last week the stock has had daily average volatility of 13.35%.

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

Trading Expectations (8120.HK) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect China Demeter Financial Investments Limited to open at HK$0.0473, and during the day (based on 14 day Average True Range), to move between HK$0.0423 and HK$0.0537, which gives a possible trading interval of +/-HK$0.0057 (+/-11.89%) up or down from last closing price. If China Demeter Financial Investments Limited takes out the full calculated possible swing range there will be an estimated 23.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.0490 (2.08%) than the support at HK$0.0470 (2.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is China Demeter Financial Investments Limited stock A Buy?

China Demeter Financial Investments 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.

Current score: -4.783 Sell Candidate Unchanged

Predicted Opening Price for China Demeter Financial Investments Limited of Friday, June 28, 2024

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