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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$0.17
HK$0.001(0.61%)
Hong Kong Market opens in 18h 10m

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 Bearish (RSI: 42.90)
Trend Strength:Weak (ADX: 19.74)
Volatility:High (ATR: 0.01)
Support/Resistance:$0.15 – $0.21 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 42.90

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 19.61

Bullish
Oversold zone signals rebound potential.

Williams %R: -69.44

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -17.59

Strongly Bearish
Sharp downside momentum.

Takeaway:Redco Properties Group Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 19.74

Weak
Weak trend, market trading sideways.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): -73.48

Bearish
Bearish, momentum remains under pressure.

Takeaway:Redco Properties Group Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.21
Middle Band (SMA 20)
$0.18
Lower Band
$0.15
Current Position
Within Bands

Takeaway:Redco Properties Group Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.20
Middle Line (EMA 20)
$0.18
Lower Channel
$0.15
Squeeze Status
No Squeeze

Takeaway:Redco Properties Group Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume20.93M
Money Flow Index11.65Bullish, oversold conditions signal rebound potential.
Relative Vigor Index58.17Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:1622.HK shows mixed signals in money flow analysis.

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

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

Bearish Signals

MACD below signal line → short-term caution on momentum.

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