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China Shipping Development Company Ltd (1138.HK) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Mon, 23 Jan 2017NoneDojiMon, 16 Jan 20170.93%
***Stock database and scans are updated around midnight (Hong Kong time) every trading day.
4.33 0.00 (0%) Jan 23 5:09am HKT
Open: 4.34 Range: 4.33 - 4.40 Vol: 8.99M Avg Vol: 6.91M
EPS: 0.12 P/E ratio: 35.10 EBITDA: 525.24M Mkt Cap: 5.61B
Analyze "1138.HK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 4.37
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 4.35
Last Trade is below the 50 day moving average at 4.41
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 4.57
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of 1138.HK

Stock Trend Analysis - Buy, Sell or Hold "China Shipping Development Company Ltd" (1138.HK)?

1138.HK is in a very strong downtrend. For the last 52 weeks, 1138.HK has maintained to stay firmly below the 200 day moving average for 91% of the time. Rallies will be sold into until the downtrend reverses. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also showing some signs of weakness as 1138.HK has been trading below its 20 SMA for 72.5% of the time in the last 8 weeks. As 1138.HK is in a downtrend characterized by the 200 SMA, currently at 4.57, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although 1138.HK may get a short term oversold bounce around here. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "1138.HK".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Mon, 23 Jan 2017
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