Ocean park

After a strong run, what’s next for investors in Haichang Ocean Park Holdings?

Item Picture

If you’ve ever felt more and more attracted to a stock that’s constantly rising in price, you’re not alone…

Since the dawn of the stock market, speculators have been captured by the price trend to ‘orient oneself‘.

When prices move in one direction, the attractiveness of do not miss an uptrend or of throw in the towel in a downtrend is often too big to resist. Therefore, prices can continue to move beyond fair value in either direction.

In this spirit, share in Haichang Ocean Park Holdings (HKG: 2255) have been on an upward trend in recent months, and the question for investors now is whether this price strength will continue.

Know what motivates relative strength in share the prices can help you find profitable momentum trades…

Get insights based on data in HKG:2255

How has the stock price of Haichang Ocean Park Holdings (HKG:2255) been doing?

In terms of relative price strength the stock has performed well against the market over the past year:

  • 1 month: 16.1%
  • 6 months: 225.1%
  • 12 months: 1704%

Relative strength is a useful tool in the arsenal of technical traders and investors. It is an instant measure of a stock’s performance against a benchmark.

And as long as there is no certainties on how a stock will move next, research shows that similar price trends can potentially persist.

Studies by leading momentum experts show that stocks with the strongest price strength can sometimes keep pace for up to a year as investors buy into them.

What does this mean for potential investors?

Haichang Ocean Park Operation is currently among the stocks with the strongest relative six-month and one-year price strength on the market. But momentum in itself is no guarantee of future returns.

To get a better idea of ​​whether this momentum is continuing, it’s worth doing some research yourself. Indeed, we have identified some areas of concern with Haichang Ocean Park Holdings which you can read about here.

About Us

Stockopedia helps individual investors make confident and profitable choices in the stock market. Our StockRank and Factor Investing Toolkit offers institutional-grade insights on thousands of global stocks. Voted ‘Best Investment Research Tools’ and ‘Best Research Service’ in the 2021 UK Investor Magazine Awards.