RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CHNR
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China Natural Resources stock price ended at $1.20 on Wednesday, after losing 3.23%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 20, 2024 PDF

The China Natural Resources stock price fell by -3.23% on the last day (Wednesday, 27th Mar 2024) from $1.24 to $1.20. During the last trading day the stock fluctuated 2.52% from a day low at $1.19 to a day high of $1.22. The price has fallen in 6 of the last 10 days and is down by -7.69% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 thousand shares and in total, 13 thousand shares were bought and sold for approximately $15.80 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.798 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.27% during the next 3 months and, with a 90% probability hold a price between $0.764 and $3.26 at the end of this 3-month period.

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CHNR Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Natural Resources 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 $1.22 and $1.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -65.42%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for China Natural Resources stock

China Natural Resources finds support from accumulated volume at $1.18 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 $0.0300 between high and low, or 2.52%. For the last week the stock has had daily average volatility of 5.31%.

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

Trading Expectations (CHNR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect China Natural Resources to open at $1.20, and during the day (based on 14 day Average True Range), to move between $1.00 and $1.40, which gives a possible trading interval of +/-$0.197 (+/-16.39%) up or down from last closing price. If China Natural Resources takes out the full calculated possible swing range there will be an estimated 32.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.18 (1.67%) than the resistance at $1.32 (10.00%), 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 Natural Resources stock A Buy?

China Natural Resources 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: -2.078 Sell Candidate Unchanged

Predicted Opening Price for China Natural Resources of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.20 ( 0.278%) $1.20

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

Trading levels for CHNR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.23 2.78 %
R2 1.22 1.82 %
R1 1.21 1.23 %
Current price: 1.20
Support S1 1.19 -0.677 %
S2 1.18 -1.27 %
S3 1.17 -2.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.38 15.00 %
R2 1.37 14.17 %
R1 1.32 10.00 %
Current price 1.20
Support S1 1.18 -1.67%
S2 1.15 -4.17%
S3 1.03 -14.07%

FAQ

What is the symbol for China Natural Resources Stock and on which exchange is it traded?
The symbol for China Natural Resources is CHNR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell China Natural Resources Stock?
China Natural Resources 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.

How to buy China Natural Resources Stock?
China Natural Resources Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy China Natural Resources Stock.

What's the current price of China Natural Resources Stock?
As of the end of day on the 2024-03-27, the price of an China Natural Resources (CHNR) share was $1.20.

What is the 52-week high and low for China Natural Resources Stock?
The 52-week high for China Natural Resources Stock is $8.85 and the 52-week low is $0.540.

What is the market capitalization of China Natural Resources Stock?
As of the 2024-03-27, the market capitalization of China Natural Resources is 12.184M.

When is the next earnings date for China Natural Resources?
The upcoming earnings date for China Natural Resources is May 20, 2024.
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About China Natural Resources

China Natural Resources, Inc., through its subsidiaries, engages in the exploration and mining of metal properties in the People's Republic of China. It explores for lead, silver, and other nonferrous metals. The company holds interest in the Moruogu Tong mine that covers an area of 7.81 square kilometers located in Bayannaoer City, Inner Mongolia. It also offers equipment for rural wastewater treatment; and engineering, procurement, and construc... CHNR Profile

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