Is Redco Properties Group Limited stock a buy or sell right now?

Redco Properties Group Limited currently trades in a Neutral range, with momentum and trend indicators showing no clear direction.

What is Redco Properties Group Limited’s RSI?

RSI is 65.80, showing balanced momentum within the normal range.

What does MACD indicate for 1622.HK?

MACD at 0.00 is neutral, showing no clear momentum.

What are Redco Properties Group Limited’s key support and resistance levels?

Support sits around $0.09, while resistance is near $0.16. A breakout above $0.16 would open the door for further upside.

Redco Properties Group Limited

1622.HK•HKSE

Real Estate

Real Estate - Development

HK$0.16

HK$0.005(3.21%)

Hong Kong Market is Open • 10:29

Redco Properties Group Limited (1622.HK) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Redco Properties Group Limited (HKSE:1622.HK).

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

Redco Properties Group Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral

Momentum:Bullish (RSI: 65.80)

Trend Strength:Moderate (ADX: 26.08)

Volatility:High (ATR: 0.02)

Support/Resistance:$0.09 – $0.16 (Bollinger Bands)

Technical conditions suggest Redco Properties Group Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 65.80

Bullish

Above midpoint suggests upward bias.

Stochastic %K: 83.08

Bearish

Overbought levels may trigger pullback.

Williams %R: -10.77

Bearish

Overbought levels may trigger correction.

Rate of Change (ROC): 19.26

Strongly Bullish

Strong upside momentum.

Takeaway:Redco Properties Group Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.00

Neutral

Neutral, momentum shows no clear direction.

ADX: 26.08

Moderate

Moderate trend, direction gaining strength.

ATR (14): 0.02

Low

Low volatility, stable price action.

CCI (14): 169.68

Bearish Risk

Bearish risk, overbought levels suggest caution.

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

Support & Resistance indicators

Bollinger Bands

Upper Band

$0.16

Middle Band (SMA 20)

$0.13

Lower Band

$0.09

Current Position

Above Upper Band

Takeaway:Redco Properties Group Limited trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels

Upper Channel

$0.17

Middle Line (EMA 20)

$0.14

Lower Channel

$0.10

Squeeze Status

No Squeeze

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

Volume & Money Flow Analysis

On-Balance Volume-6.03M

Money Flow Index60.52Bullish, inflows support continued momentum.

Relative Vigor Index79.90Bullish, price momentum strongly favors buyers.

Overall Takeaway:1622.HK shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary

Based on the current technical analysis of Redco Properties Group Limited, 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 Redco Properties Group Limited are mixed, suggesting a Hold or wait-and-see approach.