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
Evaluation of Uni-President China Holdings Ltd stock downgraded after the last trading session.
(Updated on Jun 17, 2024)
The Uni-President China Holdings Ltd stock price gained 4.20% on the last trading day (Monday, 17th Jun 2024), rising from HK$7.14 to HK$7.44. During the last trading day the stock fluctuated 5.89% from a day low at HK$7.13 to a day high of HK$7.55. The price has risen in 5 of the last 10 days and is up by 8.45% 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, 4 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately HK$85.54 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 29.06% during the next 3 months and, with a 90% probability hold a price between HK$8.67 and HK$10.19 at the end of this 3-month period.
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0220.HK Signals & Forecast
The Uni-President China Holdings Ltd 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$6.93 and HK$6.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 14.81%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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$0.420 between high and low, or 5.89%. For the last week, the stock has had daily average volatility of 4.46%.
Our recommended stop-loss: HK$7.02 (-5.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (0220.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Uni-President China Holdings Ltd to open at HK$7.37, and during the day (based on 14 day Average True Range), to move between HK$7.16 and HK$7.72, which gives a possible trading interval of +/-HK$0.278 (+/-3.73%) 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 7.47% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$7.14, some HK$0.300 (4.03%) from the current price of HK$7.44, our system finds the risk reward attractive.
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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Uni-President China Holdings Ltd of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$7.37 ( 0.90%) | HK$7.44 |
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 | 7.79 | 4.75% |
| R2 | 7.63 | 2.59% |
| R1 | 7.53 | 1.26% |
| Price | 7.44 | |
| S1 | 7.21 | -3.05% |
| S2 | 7.11 | -4.38% |
| S3 | 6.95 | -6.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 7.44 | |
| S1 | 7.14 | -4.03% |
| S2 | 6.73 | -9.54% |
| S3 | 5.63 | -24.33% |
0220 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 19, 2024 | HK$0.461 | 6.20% |
| 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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