CK Hutchison Holdings Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
CK Hutchison Holdings Limited stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 20, 2024)
The CK Hutchison Holdings Limited stock price fell by -1.19% on the last day (Thursday, 20th Jun 2024) from HK$37.70 to HK$37.25. During the last trading day the stock fluctuated 2.29% from a day low at HK$37.10 to a day high of HK$37.95. The price has fallen in 8 of the last 10 days and is down by -4.97% for this period. Volume has increased on the last day by 603 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately HK$153.04 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at HK$36.20 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect CK Hutchison Holdings Limited stock with a 90% probability to be traded between HK$36.92 and HK$43.60 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0001.HK Signals & Forecast
There are mixed signals in the stock today. The CK Hutchison Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$39.47. On a fall, the stock will find some support from the short-term average at HK$37.18. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.78%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for CK Hutchison Holdings Limited stock
CK Hutchison Holdings Limited finds support from accumulated volume at HK$37.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.85 between high and low, or 2.29%. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: HK$35.35 (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (0001.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect CK Hutchison Holdings Limited to open at HK$37.43, and during the day (based on 14 day Average True Range), to move between HK$36.41 and HK$38.09, which gives a possible trading interval of +/-HK$0.84 (+/-2.25%) up or down from last closing price. If CK Hutchison Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$37.00 (0.67%) than the resistance at HK$38.10 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CK Hutchison Holdings Limited stock A Buy?
CK Hutchison Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.337 Hold/Accumulate Upgraded
Predicted Opening Price for CK Hutchison Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$37.43 ( 0.492%) | HK$37.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0001.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.28 | 2.77% |
| R2 | 37.96 | 1.90% |
| R1 | 37.76 | 1.36% |
| Price | 37.25 | |
| S1 | 37.11 | -0.380% |
| S2 | 36.91 | -0.92% |
| S3 | 36.58 | -1.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.65 | 3.76% |
| R2 | 38.25 | 2.68% |
| R1 | 38.10 | 2.28% |
| Price | 37.25 | |
| S1 | 37.00 | -0.671% |
| S2 | 36.60 | -1.74% |
| S3 | 35.80 | -3.89% |
0001 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | Jun 13, 2024 | HK$1.78 | 4.75% |
| 2 | Sep 04, 2023 | Sep 04, 2023 | Sep 14, 2023 | HK$0.756 | 1.82% |
| 3 | May 23, 2023 | May 23, 2023 | May 23, 2023 | HK$2.09 | 4.31% |
| 4 | Sep 05, 2022 | Sep 05, 2022 | Sep 05, 2022 | HK$0.84 | 1.72% |
| 5 | May 24, 2022 | May 24, 2022 | May 24, 2022 | HK$1.86 | 3.43% |
FAQ
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