K. Wah International 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
K. Wah International Holdings Limited stock price down 0.571% on Wednesday
(Updated on Jun 26, 2024)
The K. Wah International Holdings Limited stock price fell by -0.571% on the last day (Wednesday, 26th Jun 2024) from HK$1.75 to HK$1.74. During the last trading day the stock fluctuated 1.72% from a day low at HK$1.74 to a day high of HK$1.77. The price has fallen in 5 of the last 10 days and is down by -1.69% 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 -345 thousand shares and in total, 604 thousand shares were bought and sold for approximately HK$1.05 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at HK$1.71 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect K. Wah International Holdings Limited stock with a 90% probability to be traded between HK$1.73 and HK$2.03 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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0173.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.75%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The K. Wah International Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$1.75 and HK$1.86. A break-up above any of these levels will issue buy signals. 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.
A buy signal from a double bottom formation was found on Monday, June 24, 2024 and based on theory for this formation the price should go up by 29.06% to HK$2.25 within 46 trading days since signal was issued (Wednesday, August 28, 2024).
Support, Risk & Stop-loss for K. Wah International Holdings Limited stock
K. Wah International Holdings Limited finds support from accumulated volume at HK$1.73 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$0.0300 between high and low, or 1.72%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: HK$1.63 (-6.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (0173.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect K. Wah International Holdings Limited to open at HK$1.75, and during the day (based on 14 day Average True Range), to move between HK$1.70 and HK$1.78, which gives a possible trading interval of +/-HK$0.0419 (+/-2.41%) up or down from last closing price. If K. Wah International Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.82% 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$1.73 (0.57%) than the resistance at HK$1.77 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is K. Wah International Holdings Limited stock A Buy?
K. Wah International Holdings 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.
Current score: -0.215 Hold/Accumulate Unchanged
Predicted Opening Price for K. Wah International Holdings Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$1.75 ( 0.575%) | HK$1.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0173.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.78 | 2.30% |
| R2 | 1.77 | 1.64% |
| R1 | 1.76 | 1.23% |
| Price | 1.74 | |
| S1 | 1.74 | -0.0839% |
| S2 | 1.73 | -0.491% |
| S3 | 1.72 | -1.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.92 | 10.34% |
| R2 | 1.79 | 2.87% |
| R1 | 1.77 | 1.72% |
| Price | 1.74 | |
| S1 | 1.73 | -0.575% |
| S2 | 1.72 | -1.15% |
| S3 | 1.71 | -1.72% |
0173 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2024 | Jun 17, 2024 | Jul 24, 2024 | HK$0.0900 | 5.08% |
| 2 | Sep 12, 2023 | Sep 12, 2023 | Oct 26, 2023 | HK$0.0700 | 3.40% |
| 3 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | HK$0.140 | 5.62% |
| 4 | Sep 09, 2022 | Sep 09, 2022 | Sep 09, 2022 | HK$0.0700 | 2.46% |
| 5 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | HK$0.140 | 4.90% |
FAQ
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