Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Global New Material International Holdings Limited

6616.HK Technical Analysis Summary (HKSE)

Analyze 6616.HK on the HKSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

6616.HK●HKSE
Basic MaterialsChemicals - Specialty
HK$9.07
HK$0.41(4.67%)
Hong Kong Market opens in 47h 49m

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

6616.HK Technical Analysis Summary (HKSE)

Global New Material International Holdings Limited (HKSE: 6616.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: 46.28)
Trend Strength:Weak (ADX: 15.61)
Volatility:High (ATR: 0.54)
Support/Resistance:$8.84 – $9.65 (Bollinger Bands)

Technical conditions suggest Global New Material International Holdings Limited on the HKSE is awaiting a decisive move. This mix signals that Global New Material International Holdings Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 46.28

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 28.48

Bearish
Momentum remains weak below midpoint.

Williams %R: -60.14

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 0.22

Neutral
Price change is minimal.

Takeaway:Global New Material International Holdings Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.09

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 15.61

Weak
Weak trend, market trading sideways.

ATR (14): 0.54

Low
Low volatility, stable price action.

CCI (14): -70.98

Bearish
Bearish, momentum remains under pressure.

Takeaway:Global New Material International Holdings Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$9.65
Middle Band (SMA 20)
$9.25
Lower Band
$8.84
Current Position
Within Bands

Takeaway:Global New Material International Holdings Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$10.35
Middle Line (EMA 20)
$9.27
Lower Channel
$8.20
Squeeze Status
Squeeze On

Takeaway:Global New Material International Holdings Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume27.02M
Money Flow Index62.74Bullish, inflows support continued momentum.
Relative Vigor Index55.26Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:6616.HK shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Global New Material International Holdings Limited (HKSE: 6616.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:Global New Material International Holdings Limited shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

(HKSE: 6616.HK) Technical Analysis FAQ