Regal Hotels International Holdings Ltd 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
Is Regal Hotels International Holdings Ltd stock still a buy after falling -6.64% on Thursday?
(Updated on Jun 20, 2024)
The Regal Hotels International Holdings Ltd stock price fell by -6.64% on the last day (Thursday, 20th Jun 2024) from HK$2.86 to HK$2.67. During the last trading day the stock fluctuated 4.23% from a day low at HK$2.60 to a day high of HK$2.71. The price has fallen in 4 of the last 10 days but is still up by 5.12% 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 -1 million shares and in total, 240 thousand shares were bought and sold for approximately HK$640.80 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Regal Hotels International Holdings Ltd stock with a 90% probability to be traded between HK$2.54 and HK$2.91 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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0078.HK Signals & Forecast
The Regal Hotels International Holdings Ltd 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$2.63 and HK$2.61. A breakdown below any of these levels will issue sell signals. 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 Wednesday, June 19, 2024, and so far it has fallen -6.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Regal Hotels International Holdings Ltd stock
Regal Hotels International Holdings Ltd finds support from accumulated volume at HK$2.61 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.110 between high and low, or 4.23%. For the last week the stock has had daily average volatility of 7.96%.
Our recommended stop-loss: HK$2.51 (-5.89%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (0078.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Regal Hotels International Holdings Limited to open at HK$2.66, and during the day (based on 14 day Average True Range), to move between HK$2.54 and HK$2.80, which gives a possible trading interval of +/-HK$0.134 (+/-5.02%) up or down from last closing price. If Regal Hotels International Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.03% 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$2.69 (0.75%) than the support at HK$2.61 (2.25%), 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 Regal Hotels International Holdings Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Regal Hotels International Holdings Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.215 Buy Candidate Upgraded
Predicted Opening Price for Regal Hotels International Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$2.66 ( 0.375%) | HK$2.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0078.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.77 | 3.75% |
| R2 | 2.73 | 2.17% |
| R1 | 2.70 | 1.20% |
| Price | 2.67 | |
| S1 | 2.62 | -1.95% |
| S2 | 2.59 | -2.92% |
| S3 | 2.55 | -4.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.86 | 7.12% |
| R2 | 2.72 | 1.87% |
| R1 | 2.69 | 0.749% |
| Price | 2.67 | |
| S1 | 2.61 | -2.25% |
| S2 | 2.56 | -4.12% |
| S3 | 2.50 | -6.37% |
0078 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2020 | Jun 11, 2020 | Jun 11, 2020 | HK$0.0600 | 1.99% |
| 2 | Oct 09, 2019 | Oct 09, 2019 | Oct 09, 2019 | HK$0.0450 | 1.05% |
| 3 | Jun 05, 2019 | Jun 05, 2019 | Jun 05, 2019 | HK$0.140 | 2.97% |
| 4 | Oct 05, 2018 | Oct 05, 2018 | Oct 05, 2018 | HK$0.0500 | 1.17% |
| 5 | Jun 06, 2018 | Jun 06, 2018 | Jun 06, 2018 | HK$0.115 | 2.22% |
FAQ
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