Creative China Holdings Limited Stock Forecast

Volatile ride for Creative China Holdings Limited stock price on Monday moving between HK$0.88 and HK$0.98
(Updated on May 20, 2024)

8368.HK Signals & Forecast

Mostly positive signals in the chart today. The Creative China Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.90 and HK$0.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 18.99%. 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). Creative China Holdings 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.

Support, Risk & Stop-loss for Creative China Holdings Limited stock

Creative China Holdings Limited finds support from accumulated volume at HK$0.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.1000 between high and low, or 11.36%. For the last week the stock has had daily average volatility of 6.29%.

Our recommended stop-loss: HK$0.91 (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 75 days ago.)

Trading Expectations (8368.HK) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Creative China Holdings Limited to open at HK$0.93, and during the day (based on 14 day Average True Range), to move between HK$0.91 and HK$0.97, which gives a possible trading interval of +/-HK$0.0348 (+/-3.70%) up or down from last closing price. If Creative China Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.41% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.90, some HK$0.0400 (4.26%) from the current price of HK$0.94, our system finds the risk reward attractive.

Is Creative China Holdings Limited stock A Buy?

Creative China Holdings Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 8.669 Strong Buy Candidate Upgraded

Predicted Opening Price for Creative China Holdings Limited of Tuesday, May 21, 2024

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