CNCT.L Forecast and Technical Stock Analysis
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.
- 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.
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.
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.
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.
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
Very Low Low Medium High Very High
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!