Pretiming: 0883.HK. CNOOC Limited (0883.HK) stock for the next 10-Day forecast and technical analysis.

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0883.HK. CNOOC Limited (0883.HK) stock for the next 10-Day forecast and technical analysis.

0883.HK Stock 10-Day forecast and technical analysis by pretiming.

Closed price

Jun 02, 2023

12.14

2.71%

Appropriate Investment Position: Buy and Hold

Today's stock price Buy-Sell strength analysis

The current trend appears to be 'Rebound trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a stronger HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a stronger upward rate than the current trend.

The overall buy-and-sell strength indicates that the buy strength is stronger than the sell.

Assuming that the average buy strength is 100%,

Today's buy strength is

236%

 

 

Tomorrow's stock price Buy-Sell strength Forecast

Based on recent stock trends and technical analysis, it looks like 0883.HK stock is poised for a Rebound trend tomorrow

The %strength of Risk & Return tomorrow :

50%

HIGH ~ LOW % range tomorrow :

3.2%

-0.3%

Predicted Average loss over the next 3 days:

-0.4%

The price of 0883.HK stock moves in line with the rise and fall of the stock market index with a probability of

74%

 

, and conversely, it moves against the stock market index trend with a probability of

26%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change.

0883.HK stock price 10 Day forecast

It is expected that the overall trend movement over the next 10 days will follow a strong upward direction, with a ratio of 4 : 6 for the downward to upward direction, indicating a higher proportion of the upward trend. However, in terms of the expected strength of the upward and downward movements, the upward strength is somewhat higher, while the downward strength is somewhat higher. Currently, it's in the midst of a rebound trend in an upward-trending market with a box pattern of price fluctuations, marked by small declines and upward fluctuations. and The Buy-Sell strength had a stronger buying flow than a buying flow in a bearish zone.

Indicating that We are currently in a bearish zone. Therefore, it is recommended to implement a strategy to reduce risk and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate selling timing is predicted to be either today or tomorrow.

 

 

 

 

 

And the appropriate buying timing is predicted to be in 3 days.

 

 

 

 

 

 

(Forecast may change due to changes in the Buy-Sell strength)

Volatility of forecast

Due to sudden changes in Buy-Sell strength that can cause instability in trend linkage, pretiming forecasting can be highly volatile.

Predicting the turning point of the trend

The probability of a trend reversal occurring approximately 6 days from now

68%

Forecast of Upper~Lower price range over the next 10 days

Price:

12.02

~

12.81

% Change:

-1.0%

~

5.6%

Median price between the upper and lower prices

12.42

2.3%

Analysis of the trend zone & level% and average strength of trends

For the last 30 days, the average trend zone & level%

Bearish

-10%

The Current trend zone & level%

Bearish

-101%

The expected average trend zone & level% for the next 10 days

Bullish

18%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

64%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-53%

(Min -100%)

Forecasting the strength of the trend and the range of the HIGH ~ LOW

Trend

Strength%

HIGH

LOW

In 1 day: Rebound trend

50%

3.2%

-0.3%

In 2 days: Entering a downtrend

-100%

0.1%

-2.2%

In 3 days: Entering a downtrend

-37%

-0.2%

-1.0%

In 4 days: Uptrend

60%

2.4%

0.0%

In 5 days: Uptrend

92%

2.8%

0.2%

In 6 days: Entering a correction trend

71%

2.4%

0.4%

In 7 days: Correction trend

-46%

0.8%

-2.2%

In 8 days: Correction trend

-44%

-0.2%

-2.1%

In 9 days: Entering an uptrend

-38%

-0.2%

-1.2%

In 10 days: Entering an uptrend

48%

2.9%

0.1%

Average closing price in case of rising:

 

1.9%

=> HIGH ~ LOW range:

2.6%

~

-0.5%

Average closing price in case of falling:

 

-1.0%

=> HIGH ~ LOW range:

1.1%

~

-1.7%

Stock forecast is based on the buy-sell strength analysis of pretiming. Get detailed information including best stocks to buy, stock price target and investment strategy, Bearish & Bullish stock trend analysis, stock technical analysis.