Hypebeast 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
Hypebeast Limited stock upgraded from Buy Candidate to Strong Buy Candidate after Monday trading session.
(Updated on Jun 17, 2024)
The Hypebeast Limited stock price gained 2.04% on the last trading day (Monday, 17th Jun 2024), rising from HK$0.245 to HK$0.250. During the last trading day the stock fluctuated 4.00% from a day low at HK$0.250 to a day high of HK$0.260. The price has risen in 4 of the last 10 days and is up by 5.49% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately HK$1.45 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.244 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.91% during the next 3 months and, with a 90% probability hold a price between HK$0.288 and HK$0.328 at the end of this 3-month period.
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0150.HK Signals & Forecast
The Hypebeast Limited 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$0.245 and HK$0.239. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 13.64%. Further rise is indicated until a new top pivot has been found. Hypebeast Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hypebeast Limited stock
Hypebeast Limited finds support from accumulated volume at HK$0.245 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0100 between high and low, or 4.00%. For the last week the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: HK$0.241 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (0150.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Hypebeast Limited to open at HK$0.253, and during the day (based on 14 day Average True Range), to move between HK$0.243 and HK$0.257, which gives a possible trading interval of +/-HK$0.0075 (+/-3.00%) up or down from last closing price. If Hypebeast Limited takes out the full calculated possible swing range there will be an estimated 6.00% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.245, some HK$0.0050 (2.00%) from the current price of HK$0.250, our system finds the risk reward attractive.
Is Hypebeast Limited stock A Buy?
Hypebeast Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.384 Strong Buy Candidate Upgraded
Predicted Opening Price for Hypebeast Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$0.253 ( 1.33%) | HK$0.250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0150.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.263 | 5.33% |
| R2 | 0.260 | 3.81% |
| R1 | 0.257 | 2.86% |
| Price | 0.250 | |
| S1 | 0.250 | -0.195% |
| S2 | 0.247 | -1.14% |
| S3 | 0.243 | -2.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.250 | |
| S1 | 0.245 | -2.00% |
| S2 | 0.220 | -12.00% |
| S3 | 0.210 | -16.00% |
0150 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 14, 2019 | Aug 14, 2019 | Aug 14, 2019 | HK$0.0024 | 0.247% |
FAQ
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