Asiasec Properties 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
Asiasec Properties Limited stock price ended at HK$0.199 on Thursday, after gaining 0.505%.
(Updated on Jun 20, 2024)
The Asiasec Properties Limited stock price gained 0.505% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.198 to HK$0.199. During the last trading day the stock fluctuated 1.53% from a day low at HK$0.196 to a day high of HK$0.199. The price has been going up and down for this period, and there has been a 2.05% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 60 thousand shares were bought and sold for approximately HK$11.94 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Asiasec Properties Limited stock with a 90% probability to be traded between HK$0.166 and HK$0.206 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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0271.HK Signals & Forecast
The Asiasec Properties 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$0.196 and HK$0.196. 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). Asiasec Properties 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, May 02, 2024, and so far it has fallen -5.24%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Asiasec Properties Limited stock
Asiasec Properties Limited finds support from accumulated volume at HK$0.192 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$0.0030 between high and low, or 1.53%. For the last week the stock has had daily average volatility of 0.82%.
Our recommended stop-loss: HK$0.187 (-5.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (0271.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Asiasec Properties Limited to open at HK$0.198, and during the day (based on 14 day Average True Range), to move between HK$0.196 and HK$0.202, which gives a possible trading interval of +/-HK$0.0029 (+/-1.44%) up or down from last closing price. If Asiasec Properties Limited takes out the full calculated possible swing range there will be an estimated 2.88% 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$0.203 (2.01%) than the support at HK$0.192 (3.52%), 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 Asiasec Properties Limited stock A Buy?
Asiasec Properties Limited 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Asiasec Properties Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.198 ( 0.503%) | HK$0.199 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0271.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.201 | 1.01% |
| R2 | 0.200 | 0.429% |
| R1 | 0.199 | 0.0734% |
| Price | 0.199 | |
| S1 | 0.197 | -1.08% |
| S2 | 0.196 | -1.43% |
| S3 | 0.195 | -2.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.210 | 5.53% |
| R2 | 0.208 | 4.52% |
| R1 | 0.203 | 2.01% |
| Price | 0.199 | |
| S1 | 0.192 | -3.52% |
| S2 | 0.190 | -4.52% |
| S3 | 0.189 | -5.03% |
0271 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 10, 2021 | Nov 10, 2021 | Nov 10, 2021 | HK$0.95 | 121.79% |
| 2 | Mar 31, 2020 | Mar 31, 2020 | Mar 31, 2020 | HK$0.0250 | 2.13% |
| 3 | Mar 26, 2019 | Mar 26, 2019 | Mar 26, 2019 | HK$0.100 | 3.65% |
| 4 | Mar 27, 2018 | Mar 27, 2018 | Mar 27, 2018 | HK$0.250 | 11.79% |
| 5 | Sep 05, 2017 | Sep 05, 2017 | Sep 05, 2017 | HK$0.250 | 12.32% |
FAQ
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