Uni-President China Holdings Ltd 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
Weaker technical forecast for Uni-President China Holdings Ltd as stock downgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)
The Uni-President China Holdings Ltd stock price gained 0.701% on the last trading day (Wednesday, 26th Jun 2024), rising from HK$7.13 to HK$7.18. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.42% from a day low at HK$7.01 to a day high of HK$7.25. The price has risen in 6 of the last 10 days and is up by 5.59% 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, 977 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately HK$38.57 million.
The stock lies in the middle of a 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 30.86% during the next 3 months and, with a 90% probability hold a price between HK$9.01 and HK$10.02 at the end of this 3-month period.
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0220.HK Signals & Forecast
The Uni-President China Holdings Ltd 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$7.19. On a fall, the stock will find some support from the long-term average at approximately HK$6.96. 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. 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 Monday, June 17, 2024, and so far it has fallen -3.49%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Uni-President China Holdings Ltd stock
Uni-President China Holdings Ltd finds support from accumulated volume at HK$7.14 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$0.240 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 4.80%.
Our recommended stop-loss: HK$6.89 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (0220.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Uni-President China Holdings Ltd to open at HK$7.15, and during the day (based on 14 day Average True Range), to move between HK$6.89 and HK$7.47, which gives a possible trading interval of +/-HK$0.290 (+/-4.04%) up or down from last closing price. If Uni-President China Holdings Ltd takes out the full calculated possible swing range there will be an estimated 8.08% 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$7.21 (0.42%) than the support at HK$7.14 (0.56%), 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 Uni-President China Holdings Ltd stock A Buy?
Uni-President China Holdings Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.965 Hold/Accumulate Downgraded
Predicted Opening Price for Uni-President China Holdings Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$7.15 ( 0.464%) | HK$7.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0220.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.39 | 2.88% |
| R2 | 7.29 | 1.60% |
| R1 | 7.24 | 0.81% |
| Price | 7.18 | |
| S1 | 7.05 | -1.74% |
| S2 | 7.00 | -2.53% |
| S3 | 6.91 | -3.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.32 | 1.95% |
| R2 | 7.24 | 0.84% |
| R1 | 7.21 | 0.418% |
| Price | 7.18 | |
| S1 | 7.14 | -0.557% |
| S2 | 6.86 | -4.46% |
| S3 | 6.73 | -6.27% |
0220 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 19, 2024 | HK$0.461 | 6.22% |
| 2 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | HK$0.376 | 5.53% |
| 3 | May 31, 2022 | May 31, 2022 | May 31, 2022 | HK$0.490 | 7.72% |
| 4 | May 25, 2021 | May 25, 2021 | May 25, 2021 | HK$0.454 | 5.60% |
| 5 | May 26, 2020 | May 26, 2020 | May 26, 2020 | HK$0.346 | 4.31% |
FAQ
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