RSI low/high Values: [ 20 - 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 CNR.L
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Green day on Wednesday for China Metro Rural Holdings Ltd stock after gaining 0.99%
(Updated on Mar 27, 2024)

Buy candidate since Mar 20, 2024 Gain 2.00% PDF

The China Metro Rural Holdings Ltd stock price gained 0.99% on the last trading day (Wednesday, 27th Mar 2024), rising from £25.25 to £25.50. During the last trading day the stock fluctuated 1.96% from a day low at £25.01 to a day high of £25.50. The price has risen in 5 of the last 10 days and is up by 8.05% over the past 2 weeks. Volume fell on the last day by -606 thousand shares and in total, 30 thousand shares were bought and sold for approximately £765.59 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 upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £26.26 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.22% during the next 3 months and, with a 90% probability hold a price between £22.80 and £28.42 at the end of this 3-month period.

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CNR.L Signals & Forecast

The China Metro Rural Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £25.11 and £23.32. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -0.97%. Further fall is indicated until a new bottom pivot has been found. 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 China Metro Rural Holdings Ltd stock

China Metro Rural Holdings Ltd finds support from accumulated volume at £25.25 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 £0.490 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 2.55%.

Our recommended stop-loss: £24.61 (-3.51%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (CNR.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect China Metro Rural Holdings Ltd to open at £25.34, and during the day (based on 14 day Average True Range), to move between £24.45 and £26.55, which gives a possible trading interval of +/-£1.05 (+/-4.10%) up or down from last closing price. If China Metro Rural Holdings Ltd takes out the full calculated possible swing range there will be an estimated 8.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £25.75 (0.98%) than the support at £25.25 (0.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is China Metro Rural Holdings Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for China Metro Rural Holdings Ltd stock to perform well in the short-term.

Current score: 2.864 Buy Candidate Unchanged

Predicted Opening Price for China Metro Rural Holdings Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£25.34 ( 0.641%) £25.50

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

Trading levels for CNR.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.83 1.28 %
R2 25.64 0.547 %
R1 25.52 0.0935 %
Current price: 25.50
Support S1 25.15 -1.37 %
S2 25.03 -1.83 %
S3 24.85 -2.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 25.75 0.98 %
Current price 25.50
Support S1 25.25 -0.98%
S2 21.00 -17.65%
S3 20.75 -18.63%

FAQ

What is the symbol for China Metro Rural Holdings Ltd Stock and on which exchange is it traded?
The symbol for China Metro Rural Holdings Ltd is CNR.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell China Metro Rural Holdings Ltd Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for China Metro Rural Holdings Ltd stock to perform well in the short-term.

How to buy China Metro Rural Holdings Ltd Stock?
China Metro Rural Holdings 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 China Metro Rural Holdings Ltd Stock.

What's the current price of China Metro Rural Holdings Ltd Stock?
As of the end of day on the 2024-03-27, the price of an China Metro Rural Holdings Ltd (CNR.L) share was £25.50.

What is the 52-week high and low for China Metro Rural Holdings Ltd Stock?
The 52-week high for China Metro Rural Holdings Ltd Stock is £34.80 and the 52-week low is £13.50.

What is the market capitalization of China Metro Rural Holdings Ltd Stock?
As of the 2024-03-27, the market capitalization of China Metro Rural Holdings Ltd is 50.968M.

When is the next earnings date for China Metro Rural Holdings Ltd?
The upcoming earnings date for China Metro Rural Holdings Ltd is Sep 05, 2024.
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About China Metro Rural Holdings Ltd

China Metro Rural Holdings Ltd Condor Gold Plc, together with its subsidiaries, explores and develops gold and silver properties in Nicaragua. The company owns a 100% interest in the La India project that comprises 12 concessions covering an area of 588 square kilometers located in the La India Gold Mining District, Nicaragua. It also holds 100% interests in Rio Luna concession covering an area of 43 square kilometers located in Central Highlands, Nicaragua; and Estrella conce... CNR.L Profile

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