United Energy Group 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
United Energy Group Limited stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on Jul 03, 2024)
The United Energy Group Limited stock price gained 1.61% on the last trading day (Wednesday, 3rd Jul 2024), rising from HK$0.310 to HK$0.315. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.56% from a day low at HK$0.305 to a day high of HK$0.325. The price has fallen in 5 of the last 10 days and is down by -45.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 million more shares were traded than the day before. In total, 260 million shares were bought and sold for approximately HK$81.82 million.
The stock lies in the lower of a very 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$0.294 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.28% during the next 3 months and, with a 90% probability hold a price between HK$0.243 and HK$0.501 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0467.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 5.00%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The United Energy Group Limited 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$0.345 and HK$0.559. 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).
Support, Risk & Stop-loss for United Energy Group Limited stock
United Energy Group Limited finds support from accumulated volume at HK$0.310 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$0.0200 between high and low, or 6.56%. For the last week, the stock has had daily average volatility of 15.65%.
United Energy Group Limited is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0467.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect United Energy Group Limited to open at HK$0.315, and during the day (based on 14 day Average True Range), to move between HK$0.263 and HK$0.367, which gives a possible trading interval of +/-HK$0.0523 (+/-16.61%) up or down from last closing price. If United Energy Group Limited takes out the full calculated possible swing range there will be an estimated 33.21% 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$0.310 (1.59%) than the resistance at HK$0.375 (19.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is United Energy Group Limited stock A Buy?
United Energy Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.900 Sell Candidate Upgraded
Predicted Opening Price for United Energy Group Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$0.315 ( 0%) | HK$0.315 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0467.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.335 | 6.35% |
| R2 | 0.327 | 3.92% |
| R1 | 0.323 | 2.43% |
| Price | 0.315 | |
| S1 | 0.307 | -2.43% |
| S2 | 0.303 | -3.92% |
| S3 | 0.295 | -6.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.375 | 19.05% |
| Price | 0.315 | |
| S1 | 0.310 | -1.59% |
| S2 | 0.305 | -3.17% |
| S3 | 0.300 | -4.76% |
0467 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2023 | Jul 18, 2023 | Jul 18, 2023 | HK$0.0400 | 4.88% |
| 2 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | HK$0.0400 | 5.97% |
| 3 | Jun 07, 2021 | Jun 07, 2021 | Jun 07, 2021 | HK$0.0236 | 1.61% |
| 4 | Dec 10, 2019 | Dec 10, 2019 | Dec 10, 2019 | HK$0.0400 | 2.65% |
| 5 | Apr 24, 2018 | Apr 24, 2018 | Apr 24, 2018 | HK$0.0400 | 6.35% |
FAQ
Click here for our free guide on how to buy United Energy Group Limited Stock.
