China Vanguard You Champion Holdings Ltd Stock Forecast

Weaker technical forecast for China Vanguard You Champion Holdings Ltd as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)

8156.HK Signals & Forecast

There are mixed signals in the stock today. The China Vanguard You Champion Holdings 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$0.110 and HK$0.110. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has fallen 0%. 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).

Support, Risk & Stop-loss for China Vanguard You Champion Holdings Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0910 and HK$0.0900. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$0.0900 may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.211%

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

Trading Expectations (8156.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect China Vanguard You Champion Holdings Limited to open at HK$0.0960, and during the day (based on 14 day Average True Range), to move between HK$0.0925 and HK$0.0995, which gives a possible trading interval of +/-HK$0.0035 (+/-3.64%) up or down from last closing price. If China Vanguard You Champion Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.29% 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$0.100 (4.17%) than the support at HK$0.0910 (5.21%), 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 Vanguard You Champion Holdings Limited stock A Buy?

China Vanguard You Champion Holdings Ltd 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. 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: -3.427 Sell Candidate Downgraded

Predicted Opening Price for China Vanguard You Champion Holdings Limited of Monday, May 20, 2024

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