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Redco Properties Group Limited

1622.HK Technical Analysis Summary (HKSE)

Analyze 1622.HK on the HKSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

1622.HK●HKSE
Real EstateReal Estate - Development
HK$0.15
HK$0.005(3.47%)
Hong Kong Market opens in 11h 36m

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

1622.HK Technical Analysis Summary (HKSE)

Redco Properties Group Limited (HKSE: 1622.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: 55.11)
Trend Strength:Moderate (ADX: 22.08)
Volatility:High (ATR: 0.01)
Support/Resistance:$0.13 – $0.15 (Bollinger Bands)

Technical conditions suggest Redco Properties Group Limited on the HKSE is awaiting a decisive move. Overall, Redco Properties Group Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 55.11

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 59.46

Neutral
Mid-range signal with no clear trend.

Williams %R: -43.24

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 4.96

Bullish
Steady upward momentum.

Takeaway:Redco Properties Group Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 22.08

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): 73.59

Bullish
Bullish, momentum building upward.

Takeaway:Redco Properties Group Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.15
Middle Band (SMA 20)
$0.14
Lower Band
$0.13
Current Position
Within Bands

Takeaway:Redco Properties Group Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$0.16
Middle Line (EMA 20)
$0.14
Lower Channel
$0.12
Squeeze Status
Squeeze On

Takeaway:Redco Properties Group Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-11.59M
Money Flow Index53.45Neutral, balanced money flows with no clear signal.
Relative Vigor Index49.27Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:1622.HK shows balanced money flow with a slight bullish bias.

Technical Trading Signals Summary
Based on the current technical analysis of Redco Properties Group Limited (HKSE: 1622.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.

RVI below 50 → vigor tilted toward sellers.

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

(HKSE: 1622.HK) Technical Analysis FAQ