Shanghai Industrial 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
Shanghai Industrial Holdings Limited stock price ended at HK$11.28 on Monday, after losing 0.177%.
(Updated on May 06, 2024)
The Shanghai Industrial Holdings Limited stock price fell by -0.177% on the last day (Monday, 6th May 2024) from HK$11.30 to HK$11.28. During the last trading day the stock fluctuated 1.42% from a day low at HK$11.24 to a day high of HK$11.40. The price has risen in 6 of the last 10 days and is up by 6.02% over the past 2 weeks. Volume has increased on the last day by 381 thousand 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, 871 thousand shares were bought and sold for approximately HK$9.82 million.
The stock lies in the upper part of a wide and strong rising 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$11.32 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.72% during the next 3 months and, with a 90% probability hold a price between HK$11.30 and HK$12.76 at the end of this 3-month period.
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0363.HK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -0.177%. 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. The Shanghai Industrial Holdings 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$11.09 and HK$10.60. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Thursday, February 15, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, February 15, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Shanghai Industrial Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$10.36 and HK$10.02. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Shanghai Industrial Holdings Limited finds support just below today's level at HK$10.36. If this is broken, then the next support from accumulated volume will be at HK$10.02 and HK$9.97.
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$0.160 (1.42%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: HK$10.97 (-2.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (0363.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Shanghai Industrial Holdings Limited to open at HK$11.31, and during the day (based on 14 day Average True Range), to move between HK$11.04 and HK$11.52, which gives a possible trading interval of +/-HK$0.244 (+/-2.17%) up or down from last closing price. If Shanghai Industrial Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.33% 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$11.30 (0.18%) than the support at HK$10.36 (8.16%), 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 Shanghai Industrial Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shanghai Industrial Holdings Limited stock to perform well in the short-term.
Current score: 2.702 Buy Candidate Unchanged
Predicted Opening Price for Shanghai Industrial Holdings Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$11.31 ( 0.236%) | HK$11.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0363.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.47 | 1.65 % | |
| R2 | 11.41 | 1.11 % | ||
| R1 | 11.37 | 0.778 % | ||
| Current price: | 11.28 | |||
| Support | S1 | 11.25 | -0.305 % | |
| S2 | 11.21 | -0.640 % | ||
| S3 | 11.15 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 11.30 | 0.177 % | ||
| Current price | 11.28 | |||
| Support | S1 | 10.36 | -8.16% | |
| S2 | 10.02 | -11.17% | ||
| S3 | 9.97 | -11.61% |
0363 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 14, 2024 | HK$0.520 | 4.60% |
| 2 | Sep 22, 2023 | Sep 22, 2023 | Sep 22, 2023 | HK$0.420 | 4.17% |
| 3 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | HK$0.500 | 4.83% |
| 4 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | HK$0.420 | 4.34% |
| 5 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | HK$0.540 | 4.70% |
FAQ
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