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PATEO CONNECT Technology (Shanghai) Corporation

2889.HK Technical Analysis Summary (HKSE)

Analyze 2889.HK on the HKSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

2889.HK●HKSE
TechnologySoftware - Application
HK$46.12
HK$6.13(11.73%)
Hong Kong Market is Open · 13:54

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

2889.HK Technical Analysis Summary (HKSE)

PATEO CONNECT Technology (Shanghai) Corporation (HKSE: 2889.HK) stock currently shows a bearish trend on the HKSE, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bullish to Strongly Bullish (RSI: 27.54)
Trend Strength:Very Strong (ADX: 55.11)
Volatility:High (ATR: 7.61)
Support/Resistance:$39.47 – $77.04 (Bollinger Bands)

Technical conditions suggest PATEO CONNECT Technology (Shanghai) Corporation on the HKSE is awaiting a decisive move. Overall, PATEO CONNECT Technology (Shanghai) Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 27.54

Bullish
Oversold, buying opportunity potential.

Stochastic %K: 24.94

Bearish
Momentum remains weak below midpoint.

Williams %R: -87.91

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -7.84

Strongly Bearish
Sharp downside momentum.

Takeaway:PATEO CONNECT Technology (Shanghai) Corporation shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -13.35

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 55.11

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 7.61

High
High volatility, wide price fluctuations.

CCI (14): -170.63

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:PATEO CONNECT Technology (Shanghai) Corporation shows oversold trend conditions, with potential for rebound if buyers step in.

Support & Resistance indicators
Bollinger Bands
Upper Band
$77.04
Middle Band (SMA 20)
$58.26
Lower Band
$39.47
Current Position
Within Bands

Takeaway:PATEO CONNECT Technology (Shanghai) Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$78.35
Middle Line (EMA 20)
$63.12
Lower Channel
$47.90
Squeeze Status
No Squeeze

Takeaway:PATEO CONNECT Technology (Shanghai) Corporation trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume-7.38M
Money Flow Index51.90Neutral, balanced money flows with no clear signal.
Relative Vigor Index34.56Bearish, price momentum favors sellers.

Overall Takeaway:2889.HK shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of PATEO CONNECT Technology (Shanghai) Corporation (HKSE: 2889.HK), here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

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

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:PATEO CONNECT Technology (Shanghai) Corporation shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(HKSE: 2889.HK) Technical Analysis FAQ