China Aerospace International Holdings 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
China Aerospace International Holdings stock price ended at HK$0.320 on Friday, after losing 0%.
(Updated on May 17, 2024)
No changes to the price of China Aerospace International Holdings stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 3.23% from a day low at HK$0.310 to a day high of HK$0.320. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.324 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.23% during the next 3 months and, with a 90% probability hold a price between HK$0.230 and HK$0.297 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0031.HK Signals & Forecast
The China Aerospace International Holdings 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$0.320 and HK$0.301. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -1.54%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for China Aerospace International Holdings stock
China Aerospace International Holdings finds support from accumulated volume at HK$0.315 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$0.0100 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: HK$0.307 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (0031.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect China Aerospace International Holdings Limited to open at HK$0.317, and during the day (based on 14 day Average True Range), to move between HK$0.307 and HK$0.333, which gives a possible trading interval of +/-HK$0.0131 (+/-4.09%) up or down from last closing price. If China Aerospace International Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.325 (1.56%) than the support at HK$0.315 (1.56%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is China Aerospace International Holdings Limited stock A Buy?
China Aerospace International Holdings 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.
Current score: -0.341 Hold/Accumulate Unchanged
Predicted Opening Price for China Aerospace International Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.317 ( 1.04%) | HK$0.320 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0031.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.327 | 2.08 % | |
| R2 | 0.323 | 0.89 % | ||
| R1 | 0.320 | 0.152 % | ||
| Current price: | 0.320 | |||
| Support | S1 | 0.313 | -2.24 % | |
| S2 | 0.310 | -2.97 % | ||
| S3 | 0.307 | -4.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.335 | 4.69 % | |
| R2 | 0.330 | 3.13 % | ||
| R1 | 0.325 | 1.56 % | ||
| Current price | 0.320 | |||
| Support | S1 | 0.315 | -1.56% | |
| S2 | 0.285 | -10.94% | ||
| S3 | 0.265 | -17.19% |
0031 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | HK$0.0200 | 5.48% |
| 2 | Sep 15, 2022 | Sep 15, 2022 | Sep 15, 2022 | HK$0.0050 | 1.23% |
| 3 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | HK$0.0200 | 4.35% |
| 4 | Jun 28, 2021 | Jun 28, 2021 | Jun 28, 2021 | HK$0.0200 | 2.90% |
| 5 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | HK$0.0200 | 3.92% |
FAQ
Click here for our free guide on how to buy China Aerospace International Holdings Limited Stock.
