SmarTone Telecommunications 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 SmarTone Telecommunications Holdings Ltd as stock downgraded to Hold/Accumulate.
(Updated on May 21, 2024)
The SmarTone Telecommunications Holdings Ltd stock price fell by -1.80% on the last day (Tuesday, 21st May 2024) from HK$3.89 to HK$3.82. During the last trading day the stock fluctuated 1.84% from a day low at HK$3.80 to a day high of HK$3.87. The price has risen in 7 of the last 10 days and is up by 4.66% over the past 2 weeks. 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 -419 thousand shares and in total, 571 thousand shares were bought and sold for approximately HK$2.18 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$3.88 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.26% during the next 3 months and, with a 90% probability hold a price between HK$3.17 and HK$3.56 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0315.HK Signals & Forecast
The SmarTone Telecommunications 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$3.83. On a fall, the stock will find some support from the long-term average at approximately HK$3.75. 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). 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, May 20, 2024, and so far it has fallen -1.80%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SmarTone Telecommunications Holdings Ltd stock
SmarTone Telecommunications Holdings Ltd finds support from accumulated volume at HK$3.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0700 (1.84%) between high and low. For the last week, the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: HK$3.68 (-3.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (0315.HK) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect SmarTone Telecommunications Holdings Limited to open at HK$3.83, and during the day (based on 14 day Average True Range), to move between HK$3.76 and HK$3.88, which gives a possible trading interval of +/-HK$0.0627 (+/-1.64%) up or down from last closing price. If SmarTone Telecommunications Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.28% 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$3.83 (0.26%) than the support at HK$3.80 (0.52%), 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 SmarTone Telecommunications Holdings Limited stock A Buy?
SmarTone Telecommunications 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: -0.211 Hold/Accumulate Downgraded
Predicted Opening Price for SmarTone Telecommunications Holdings Limited of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| HK$3.83 ( 0.262%) | HK$3.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0315.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.90 | 2.09 % | |
| R2 | 3.87 | 1.39 % | ||
| R1 | 3.86 | 0.96 % | ||
| Current price: | 3.82 | |||
| Support | S1 | 3.80 | -0.438 % | |
| S2 | 3.79 | -0.87 % | ||
| S3 | 3.76 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.85 | 0.785 % | |
| R2 | 3.84 | 0.524 % | ||
| R1 | 3.83 | 0.262 % | ||
| Current price | 3.82 | |||
| Support | S1 | 3.80 | -0.524% | |
| S2 | 3.65 | -4.45% | ||
| S3 | 3.64 | -4.71% |
0315 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 05, 2024 | Mar 18, 2024 | HK$0.145 | 3.73% |
| 2 | Mar 06, 2023 | Mar 06, 2023 | Mar 06, 2023 | HK$0.145 | 2.87% |
| 3 | Nov 07, 2022 | Nov 07, 2022 | Nov 07, 2022 | HK$0.155 | 3.99% |
| 4 | Mar 07, 2022 | Mar 07, 2022 | Mar 07, 2022 | HK$0.145 | 3.45% |
| 5 | Nov 08, 2021 | Nov 08, 2021 | Nov 08, 2021 | HK$0.155 | 3.60% |
FAQ
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