Sa Sa 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
Sa Sa International Holdings Limited stock price up 1.22% on Friday
(Updated on Jun 28, 2024)
The Sa Sa International Holdings Limited stock price gained 1.22% on the last trading day (Friday, 28th Jun 2024), rising from HK$0.82 to HK$0.83. During the last trading day the stock fluctuated 4.94% from a day low at HK$0.81 to a day high of HK$0.85. The price has risen in 6 of the last 10 days and is up by 13.7% 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, 2 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately HK$5.50 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sa Sa International Holdings Limited stock with a 90% probability to be traded between HK$0.705 and HK$0.88 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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0178.HK Signals & Forecast
The Sa Sa International Holdings 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$0.82 and HK$0.787. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical 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 Friday, June 21, 2024, and so far it has fallen -1.19%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sa Sa International Holdings Limited stock
Sa Sa International Holdings Limited finds support from accumulated volume at HK$0.82 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0400 between high and low, or 4.94%. For the last week, the stock has had daily average volatility of 3.73%.
Our recommended stop-loss: HK$0.798 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (0178.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Sa Sa International Holdings Limited to open at HK$0.83, and during the day (based on 14 day Average True Range), to move between HK$0.797 and HK$0.86, which gives a possible trading interval of +/-HK$0.0326 (+/-3.93%) up or down from last closing price. If Sa Sa International Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.86% 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$0.84 (1.20%) than the support at HK$0.82 (1.20%), 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 Sa Sa 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 Sa Sa International Holdings Limited stock to perform well in the short-term period.
Current score: 3.925 Buy Candidate Unchanged
Predicted Opening Price for Sa Sa International Holdings Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.83 ( 0.00000000%) | HK$0.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0178.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.87 | 4.82% |
| R2 | 0.85 | 2.98% |
| R1 | 0.85 | 1.84% |
| Price | 0.83 | |
| S1 | 0.81 | -1.84% |
| S2 | 0.81 | -2.98% |
| S3 | 0.790 | -4.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.86 | 3.61% |
| R2 | 0.85 | 2.41% |
| R1 | 0.84 | 1.20% |
| Price | 0.83 | |
| S1 | 0.82 | -1.20% |
| S2 | 0.81 | -2.41% |
| S3 | 0.790 | -4.82% |
0178 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 26, 2024 | Aug 26, 2024 | Sep 11, 2024 | HK$0.0500 | 6.02% |
| 2 | Sep 04, 2019 | Sep 04, 2019 | Sep 04, 2019 | HK$0.0900 | 4.74% |
| 3 | Dec 04, 2018 | Dec 04, 2018 | Dec 04, 2018 | HK$0.0700 | 2.19% |
| 4 | Sep 05, 2018 | Sep 05, 2018 | Sep 05, 2018 | HK$0.0300 | 0.787% |
| 5 | Dec 06, 2017 | Dec 06, 2017 | Dec 06, 2017 | HK$0.0350 | 1.19% |
FAQ
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