Wharf (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
Wharf (Holdings) Limited stock price ended at HK$26.70 on Friday, after gaining 1.71%.
(Updated on May 17, 2024)
The Wharf (Holdings) Limited stock price gained 1.71% on the last trading day (Friday, 17th May 2024), rising from HK$26.25 to HK$26.70. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.26% from a day low at HK$26.10 to a day high of HK$26.95. The price has risen in 8 of the last 10 days and is up by 6.59% over the past 2 weeks. Volume fell on the last day by -357 thousand shares and in total, 2 million shares were bought and sold for approximately HK$40.45 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$26.60, a level that may pose a second chance to hit a runner. According to fan-theory HK$29.78 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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0004.HK Signals & Forecast
Mostly positive signals in the chart today. The Wharf (Holdings) Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$25.56 and HK$25.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.10%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Wharf (Holdings) Limited stock
Wharf (Holdings) Limited finds support from accumulated volume at HK$26.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.85 (3.26%) between high and low. For the last week, the stock has had daily average volatility of 2.68%.
Since the Wharf (Holdings) Limited has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: HK$25.43 (-4.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (0004.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Wharf (Holdings) Limited to open at HK$26.58, and during the day (based on 14 day Average True Range), to move between HK$25.99 and HK$27.41, which gives a possible trading interval of +/-HK$0.707 (+/-2.65%) up or down from last closing price. If Wharf (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 5.30% 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$26.25 (1.69%) than the resistance at HK$27.20 (1.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wharf (Holdings) Limited stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.260 Buy Candidate Unchanged
Predicted Opening Price for Wharf (Holdings) Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$26.58 ( 0.437%) | HK$26.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0004.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.43 | 2.75 % | |
R2 | 27.11 | 1.53 % | ||
R1 | 26.91 | 0.779 % | ||
Current price: | 26.70 | |||
Support | S1 | 26.26 | -1.65 % | |
S2 | 26.06 | -2.40 % | ||
S3 | 25.73 | -3.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.95 | 8.43 % | |
R2 | 27.35 | 2.43 % | ||
R1 | 27.20 | 1.87 % | ||
Current price | 26.70 | |||
Support | S1 | 26.25 | -1.69% | |
S2 | 25.30 | -5.24% | ||
S3 | 25.15 | -5.81% |
0004 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 09, 2024 | Apr 09, 2024 | Apr 25, 2024 | HK$0.200 | 0.797% |
2 | Apr 11, 2023 | Apr 11, 2023 | Apr 11, 2023 | HK$0.200 | 1.11% |
3 | Aug 29, 2022 | Aug 29, 2022 | Aug 29, 2022 | HK$0.200 | 0.705% |
4 | Aug 26, 2022 | Aug 26, 2022 | Aug 26, 2022 | HK$0.200 | 0.698% |
5 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | HK$0.200 | 0.81% |
FAQ
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