VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

CNCT.L Forecast and Technical Stock Analysis

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Sell candidate since 2019-08-13 Loss -1.08%

China Teletech Hldgs Inc gained 0.27% in the last trading day ( Monday, 19th Aug 2019 ), rising from £0.37 to £0.37 During the day the stock fluctuated 3.65% from a day low at £0.36 to a day high of £0.37. The price has been going up and down for this period, and there has been a -3.68% loss for the last 2 weeks. Volume fell in the last day by -89 109 shares and in total, 42 762 shares bought and sold for approximately £15 650.90. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the CNCT.L stock price was £0.39 and low was £0.34.
  • 90 day high was £0.40 and low was £0.34.
  • 52 week high for China Teletech Hldgs Inc - £44.25 and low - £0.27.
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Trend

China Teletech Hldgs Inc is at the lower part of a horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at £0.36 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect China Teletech Hldgs Inc with a 90% probability to be traded between £0.36 and £0.39 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

A buy signal was issued from a pivot bottom point on Friday August 16, 2019, which indicates further gains 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. China Teletech Hldgs Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 £0.37 and £0.38. A break-up above any of these levels will issue buy signals. 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.

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Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 85 ]

RSI14 is 30 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

China Teletech Hldgs Inc finds support from accumulated volume at £0.37.

Support: £0.37 Price: £0.37 Resistance: £0.38

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

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

4.18 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

China Teletech Hldgs Inc 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.

Will CNCT.L stock price go up or down on Wed, 21 Aug 2019?

Golden Star Signal

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