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Takip Edin: @UscMarketsCRHKY Stock Forecast & China Resources Beer Chart Analysis
This article provides a detailed analysis of CRHKY-China Resources Beer stock including a forecast for CRHKY shares. It features China Resources Beer (Holdings) Company 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.
CRHKY Historical Data Review
CRHKY Current Price Performance Analysis
The China Resources Beer - CRHKY stock traded on the American stock market, on 06-05-2024, closed at 8.19$ with a %0.12 increased compared to the previous day.
In the last month, the price of CRHKY changed by %-14.78 decreased in value, from 9.61 dollars on 05-06-2024 to 8.19 dollars, decreased.
Last year, the price of CRHKY was 13.38 dollars on 06-06-2023, and changed by %-38.79 decreased in value, to 8.19 dollars decreased within a year.
The price of China Resources Beer stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
CRHKY with AI Stock Forecast & Price Target
On the CRHKY chart China Resources Beer price was recorded as 8.19 Dollars on 06/05/2024.
The artificial intelligence's forecast on CRHKY stock is as follows.
The artificial intelligence's prediction error margin for CRHKY 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 Resources Beer stock over the next 4 months is: 4.9 Dollars.
The commentary on CRHKY stock Target Price: Highest: 7.853 Dollars is predicted.
The commentary on CRHKY stock Target Price: Lowest: 2.193 Dollars is predicted.
Resistance Price where China Resources Beer stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-13-2024 | 6.219 |
Support Price where China Resources Beer stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-03-2024 | 6.185 |
The commentary on CRHKY stock: The target price can generally be said to be on the decline.
The commentary on CRHKY stock: Fluctuations in the target price can be expected in the coming days.
The target price for China Resources Beer stock by the end of 2024 is predicted to be 4.332 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CRHKY stock, and the 2024 target price predictions for China Resources Beer are detailed above.
The technical analysis and charts for the commentary on CRHKY stock are below.
CRHKY Support & Resistance and Trend Analysis
CRHKY stock you have reviewed the technical analysis support resistance charts regarding.
CRHKY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CRHKY review, the China Resources Beer 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 Resources Beer Support and Resistance Prices:
| CRHKY Support Level Price | CRHKY Resistance Level Price |
|---|---|
| 7.12 | 7.94 |
| 7.13 | 8.07 |
| 7.31 | 8.17 |
| 7.57 | 8.48 |
| 7.66 | 8.86 |
| 7.98 | 8.99 |
| 8.12 | 9.13 |
| 8.44 | 9.58 |
| 8.66 | 10.06 |
| 9.88 | 10.14 |
| 11.03 |
CRHKY Technical Analysis: SMA, RSI, MACD
Upon reviewing the CRHKY chart, buy and sell signals have been generated in the China Resources Beer 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 CRHKY stock are as follows:- CRHKY technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for China Resources Beer gave a 'Buy' signal when the RSI was at 25.0, with the current RSI value at 14.48.
- The technical analysis for China Resources Beer 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 Resources Beer stock: Click here to read more predictions on Brenntag SE stock.
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