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China Petroleum & Chemical Corporation (0386.HK) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 24 Mar 2017NoneMorning StarThu, 16 Mar 20173.51%
***Stock database and scans are updated around midnight (Hong Kong time) every trading day.
6.20 0.00 (0%) Mar 24 4:09am HKT
Open: 6.15 Range: 6.12 - 6.20 Vol: 77.7M Avg Vol: 78.63M
EPS: 0.32 P/E ratio: 19.67 EBITDA: 23.56B Mkt Cap: 158.18B
Analyze "0386.HK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 6.11
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 5.99
Last Trade is above the 50 day moving average at 6.08
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 5.72
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of 0386.HK

Stock Trend Analysis - Buy, Sell or Hold "China Petroleum & Chemical Corporation" (0386.HK)?

0386.HK is in a very strong uptrend. In the last 52 weeks, 0386.HK has been trading above the 200 day moving average for 94% of the time with an average daily volume of 78.6M shares being traded. The 50 day moving average, currently at 6.08, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. 0386.HK was only able to maintain above the 20 SMA for 40% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. Traders who are thinking of going long 0386.HK shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 6.08 and 5.72 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "0386.HK".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 24 Mar 2017
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