Henderson Investment 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
Henderson Investment Limited stock downgraded to Hold/Accumulate
(Updated on Jun 14, 2024)
The Henderson Investment Limited stock price fell by -2.68% on the last day (Friday, 14th Jun 2024) from HK$0.149 to HK$0.145. During the last trading day the stock fluctuated 5.76% from a day low at HK$0.139 to a day high of HK$0.147. The price has fallen in 5 of the last 10 days and is down by -10.49% for this period. Volume has increased on the last day by 235 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, 342 thousand shares were bought and sold for approximately HK$49.59 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 27.44% during the next 3 months and, with a 90% probability hold a price between HK$0.160 and HK$0.261 at the end of this 3-month period.
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0097.HK Signals & Forecast
The Henderson Investment Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.148. On a fall, the stock will find some support from the long-term average at approximately HK$0.133. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, May 27, 2024, and so far it has fallen -25.64%. 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). Henderson Investment Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Henderson Investment Limited stock
Henderson Investment Limited finds support from accumulated volume at HK$0.139 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0080 between high and low, or 5.76%. For the last week, the stock has had daily average volatility of 5.75%.
Our recommended stop-loss: HK$0.138 (-4.94%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (0097.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Henderson Investment Limited to open at HK$0.144, and during the day (based on 14 day Average True Range), to move between HK$0.132 and HK$0.158, which gives a possible trading interval of +/-HK$0.0130 (+/-9.00%) up or down from last closing price. If Henderson Investment Limited takes out the full calculated possible swing range there will be an estimated 17.99% 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$0.139 (4.14%) than the resistance at HK$0.155 (6.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Henderson Investment Limited stock A Buy?
Henderson Investment Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.483 Hold/Accumulate Downgraded
Predicted Opening Price for Henderson Investment Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.144 ( 0.92%) | HK$0.145 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0097.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.152 | 4.60% |
| R2 | 0.149 | 2.49% |
| R1 | 0.147 | 1.19% |
| Price | 0.145 | |
| S1 | 0.141 | -3.03% |
| S2 | 0.139 | -4.33% |
| S3 | 0.136 | -6.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.176 | 21.38% |
| R2 | 0.162 | 11.72% |
| R1 | 0.155 | 6.90% |
| Price | 0.145 | |
| S1 | 0.139 | -4.14% |
| S2 | 0.118 | -18.62% |
| S3 | 0.110 | -24.14% |
0097 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | HK$0.0100 | 3.64% |
| 2 | Sep 05, 2022 | Sep 05, 2022 | Sep 05, 2022 | HK$0.0100 | 3.17% |
| 3 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | HK$0.0100 | 2.90% |
| 4 | Sep 03, 2021 | Sep 03, 2021 | Sep 03, 2021 | HK$0.0100 | 2.53% |
| 5 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | HK$0.0100 | 2.47% |
FAQ
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