PT International Development Corp 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
PT International Development Corp Ltd stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
No changes to the price of PT International Development Corp Ltd stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0450 to a day high of HK$0.0450. The price has been going up and down for this period, and there has been a -19.64% loss for the last 2 weeks.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.0444 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.30% during the next 3 months and, with a 90% probability hold a price between HK$0.0336 and HK$0.0407 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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0372.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PT International Development Corp Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.0476 and HK$0.0559. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PT International Development Corp Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 8.94%
PT International Development Corp Ltd is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: HK$0.0419 (-6.86%) (This stock has low daily movements and this gives low risk. Low RSI14 is 7 which reduces the risk some. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (0372.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect PT International Development Corporation Limited to open at HK$0.0450, and during the day (based on 14 day Average True Range), to move between HK$0.0420 and HK$0.0480, which gives a possible trading interval of +/-HK$0.0030 (+/-6.60%) up or down from last closing price. If PT International Development Corporation Limited takes out the full calculated possible swing range there will be an estimated 13.20% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.0490, some HK$0.0040 (8.89%) from the current price of HK$0.0450, our system finds the risk reward not very attractive.
Is PT International Development Corporation Limited stock A Buy?
PT International Development Corp Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for PT International Development Corporation Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.0450 ( 0.00000000%) | HK$0.0450 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0372.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0450 | 0.00000000% |
| R2 | 0.0450 | 0.00000000% |
| R1 | 0.0450 | 0.00000000% |
| Price | 0.0450 | |
| S1 | 0.0450 | 0.00000000% |
| S2 | 0.0450 | 0.00000000% |
| S3 | 0.0450 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0540 | 20.00% |
| R2 | 0.0520 | 15.56% |
| R1 | 0.0490 | 8.89% |
| Price | 0.0450 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
0372 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 19, 2016 | Aug 19, 2016 | Aug 19, 2016 | HK$0.0300 | 11.74% |
| 2 | Dec 10, 2015 | Dec 10, 2015 | Dec 10, 2015 | HK$0.0200 | 6.79% |
| 3 | Aug 21, 2015 | Aug 21, 2015 | Aug 21, 2015 | HK$0.0400 | 12.31% |
| 4 | Dec 12, 2014 | Dec 12, 2014 | Dec 12, 2014 | HK$0.0300 | 10.49% |
| 5 | Aug 22, 2014 | Aug 22, 2014 | Aug 22, 2014 | HK$0.0300 | 11.17% |
FAQ
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