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China HGS Real Estate Stock Forecast NASDAQ:HGSH

$1.85 (0.40%)

Volume: 5k

Closed: Nov 26, 2021

Hollow Logo Score: -3.607

China HGS Real Estate Stock Forecast

$1.85 (0.40%)

Volume: 5k

Closed: Nov 26, 2021

Score Hollow Logo -3.607
Which way will HGSH go? Request
Key Stats
Beta 1.53
* 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 30 and the stock is currently not being overbought or oversold

Green day on Friday for China HGS Real Estate
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The China HGS Real Estate stock price gained 0.40% on the last trading day (Friday, 26th Nov 2021), rising from $1.84 to $1.85. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.35% from a day low at $1.79 to a day high of $1.85. The price has risen in 5 of the last 10 days, but is still down by -16.78% for this period. Volume fell on the last day by -16 thousand shares and in total, 5 thousand shares were bought and sold for approximately $9.27 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 middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.48% during the next 3 months and, with a 90% probability hold a price between $2.13 and $2.87 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 23, 2021, and so far it has risen 8.67%. 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 China HGS Real Estate stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.96 and $1.93. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

China HGS Real Estate finds support from accumulated volume at $1.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0600 between high and low, or 3.35%. For the last week the stock has had a daily average volatility of 9.90%.

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

Is China HGS Real Estate stock A Buy?

The China HGS Real Estate stock holds several negative signals and despite the positive trend, we believe China HGS Real Estate will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.607

Predicted Opening Price for China HGS Real Estate of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$1.83 $1.85 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 9.90 %
Overall Risk: Very High High Medium Low Very Low
Volatility
9.90 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.92
Price: $1.85
Support: $1.84

HGSH Insider Trading Show all Trades

INSIDER POWER

1.414

Last 19 transactions
Buy: 17 324 000 | Sell: 12 252 723 (Shares)
Date Action Amount Person Type
Mar 16, 2011 Buy 12 000 Silver Gordon H Stock Option
Mar 16, 2011 Buy 12 000 Sherman H. David Stock Option
May 01, 2006 Sell 300 000 Stewart Mark Stock Option (Right to Buy)
May 01, 2006 Sell 300 000 Gadawski Kevin J Stock Option (Right to Buy)
May 01, 2006 Buy 6 000 000 Wang Zhengquan Common Stock
Show all Insider Trades
INSIDER POWER

1.414

Last 19 transactions
Buy: 17 324 000 | Sell: 12 252 723 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.89 2.26 %
1.87 1.02 %
1.85 0.25 %
Current price: 1.85
Support 1.81 -2.23 %
1.79 -3.00 %
1.77 -4.24 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.20 19.09 %
2.06 11.51 %
1.92 3.93 %
Current price 1.85
Support 1.84 -0.40%
1.79 -3.11%
1.71 -7.45%

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About China HGS Real Estate

China HGS Real Estate Inc., through its subsidiary, Shaanxi Guangsha Investment and Development Group Co., Ltd, develops real estate properties in the People’s Republic of China. The company engages in the construction and sale of residential apartments, car parking lots, and commercial properties. It develops multi-layer, sub-high-rise, and high-rise apartment buildings, as well as office buildings. China HGS Real Estate Inc. was founded in 199... Read more

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