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China Ceramics Co. Stock Forecast NASDAQ:CCCL

$1.68 (-13.85%)

Volume: 418k

Closed: Dec 03, 2021

Hollow Logo Score: -6.875

China Ceramics Co. Stock Forecast

$1.68 (-13.85%)

Volume: 418k

Closed: Dec 03, 2021

Score Hollow Logo -6.875
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 6 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Big movements in China Ceramics Co. stock price on Friday moving 12.33% between high and low
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-22 Loss -37.55%

The China Ceramics Co. stock price fell by -13.85% on the last day (Friday, 3rd Dec 2021) from $1.95 to $1.68. and has now fallen 7 days in a row. During the day the stock fluctuated 12.33% from a day low at $1.60 to a day high of $1.80. The price has fallen in 8 of the last 10 days and is down by -38.46% for this period. Volume has increased on the last day by 245 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 418 thousand shares were bought and sold for approximately $701.72 thousand.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($2.35) are considered to be a "second chance" to get out. According to the fan-theory $1.71 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The China Ceramics Co. 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 $2.30 and $2.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 01, 2021, and so far it has fallen -46.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). China Ceramics Co. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.20 between high and low, or 12.33%. For the last week, the stock has had a daily average volatility of 13.37%.

China Ceramics Co. is oversold on RSI14 (6). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Is China Ceramics Co. stock A Buy?

China Ceramics Co. 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: -6.875

Predicted Opening Price for China Ceramics Co. of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$1.69 $1.68 (Undervalued)
Strong Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 13.37 %
Overall Risk: Very High High Medium Low Very Low
Volatility
13.37 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.95
Price: $1.68
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.89 12.48 %
1.81 8.00 %
1.77 5.23 %
Current price: 1.68
Support 1.62 -3.75 %
1.57 -6.52 %
1.50 -11.00 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
2.05 22.02 %
1.95 16.07 %
Current price 1.68
Support 0 .
0 .
0 .

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About China Ceramics Co.

China Ceramics Co., Ltd., through its subsidiaries, manufactures and sells ceramic tiles for exterior siding and interior flooring, and design in residential and commercial buildings in the People's Republic of China and internationally. It provides porcelain tiles, glazed tiles, glazed porcelain tiles, rustic tiles, and polished glazed tiles. The company sells its products under the Hengda, Hengdeli, Pottery Capital of Tang Dynasty, TOERTO, and ... Read more

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