Regal International Airport Group Co 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
On Wednesday, Regal International Airport Group Co Ltd stock price gained an impressive 6.51%
(Updated on Jul 03, 2024)
The Regal International Airport Group Co Ltd stock price gained 6.51% on the last trading day (Wednesday, 3rd Jul 2024), rising from HK$7.37 to HK$7.85. During the last trading day the stock fluctuated 8.04% from a day low at HK$7.34 to a day high of HK$7.93. The price has fallen in 6 of the last 10 days and is down by -5.31% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 857 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately HK$13.15 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$7.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.55% during the next 3 months and, with a 90% probability hold a price between HK$8.92 and HK$12.58 at the end of this 3-month period.
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0357.HK Signals & Forecast
There are mixed signals in the stock today. The Regal International Airport Group Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$8.63. On a fall, the stock will find some support from the short-term average at HK$7.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -19.90%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Regal International Airport Group Co Ltd stock
Regal International Airport Group Co Ltd finds support from accumulated volume at HK$7.70 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$0.590 between high and low, or 8.04%. For the last week, the stock has had daily average volatility of 5.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0357.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Regal International Airport Group Company Limited to open at HK$7.71, and during the day (based on 14 day Average True Range), to move between HK$7.46 and HK$8.24, which gives a possible trading interval of +/-HK$0.394 (+/-5.02%) up or down from last closing price. If Regal International Airport Group Company Limited takes out the full calculated possible swing range there will be an estimated 10.05% 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$7.70 (1.91%) than the resistance at HK$8.04 (2.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Regal International Airport Group Company Limited stock A Buy?
Regal International Airport Group Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.105 Sell Candidate Unchanged
Predicted Opening Price for Regal International Airport Group Company Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$7.71 ( 1.83%) | HK$7.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0357.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.30 | 5.69% |
| R2 | 8.07 | 2.82% |
| R1 | 7.93 | 1.05% |
| Price | 7.85 | |
| S1 | 7.48 | -4.70% |
| S2 | 7.34 | -6.47% |
| S3 | 7.12 | -9.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.70 | 23.57% |
| R2 | 8.60 | 9.55% |
| R1 | 8.04 | 2.42% |
| Price | 7.85 | |
| S1 | 7.70 | -1.91% |
| S2 | 7.53 | -4.08% |
| S3 | 6.54 | -16.69% |
0357 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 23, 2018 | Oct 23, 2018 | Oct 23, 2018 | HK$0.170 | 2.55% |
| 2 | Jun 06, 2018 | Jun 06, 2018 | Jun 06, 2018 | HK$0.111 | 1.15% |
| 3 | Oct 23, 2017 | Oct 23, 2017 | Oct 23, 2017 | HK$0.159 | 1.99% |
| 4 | May 22, 2017 | May 22, 2017 | May 22, 2017 | HK$0.0827 | 1.29% |
| 5 | Oct 18, 2016 | Oct 18, 2016 | Oct 18, 2016 | HK$0.109 | 1.28% |
FAQ
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