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

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 16 Jun 2017NoneShooting StarThu, 08 Jun 2017-4.23%
***Stock database and scans are updated around midnight (Hong Kong time) every trading day.
4.33 0.00 (0%) Jun 27 11:14pm HKT
Open: 4.340 Range: 4.310 - 4.360 Vol: 1.05M Avg Vol: 6.88M
EPS: 0.53 P/E ratio: 8.03 EBITDA: 641.86M Mkt Cap: 5.55B
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 4.41
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 4.38
Last Trade is above the 50 day moving average at 4.32
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 4.43
* 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 83% 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 in a trading range with a slight bullish bias. 1138.HK may experience some profit taking and it is unclear how strong buying support will be for this stock as objectively, it is still in a strong long term downtrend with the 200 SMA currently at 4.43. Technically, there is very little reason to recommend a buy on this counter. 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 - Fri, 16 Jun 2017
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