The Cross-Harbour (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
The Cross-Harbour (Holdings) Limited stock downgraded to Sell Candidate
(Updated on Jun 14, 2024)
The The Cross-Harbour (Holdings) Limited stock price fell by -0.139% on the last day (Friday, 14th Jun 2024) from HK$7.22 to HK$7.21. During the last trading day the stock fluctuated 0% from a day low at HK$7.21 to a day high of HK$7.21. The price has risen in 4 of the last 10 days and is up by 0.56% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately HK$14.20 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect The Cross-Harbour (Holdings) Limited stock with a 90% probability to be traded between HK$7.03 and HK$7.34 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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0032.HK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Cross-Harbour (Holdings) Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$7.26 and HK$7.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Friday, April 12, 2024 and based on theory for this formation the price should go up by 1.09% to HK$7.29 within 9 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for The Cross-Harbour (Holdings) Limited stock
The Cross-Harbour (Holdings) Limited finds support from accumulated volume at HK$7.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.443%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0032.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect The Cross-Harbour (Holdings) Limited to open at HK$7.21, and during the day (based on 14 day Average True Range), to move between HK$7.13 and HK$7.29, which gives a possible trading interval of +/-HK$0.0781 (+/-1.08%) up or down from last closing price. If The Cross-Harbour (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 2.17% 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$7.20 (0.14%) than the resistance at HK$7.23 (0.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Cross-Harbour (Holdings) Limited stock A Buy?
The Cross-Harbour (Holdings) Limited holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.299 Sell Candidate Downgraded
Predicted Opening Price for The Cross-Harbour (Holdings) Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$7.21 ( 0%) | HK$7.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0032.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.21 | - |
| R2 | 7.21 | - |
| R1 | 7.21 | - |
| Price | 7.21 | |
| S1 | 7.21 | - |
| S2 | 7.21 | - |
| S3 | 7.21 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.39 | 2.50% |
| R2 | 7.29 | 1.11% |
| R1 | 7.23 | 0.277% |
| Price | 7.21 | |
| S1 | 7.20 | -0.139% |
| S2 | 7.17 | -0.555% |
| S3 | 7.12 | -1.25% |
0032 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | Jun 03, 2024 | HK$0.240 | 3.33% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Jan 03, 2024 | HK$0.0600 | 0.779% |
| 3 | Sep 04, 2023 | Sep 04, 2023 | Sep 04, 2023 | HK$0.0600 | 0.731% |
| 4 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | HK$0.0600 | 0.680% |
| 5 | May 24, 2023 | May 24, 2023 | May 24, 2023 | HK$0.240 | 2.45% |
FAQ
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