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Takip Edin: @UscMarketsCHCJY Stock Forecast & China CITIC Bank Chart Analysis
This article provides a detailed analysis of CHCJY-China CITIC Bank stock including a forecast for CHCJY shares. It features China CITIC Bank Corporation Limited technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
CHCJY Historical Data Review
CHCJY Current Price Performance Analysis
The China CITIC Bank - CHCJY stock traded on the American stock market, on 06-05-2024, closed at 12.3$ with no change compared to the previous day.
In the last month, the price of CHCJY changed by %14.85 increased in value, from 10.71 dollars on 05-06-2024 to 12.3 dollars, increased.
Last year, the price of CHCJY was 10.48 dollars on 06-06-2023, and changed by %17.37 increased in value, to 12.3 dollars increased within a year.
The price of China CITIC Bank stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
CHCJY with AI Stock Forecast & Price Target
On the CHCJY chart China CITIC Bank price was recorded as 12.3 Dollars on 06/05/2024.
The artificial intelligence's forecast on CHCJY stock is as follows.
The artificial intelligence's prediction error margin for CHCJY stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for China CITIC Bank stock over the next 4 months is: 10.8 Dollars.
The commentary on CHCJY stock Target Price: Highest: 11.992 Dollars is predicted.
The commentary on CHCJY stock Target Price: Lowest: 9.727 Dollars is predicted.
Resistance Price where China CITIC Bank stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-25-2024 | 11.992 |
| 10-08-2024 | 11.349 |
| 03-07-2025 | 9.898 |
Support Price where China CITIC Bank stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-03-2024 | 11.108 |
| 02-05-2025 | 9.727 |
| 04-01-2025 | 9.748 |
The commentary on CHCJY stock: The target price can generally be said to be on the decline.
The commentary on CHCJY stock: Fluctuations in the target price can be expected in the coming days.
The target price for China CITIC Bank stock by the end of 2024 is predicted to be 10.352 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CHCJY stock, and the 2024 target price predictions for China CITIC Bank are detailed above.
The technical analysis and charts for the commentary on CHCJY stock are below.
CHCJY Support & Resistance and Trend Analysis
CHCJY stock you have reviewed the technical analysis support resistance charts regarding.
CHCJY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CHCJY review, the China CITIC Bank support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
China CITIC Bank Support and Resistance Prices:
| CHCJY Support Level Price | CHCJY Resistance Level Price |
|---|---|
| 8.63 | 9.05 |
| 8.98 | 9.45 |
| 9.07 | 9.51 |
| 10.48 | 10.89 |
CHCJY Technical Analysis: SMA, RSI, MACD
Upon reviewing the CHCJY chart, buy and sell signals have been generated in the China CITIC Bank technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CHCJY stock are as follows:- The technical analysis for CHCJY indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for CHCJY indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for China CITIC Bank issued a 'Buy' signal when the MACD was at 0.144, with the current MACD value being: 0.436
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for China CITIC Bank stock: Click here to read more predictions on Cheniere Energy Partners stock.
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