CLP Holdings Limited Stock Forecast
CLP Holdings Limited stock price up 0.261% on Friday
(Updated on Apr 19, 2024)
The CLP Holdings Limited stock price gained 0.261% on the last trading day (Friday, 19th Apr 2024), rising from $7.67 to $7.69. During the last trading day the stock fluctuated 1.43% from a day low at $7.62 to a day high of $7.73. The price has been going up and down for this period, and there has been a -1.91% loss for the last 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 64 thousand shares were bought and sold for approximately $489.35 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.67 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.84% during the next 3 months and, with a 90% probability hold a price between $7.45 and $8.16 at the end of this 3-month period.
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CLPHY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.261%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CLP Holdings Limited 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 $7.80 and $8.05. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for CLP Holdings Limited stock
CLP Holdings Limited finds support from accumulated volume at $7.67 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.109 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 2.67%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CLPHY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect CLP Holdings Limited to open at $7.68, and during the day (based on 14 day Average True Range), to move between $7.49 and $7.89, which gives a possible trading interval of +/-$0.203 (+/-2.64%) up or down from last closing price. If CLP Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.67 (0.26%) than the resistance at $7.78 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CLP Holdings Limited stock A Buy?
CLP Holdings Limited holds several negative signals and is within a 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: -1.156 Sell Candidate Unchanged
Predicted Opening Price for CLP Holdings Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $7.68 ( 0.133%) | $7.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLPHY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.79 | 1.29 % | |
| R2 | 7.75 | 0.745 % | ||
| R1 | 7.72 | 0.410 % | ||
| Current price: | 7.69 | |||
| Support | S1 | 7.64 | -0.676 % | |
| S2 | 7.61 | -1.01 % | ||
| S3 | 7.57 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.02 | 4.29 % | |
| R2 | 7.94 | 3.26 % | ||
| R1 | 7.78 | 1.17 % | ||
| Current price | 7.69 | |||
| Support | S1 | 7.67 | -0.260% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CLPHY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.145 | 1.83% |
| 2 | Oct 16, 2023 | Dec 04, 2023 | Dec 22, 2023 | $0.0700 | 0.86% |
| 3 | Sep 01, 2023 | Sep 01, 2023 | Sep 22, 2023 | $0.0727 | 0.97% |
| 4 | Jun 01, 2023 | Jun 02, 2023 | Jun 23, 2023 | $0.0800 | 1.01% |
| 5 | Jun 09, 2023 | Mar 10, 2023 | Mar 30, 2023 | $0.154 | 2.14% |
FAQ
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