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 price ended at HK$0.130 on Thursday, after losing 3.70%.
(Updated on Jun 20, 2024)
The Henderson Investment Limited stock price fell by -3.70% on the last day (Thursday, 20th Jun 2024) from HK$0.135 to HK$0.130. During the last trading day the stock fluctuated 1.54% from a day low at HK$0.130 to a day high of HK$0.132. The price has fallen in 6 of the last 10 days and is down by -15.58% for this period. 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 -537 thousand shares and in total, 160 thousand shares were bought and sold for approximately HK$20.80 thousand.
Given the current short-term trend, the stock is expected to rise 29.02% during the next 3 months and, with a 90% probability hold a price between HK$0.168 and HK$0.269 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0097.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Henderson Investment 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$0.140 and HK$0.136. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -33.33%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Henderson Investment Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.118 and HK$0.110. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Henderson Investment Limited finds support just below today's level at HK$0.118. If this is broken, then the next support from accumulated volume will be at HK$0.110 and HK$0.106.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0020 between high and low, or 1.54%. For the last week the stock has had daily average volatility of 4.94%.
Henderson Investment Limited is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0097.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Henderson Investment Limited to open at HK$0.131, and during the day (based on 14 day Average True Range), to move between HK$0.118 and HK$0.142, which gives a possible trading interval of +/-HK$0.0115 (+/-8.87%) up or down from last closing price. If Henderson Investment Limited takes out the full calculated possible swing range there will be an estimated 17.75% 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$0.139 (6.92%) than the support at HK$0.118 (9.23%), 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 Henderson Investment Limited stock A Buy?
The Henderson Investment Limited stock holds several negative signals and despite the positive trend, we believe Henderson Investment Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.986 Sell Candidate Unchanged
Predicted Opening Price for Henderson Investment Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.131 ( 0.513%) | HK$0.130 |
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 | 0.133 | 2.05% |
| R2 | 0.132 | 1.46% |
| R1 | 0.131 | 1.10% |
| Price | 0.130 | |
| S1 | 0.130 | -0.0749% |
| S2 | 0.129 | -0.438% |
| S3 | 0.129 | -1.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.162 | 24.62% |
| R2 | 0.155 | 19.23% |
| R1 | 0.139 | 6.92% |
| Price | 0.130 | |
| S1 | 0.118 | -9.23% |
| S2 | 0.110 | -15.38% |
| S3 | 0.106 | -18.46% |
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
Click here for our free guide on how to buy Henderson Investment Limited Stock.
