CK Hutchison Holdings Limited Stock Forecast
Stronger technical forecast for CK Hutchison Holdings Limited stock price after Thursday trading.
(Updated on Apr 25, 2024)
The CK Hutchison Holdings Limited stock price gained 0.0021% on the last trading day (Thursday, 25th Apr 2024), rising from $4.78 to $4.78. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.26% from a day low at $4.76 to a day high of $4.82. The price has risen in 6 of the last 10 days and is up by 0.21% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $18.04 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.13% during the next 3 months and, with a 90% probability hold a price between $3.87 and $4.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CKHUY Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.94%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CK Hutchison Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.88. On a fall, the stock will find some support from the short-term average at $4.63. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for CK Hutchison Holdings Limited stock
CK Hutchison Holdings Limited finds support from accumulated volume at $4.78 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0600 between high and low, or 1.26%. For the last week, the stock has had daily average volatility of 1.42%.
Since the CK Hutchison Holdings Limited has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $4.58 (-4.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CKHUY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect CK Hutchison Holdings Limited to open at $4.79, and during the day (based on 14 day Average True Range), to move between $4.67 and $4.89, which gives a possible trading interval of +/-$0.105 (+/-2.21%) up or down from last closing price. If CK Hutchison Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.78 (0.00%) than the resistance at $4.79 (0.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CK Hutchison Holdings Limited stock A Buy?
CK Hutchison Holdings Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.305 Hold/Accumulate Upgraded
Predicted Opening Price for CK Hutchison Holdings Limited of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$4.79 ( 0.138%) | $4.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CKHUY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.85 | 1.39 % | |
R2 | 4.82 | 0.91 % | ||
R1 | 4.81 | 0.618 % | ||
Current price: | 4.78 | |||
Support | S1 | 4.76 | -0.341 % | |
S2 | 4.75 | -0.638 % | ||
S3 | 4.73 | -1.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.12 | 7.11 % | |
R2 | 4.83 | 1.04 % | ||
R1 | 4.79 | 0.207 % | ||
Current price | 4.78 | |||
Support | S1 | 4.78 | -0.0021% | |
S2 | 4.64 | -2.93% | ||
S3 | 4.51 | -5.65% |
CKHUY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 27, 2024 | May 28, 2024 | Jun 28, 2024 | $0.182 | 3.80% |
2 | Aug 04, 2023 | Sep 01, 2023 | Sep 28, 2023 | $0.0775 | 1.49% |
3 | May 23, 2023 | May 23, 2023 | Jun 23, 2023 | $0.266 | 4.37% |
4 | Sep 01, 2022 | Sep 02, 2022 | Sep 30, 2022 | $0.107 | 1.95% |
5 | May 20, 2022 | May 24, 2022 | Jun 23, 2022 | $0.238 | 3.59% |
FAQ
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