Red ListRecovering

3788.HKHANKING GOLD

Basic Materials · Steel · mid-cap ($7.9B)
-42.0%
from rolling 252-day high of 5.60 HKD set 2026-01-26 · 235d ago
Current
3.25 HKD
Decline depth
-42.0%
Decline σ
5.2σ
TFC
0/5 bearish

Where it stands

On the Red List.

Down 42.0% from its rolling 252-day high, 235 days after the high.

Snapshot . Price structure, not a judgment about the business.

A bullish structural signal is also active. The Recovering badge coexists with the decline tier; it does not establish a completed recovery.

What changed

Since the previous observation.

Red List → Red List; recovery signal active.

Comparing with . This compares classification, not price returns.

See the recorded timeline →

Why it is flagged

3788.HK qualifies for the Red List on decline depth.

Down 42.0% from its rolling 252-day high, 235 days after the high. The most severe triggered rule determines the tier.

Inspect the three classification measures
Decline depth
-42.0%
From rolling 252-day high of 5.60 HKD, 235d ago. Past the 40% Red List threshold.
Time-frame continuity
0/5 bearish
Latest bar on five time frames, daily to yearly. Bearish = 2-Down or red 3.
Decline sigma
5.2σ
Drop over the last 20 bars in units of daily volatility (3.17%/day). Past the ≥4σ Watch threshold.

Price history

The price path behind the snapshot.

Daily prices with the rolling-high reference. When a recorded classification event falls on a displayed trading date, it is marked on the chart.

Price chart unavailable for this symbol. The snapshot and recorded classification history remain available below.

The recorded history

A timeline of observations.

First observed 2026-09-09. These are scan observations, not exact transition times or the start of a decline. Missing scan dates are not filled in.

  1. Red List → Red List; recovery signal active
  2. Watch; recovery signal active → Red List
  3. Red List → Watch; recovery signal active
  4. First observed: Red List

Absence from a captured list does not establish recovery. Historical tiers reflect the rules and data recorded at that time.

Technical interpretation and signal details

The structural read

What price action says about 3788.HK.

3788.HK qualifies for the Red List on decline depth — down -42.0% from its rolling 252-day high. Past the 40% threshold, the deepest tier in the taxonomy.

Cross-confirmation: decline sigma also reads 5.2σ over 20 bars.

A confirmed bullish signal on one or more time frames earned the Recovering badge. The tier reflects the most severe price-structure rule; Recovering identifies a separate bullish signal. Not a buy signal.

Whether 3788.HK's turn is investable is ConvictionEdge's question, not ours.

Questions about 3788.HK

What people ask.

Why is 3788.HK on Broken Stocks?

3788.HK qualifies for the Red List on decline depth. It is down -42.0% from its rolling 252-day high of 5.60 HKD, set on 2026-01-26 — 235d ago. It additionally carries a Recovering badge — see below.

What does the Recovering badge mean for 3788.HK?

Recovering means our proprietary engine has flagged a confirmed bullish structural signal on one or more time frames (moderate or strong time-frame continuity). It coexists with the decline tier — 3788.HK is still Red List because a price-structure rule still triggers, but a bullish setup has formed inside that decline. The two readings answer different questions: the tier reflects the most severe triggered rule; the Recovering badge tells you whether momentum may be turning. It's not a buy recommendation.

Is 3788.HK a falling knife?

Not by the strict technical definition. 3788.HK is down -42.0% from its 52-week high, but that high was set 235d ago — more than 120 days. A falling knife is usually a recent breakdown from a fresh high, not an established multi-quarter downtrend. 3788.HK is still on the Red List for decline depth, but the freshness component of a falling knife is missing.

Is 3788.HK a buy?

Broken Stocks does not issue buy or sell recommendations. The list is a rules-based technical warning system. It tracks structural decline depth and recency — not company quality, management, fundamentals, or news. Always do your own research and consult a licensed advisor.

Where is 3788.HK trading inside its 52-week range?

At 3.25 HKD, 3788.HK sits 33.4% of the way from its 52-week low (2.07 HKD) to its 52-week high (5.60 HKD). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.

How fast has 3788.HK been declining?

The current 42.0% decline accrued over 235d, which annualizes to roughly -65.2% per year. Annualized pace is a sanity check — a 30% decline in three months is a different signal than a 30% decline over two years.

How does 3788.HK compare to its sector?

There are 230 other Basic Materials tickers on Broken Stocks: 128 Red, 61 Amber, 41 Watch, with 100 showing recovering structural signals. Median sector decline is -36.2% — 3788.HK's decline is deeper than the sector median.