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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 0322.HK
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Tingyi (Cayman Islands) Holding Corp. stock downgraded to Sell Candidate
(Updated on Jun 20, 2024)

Sell candidate since Jun 20, 2024 PDF

The Tingyi (Cayman Islands) Holding Corp. stock price fell by -1.73% on the last day (Thursday, 20th Jun 2024) from HK$9.83 to HK$9.66. During the last trading day the stock fluctuated 4.20% from a day low at HK$9.53 to a day high of HK$9.93. The price has been going up and down for this period, and there has been a -1.73% loss for the last 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately HK$110.24 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 14.83% during the next 3 months and, with a 90% probability hold a price between HK$10.68 and HK$12.75 at the end of this 3-month period.

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0322.HK Signals & Forecast

The Tingyi (Cayman Islands) Holding Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$9.53 and HK$9.65. A breakdown below any of these levels will issue sell signals. 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 16, 2024, and so far it has fallen -8.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Tingyi (Cayman Islands) Holding Corp. stock

Tingyi (Cayman Islands) Holding Corp. finds support from accumulated volume at HK$9.58 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$0.400 (4.20%) between high and low. For the last week, the stock has had daily average volatility of 4.03%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0322.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Tingyi (Cayman Islands) Holding Corp. to open at HK$9.71, and during the day (based on 14 day Average True Range), to move between HK$9.29 and HK$10.03, which gives a possible trading interval of +/-HK$0.374 (+/-3.87%) up or down from last closing price. If Tingyi (Cayman Islands) Holding Corp. takes out the full calculated possible swing range there will be an estimated 7.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at HK$9.58 (0.83%) than the resistance at HK$9.80 (1.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tingyi (Cayman Islands) Holding Corp. stock A Buy?

The Tingyi (Cayman Islands) Holding Corp. stock holds several negative signals and despite the positive trend, we believe Tingyi (Cayman Islands) Holding Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -1.288 Sell Candidate Downgraded

Predicted Opening Price for Tingyi (Cayman Islands) Holding Corp. of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
HK$9.71 ( 0.483%) HK$9.66

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 0322.HK

Fibonacci Support & Resistance Levels

Level Price
R3 10.11 4.62%
R2 9.95 3.04%
R1 9.86 2.06%
Price 9.66
S1 9.55 -1.10%
S2 9.46 -2.08%
S3 9.31 -3.66%

Accumulated Volume Support & Resistance Levels

Level Price
R3 10.52 8.90%
R2 9.83 1.76%
R1 9.80 1.45%
Price 9.66
S1 9.58 -0.83%
S2 9.55 -1.14%
S3 8.72 -9.73%

0322 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 12, 2024 Jun 12, 2024 Jul 10, 2024 HK$0.599 6.20%
2 Jun 07, 2023 Jun 07, 2023 Jun 07, 2023 HK$0.257 2.22%
3 Nov 04, 2022 Nov 04, 2022 Nov 04, 2022 HK$0.520 4.51%
4 Jun 15, 2022 Jun 15, 2022 Jun 15, 2022 HK$0.416 3.29%
5 Nov 05, 2021 Nov 05, 2021 Nov 05, 2021 HK$0.536 3.55%

FAQ

What is the symbol for Tingyi (Cayman Islands) Holding Corp. Stock and on which exchange is it traded?
The symbol for Tingyi (Cayman Islands) Holding Corp. is 0322.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Tingyi (Cayman Islands) Holding Corp. Stock?
The Tingyi (Cayman Islands) Holding Corp. stock holds several negative signals and despite the positive trend, we believe Tingyi (Cayman Islands) Holding Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

How to buy Tingyi (Cayman Islands) Holding Corp. Stock?
Tingyi (Cayman Islands) Holding Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tingyi (Cayman Islands) Holding Corp. Stock.

What's the current price of Tingyi (Cayman Islands) Holding Corp. Stock?
As of the end of day on the Jun 20, 2024, the price of an Tingyi (Cayman Islands) Holding Corp. (0322.HK) share was HK$9.66.

What is the 52-week high and low for Tingyi (Cayman Islands) Holding Corp. Stock?
The 52-week high for Tingyi (Cayman Islands) Holding Corp. Stock is HK$12.40 and the 52-week low is HK$7.07.

What is the market capitalization of Tingyi (Cayman Islands) Holding Corp. Stock?
As of the Jun 20, 2024, the market capitalization of Tingyi (Cayman Islands) Holding Corp. is 54.653B.

When is the next earnings date for Tingyi (Cayman Islands) Holding Corp.?
The upcoming earnings date for Tingyi (Cayman Islands) Holding Corp. is Aug 20, 2024.
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About Tingyi (Cayman Islands) Holding Corp.

Tingyi (Cayman Islands) Holding Corp., an investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People's Republic of China. The company operates through Instant Noodles, Beverages, and Others segments. It offers ready-to-drink teas, juices, milk tea, bottled water, and carbonated soft drinks, as well as coffee drinks/functional drinks/probiotics. The company also provides property rental a... 0322.HK Profile

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