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Takip Edin: @UscMarketsCIHKY Stock Forecast & China Merchants Bank Chart Analysis
This article provides a detailed analysis of CIHKY-China Merchants Bank stock including a forecast for CIHKY shares. It features China Merchants Bank Co., Ltd. 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.
CIHKY Historical Data Review
CIHKY Current Price Performance Analysis
The China Merchants Bank - CIHKY stock traded on the American stock market, on 06-05-2024, closed at 22.6$ with a %-0.31 decreased compared to the previous day.
In the last month, the price of CIHKY changed by %-1.91 decreased in value, from 23.04 dollars on 05-06-2024 to 22.6 dollars, decreased.
Last year, the price of CIHKY was 23.98 dollars on 06-06-2023, and changed by %-5.75 decreased in value, to 22.6 dollars decreased within a year.
The price of China Merchants 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.
CIHKY with AI Stock Forecast & Price Target
On the CIHKY chart China Merchants Bank price was recorded as 22.6 Dollars on 06/05/2024.
The artificial intelligence's forecast on CIHKY stock is as follows.
The artificial intelligence's prediction error margin for CIHKY stock is 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 Merchants Bank stock over the next 4 months is: 17.7 Dollars.
The commentary on CIHKY stock Target Price: Highest: 20.414 Dollars is predicted.
The commentary on CIHKY stock Target Price: Lowest: 14.609 Dollars is predicted.
Resistance Price where China Merchants Bank stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-15-2024 | 20.414 |
| 09-18-2024 | 18.971 |
| 12-27-2024 | 18.095 |
| 02-20-2025 | 16.219 |
Support Price where China Merchants Bank stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 19.665 |
| 08-19-2024 | 18.100 |
| 12-02-2024 | 17.317 |
| 02-05-2025 | 16.046 |
| 04-01-2025 | 14.609 |
The commentary on CIHKY stock: The target price can generally be said to be on the decline.
The commentary on CIHKY stock: Fluctuations in the target price can be expected in the coming days.
The target price for China Merchants Bank stock by the end of 2024 is predicted to be 18.095 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CIHKY stock, and the 2024 target price predictions for China Merchants Bank are detailed above.
The technical analysis and charts for the commentary on CIHKY stock are below.
CIHKY Support & Resistance and Trend Analysis
CIHKY stock you have reviewed the technical analysis support resistance charts regarding.
CIHKY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CIHKY review, the China Merchants 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 Merchants Bank Support and Resistance Prices:
| CIHKY Support Level Price | CIHKY Resistance Level Price |
|---|---|
| 15.57 | 17.40 |
| 15.90 | 17.41 |
| 17.21 | 18.80 |
| 18.37 | 19.08 |
| 18.44 | 19.64 |
| 18.88 | 20.14 |
| 19.56 | 20.26 |
| 20.44 | |
| 20.74 | |
| 20.95 | |
| 25.55 |
CIHKY Technical Analysis: SMA, RSI, MACD
Upon reviewing the CIHKY chart, buy and sell signals have been generated in the China Merchants 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 CIHKY stock are as follows:- CIHKY technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for China Merchants Bank gave a 'Buy' signal when the RSI was at 28.715, with the current RSI value at 36.686.
- The technical analysis for China Merchants Bank indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
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 Merchants Bank stock: Click here to read more predictions on CVS Health Corporation stock.
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