Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
China Resources Gas Group Limited

1193.HK Technical Analysis Summary (HKSE)

Analyze 1193.HK on the HKSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

1193.HK●HKSE
UtilitiesRegulated Gas
HK$16.08
HK$0.18(1.11%)
Hong Kong Market opens in 16h 37m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

1193.HK Technical Analysis Summary (HKSE)

China Resources Gas Group Limited (HKSE: 1193.HK) stock currently shows a bullish trend on the HKSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 53.27)
Trend Strength:Strong (ADX: 37.80)
Volatility:Medium (ATR: 0.38)
Support/Resistance:$14.43 – $16.19 (Bollinger Bands)

Technical conditions suggest China Resources Gas Group Limited on the HKSE is awaiting a decisive move. This mix signals that China Resources Gas Group Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 53.27

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 90.64

Bearish
Overbought levels may trigger pullback.

Williams %R: -18.52

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 5.54

Strongly Bullish
Strong upside momentum.

Takeaway:China Resources Gas Group Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: -0.13

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 37.80

Strong
Strong trend, momentum well established.

ATR (14): 0.38

Low
Low volatility, stable price action.

CCI (14): 112.51

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:China Resources Gas Group Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$16.19
Middle Band (SMA 20)
$15.31
Lower Band
$14.43
Current Position
Within Bands

Takeaway:China Resources Gas Group Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$16.47
Middle Line (EMA 20)
$15.70
Lower Channel
$14.94
Squeeze Status
No Squeeze

Takeaway:China Resources Gas Group Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-17.60M
Money Flow Index63.41Bullish, inflows support continued momentum.
Relative Vigor Index54.34Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:1193.HK shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of China Resources Gas Group Limited (HKSE: 1193.HK), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

Overall Recommendation:Technical indicators for China Resources Gas Group Limited are mixed, suggesting a Hold or wait-and-see approach.

(HKSE: 1193.HK) Technical Analysis FAQ