Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
China Development Bank Financial Leasing Co., Ltd.

1606.HK Technical Analysis Summary (HKSE)

Analyze 1606.HK on the HKSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

1606.HK●HKSE
Financial ServicesFinancial - Credit Services
HK$1.49
HK$0.01(1.02%)
Hong Kong Market opens in 2h 45m

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

1606.HK Technical Analysis Summary (HKSE)

China Development Bank Financial Leasing Co., Ltd. (HKSE: 1606.HK) stock currently shows a neutral trend on the HKSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 59.22)
Trend Strength:Weak (ADX: 15.27)
Volatility:Medium (ATR: 0.03)
Support/Resistance:$1.39 – $1.49 (Bollinger Bands)

Technical conditions suggest China Development Bank Financial Leasing Co., Ltd. on the HKSE is awaiting a decisive move. This mix signals that China Development Bank Financial Leasing Co., Ltd. is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 59.22

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 92.96

Bearish
Overbought levels may trigger pullback.

Williams %R: 0.00

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 4.20

Bullish
Steady upward momentum.

Takeaway:Insufficient data to determine overall momentum trend.

Trend & Volatility

MACD: 0.01

Bullish
Bullish, trend momentum is strengthening.

ADX: 15.27

Weak
Weak trend, market trading sideways.

ATR (14): 0.03

Low
Low volatility, stable price action.

CCI (14): 134.23

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:China Development Bank Financial Leasing Co., Ltd. shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$1.49
Middle Band (SMA 20)
$1.44
Lower Band
$1.39
Current Position
Within Bands

Takeaway:China Development Bank Financial Leasing Co., Ltd. trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$1.51
Middle Line (EMA 20)
$1.44
Lower Channel
$1.38
Squeeze Status
Squeeze On

Takeaway:China Development Bank Financial Leasing Co., Ltd. trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-3.22M
Money Flow Index54.40Neutral, balanced money flows with no clear signal.
Relative Vigor Index68.20Bullish, price momentum strongly favors buyers.

Overall Takeaway:1606.HK shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of China Development Bank Financial Leasing Co., Ltd. (HKSE: 1606.HK), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

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 Development Bank Financial Leasing Co., Ltd. are mixed, suggesting a Hold or wait-and-see approach.

(HKSE: 1606.HK) Technical Analysis FAQ