Esprit Holdings 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
High volatility in Esprit Holdings Limited stock price on Tuesday which ended trading at HK$0.255
(Updated on May 14, 2024)
The Esprit Holdings Limited stock price fell by -10.53% on the last day (Tuesday, 14th May 2024) from HK$0.285 to HK$0.255. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 40.82% from a day low at HK$0.245 to a day high of HK$0.345. The price has fallen in 6 of the last 10 days but is still up by 30.77% over the past 2 weeks. Volume has increased on the last day by 65 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, 73 million shares were bought and sold for approximately HK$18.71 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.84% during the next 3 months and, with a 90% probability hold a price between HK$0.0798 and HK$0.284 at the end of this 3-month period.
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0330.HK Signals & Forecast
The Esprit Holdings Limited 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$0.267. On a fall, the stock will find some support from the long-term average at approximately HK$0.206. 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. 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 09, 2024, and so far it has fallen -17.74%. 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 Esprit Holdings Limited stock
Esprit Holdings Limited finds support from accumulated volume at HK$0.250 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.1000 between high and low, or 40.82%. For the last week, the stock has had daily average volatility of 24.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0330.HK) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Esprit Holdings Limited to open at HK$0.282, and during the day (based on 14 day Average True Range), to move between HK$0.218 and HK$0.292, which gives a possible trading interval of +/-HK$0.0369 (+/-14.47%) up or down from last closing price. If Esprit Holdings Limited takes out the full calculated possible swing range there will be an estimated 28.94% 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$0.250 (1.96%) than the resistance at HK$0.290 (13.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Esprit Holdings Limited stock A Buy?
Esprit Holdings Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -1.850 Sell Candidate Downgraded
Predicted Opening Price for Esprit Holdings Limited of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| HK$0.282 ( 10.46%) | HK$0.255 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0330.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.382 | 49.67 % | |
| R2 | 0.343 | 34.69 % | ||
| R1 | 0.320 | 25.44 % | ||
| Current price: | 0.255 | |||
| Support | S1 | 0.243 | -4.52 % | |
| S2 | 0.220 | -13.78 % | ||
| S3 | 0.182 | -28.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.310 | 21.57 % | |
| R2 | 0.295 | 15.69 % | ||
| R1 | 0.290 | 13.73 % | ||
| Current price | 0.255 | |||
| Support | S1 | 0.250 | -1.96% | |
| S2 | 0.237 | -7.06% | ||
| S3 | 0.229 | -10.20% |
0330 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2015 | Mar 11, 2015 | Mar 11, 2015 | HK$0.0143 | 0.195% |
| 2 | Dec 05, 2014 | Dec 05, 2014 | Dec 05, 2014 | HK$0.0380 | 0.398% |
| 3 | Mar 07, 2014 | Mar 07, 2014 | Mar 07, 2014 | HK$0.0285 | 0.193% |
| 4 | Dec 10, 2012 | Dec 10, 2012 | Dec 10, 2012 | HK$0.143 | 1.15% |
| 5 | Mar 02, 2012 | Mar 02, 2012 | Mar 02, 2012 | HK$0.228 | 1.28% |
FAQ
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