China Regenerative Medicine Stock Forecast

Green day on Friday for China Regenerative Medicine
(Updated on Jun 28, 2024)

8158.HK Signals & Forecast

There are mixed signals in the stock today. The China Regenerative Medicine 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$0.166 and HK$0.197. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 12.24%. 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). China Regenerative Medicine 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for China Regenerative Medicine stock

China Regenerative Medicine finds support from accumulated volume at HK$0.164 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". 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 0.122%.

Our recommended stop-loss: HK$0.156 (-5.22%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (8158.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect China Regenerative Medicine International Limited to open at HK$0.165, and during the day (based on 14 day Average True Range), to move between HK$0.155 and HK$0.175, which gives a possible trading interval of +/-HK$0.0103 (+/-6.27%) up or down from last closing price. If China Regenerative Medicine International Limited takes out the full calculated possible swing range there will be an estimated 12.54% 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$0.164 (0.61%) than the resistance at HK$0.180 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is China Regenerative Medicine International Limited stock A Buy?

China Regenerative Medicine holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for China Regenerative Medicine International Limited of Tuesday, July 2, 2024

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