China Construction Bank Corporation (HKG:0939) Trading Outlook

China Construction Bank Corporation (HKG:0939) Trading Outlook

China Construction Bank Corporation (HKG:0939) Trading Outlook

HEFFX Notes China Construction Bank Corporation

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 5.90.

The projected lower bound is: 5.45.

The projected closing price is: 5.67.

CCB closed up 0.120 at 5.660. Volume was 100% above average (neutral) and Bollinger Bands were 21% narrower than normal.

Open          High           Low           Close           Volume
5.590         5.710           5.530        5.660          583,994,496

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period           50-period            200-period
Close:                       5.38                      5.22                       5.07
Volatility:                28                          28                          29
Volume:                   307,012,576      332,537,248        267,887,024

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

CCB is currently 11.7% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of 0939.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on 0939.HK and have had this outlook for the last 49 periods.

China Construction Bank Corporation
China Construction Bank Corporation

HEFFX Momentum China Construction Bank Corporation

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 91.7525. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 7 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 69.07. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 42 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 212.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 7 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.

China Construction Bank Corporation is a commercial bank. The Bank operates its businesses through corporate banking business, including corporate deposit, corporate credit loan, asset custody, enterprise annuity, trade financing, international settlement, international financing and value-added services, among others, and personal banking business, including personal deposit, loan, bank card services, private bank services, foreign exchange trading and gold trading services, among others. The Bank also involves in the provision of electronic banking, Internet banking, mobile phone banking and telephone banking services, insurance products, including life insurance, property insurance, health insurance and others, as well as fund management and wealth investment services. The Bank operates its businesses in domestic and overseas markets.

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