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 HOKCY
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The Hong Kong and China Gas Company Ltd stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The The Hong Kong and China Gas Company Ltd stock price fell by -3.39% on the last day (Thursday, 28th Mar 2024) from $0.738 to $0.713. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.62% from a day low at $0.704 to a day high of $0.715. The price has fallen in 6 of the last 10 days and is down by -0.86% for this period. Volume has increased on the last day by 12 million 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, 12 million shares were bought and sold for approximately $8.79 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.698 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.82% during the next 3 months and, with a 90% probability hold a price between $0.752 and $0.87 at the end of this 3-month period.

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HOKCY 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 The Hong Kong and China Gas Company Ltd 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 $0.753 and $0.721. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -10.94%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for The Hong Kong and China Gas Company Ltd stock

The Hong Kong and China Gas Company Ltd finds support from accumulated volume at $0.711 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 $0.0114 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 3.18%.

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

Trading Expectations (HOKCY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect The Hong Kong and China Gas Company Ltd to open at $0.710, and during the day (based on 14 day Average True Range), to move between $0.683 and $0.742, which gives a possible trading interval of +/-$0.0294 (+/-4.13%) up or down from last closing price. If The Hong Kong and China Gas Company Ltd takes out the full calculated possible swing range there will be an estimated 8.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.711 (0.18%) than the resistance at $0.725 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is The Hong Kong and China Gas Company Ltd stock A Buy?

The The Hong Kong and China Gas Company Ltd stock holds several negative signals and despite the positive trend, we believe The Hong Kong and China Gas Company Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.758 Sell Candidate Downgraded

Predicted Opening Price for The Hong Kong and China Gas Company Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.710 ( 0.300%) $0.713

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

Trading levels for HOKCY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.722 1.30 %
R2 0.717 0.690 %
R1 0.715 0.312 %
Current price: 0.713
Support S1 0.706 -0.91 %
S2 0.703 -1.29 %
S3 0.699 -1.90 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.765 7.37 %
R2 0.753 5.74 %
R1 0.725 1.75 %
Current price 0.713
Support S1 0.711 -0.182%
S2 0.705 -1.05%
S3 0.689 -3.31%

HOKCY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 25, 2024 Jun 06, 2024 Jul 01, 2024 $0.0235 3.30%
2 Jun 05, 2024 Jun 05, 2024 Jul 01, 2024 $0.0235 3.30%
3 Aug 17, 2023 Aug 25, 2023 Sep 15, 2023 $0.0150 2.23%
4 Jun 02, 2023 Jun 08, 2023 Jul 03, 2023 $0.0290 3.49%
5 Aug 27, 2022 Aug 31, 2022 Sep 22, 2022 $0.0150 1.72%

FAQ

What is the symbol for The Hong Kong and China Gas Company Ltd Stock and on which exchange is it traded?
The symbol for The Hong Kong and China Gas Company Ltd is HOKCY and it is traded on the PINK (Pink Sheets).

Should I buy or sell The Hong Kong and China Gas Company Ltd Stock?
The The Hong Kong and China Gas Company Ltd stock holds several negative signals and despite the positive trend, we believe The Hong Kong and China Gas Company Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy The Hong Kong and China Gas Company Ltd Stock?
The Hong Kong and China Gas Company Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy The Hong Kong and China Gas Company Ltd Stock.

What's the current price of The Hong Kong and China Gas Company Ltd Stock?
As of the end of day on the 2024-03-28, the price of an The Hong Kong and China Gas Company Ltd (HOKCY) share was $0.713.

What is the 52-week high and low for The Hong Kong and China Gas Company Ltd Stock?
The 52-week high for The Hong Kong and China Gas Company Ltd Stock is $0.96 and the 52-week low is $0.623.

What is the market capitalization of The Hong Kong and China Gas Company Ltd Stock?
As of the 2024-03-28, the market capitalization of The Hong Kong and China Gas Company Ltd is 13.295B.
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About The Hong Kong and China Gas Company Ltd

The Hong Kong and China Gas Company Ltd The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas in Hong Kong and Mainland China. It is involved in the provision of liquefied natural gas, methanol, and coal and other chemicals; conversion and utilization of biomass; agricultural waste; and operation of natural gas refilling stations, piped city-gas projects, upstream and midstream developments, photovoltaic projects, water and ... HOKCY Profile

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