Greatview Aseptic Packaging 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
Greatview Aseptic Packaging Co Ltd stock price ended at HK$2.08 on Wednesday, after gaining 0.97%.
(Updated on May 08, 2024)
The Greatview Aseptic Packaging Co Ltd stock price gained 0.97% on the last trading day (Wednesday, 8th May 2024), rising from HK$2.06 to HK$2.08. During the last trading day the stock fluctuated 3.45% from a day low at HK$2.03 to a day high of HK$2.10. The price has fallen in 5 of the last 10 days and is down by -2.8% for this period. Volume fell on the last day by -719 thousand shares and in total, 825 thousand shares were bought and sold for approximately HK$1.72 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a 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$2.07 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 20.49% during the next 3 months and, with a 90% probability hold a price between HK$2.49 and HK$2.78 at the end of this 3-month period.
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0468.HK Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Greatview Aseptic Packaging Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$2.11 and HK$2.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -5.02%. 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).
Support, Risk & Stop-loss for Greatview Aseptic Packaging Co Ltd stock
Greatview Aseptic Packaging Co Ltd finds support from accumulated volume at HK$2.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0700 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0468.HK) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Greatview Aseptic Packaging Company Limited to open at HK$2.07, and during the day (based on 14 day Average True Range), to move between HK$2.02 and HK$2.14, which gives a possible trading interval of +/-HK$0.0645 (+/-3.10%) up or down from last closing price. If Greatview Aseptic Packaging Company Limited takes out the full calculated possible swing range there will be an estimated 6.20% 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$2.10 (0.96%) than the support at HK$2.05 (1.44%), 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 Greatview Aseptic Packaging Company Limited stock A Buy?
The Greatview Aseptic Packaging Co Ltd stock holds several negative signals and despite the positive trend, we believe Greatview Aseptic Packaging Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.311 Sell Candidate Unchanged
Predicted Opening Price for Greatview Aseptic Packaging Company Limited of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| HK$2.07 ( 0.481%) | HK$2.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0468.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.14 | 2.88 % | |
| R2 | 2.11 | 1.60 % | ||
| R1 | 2.10 | 0.80 % | ||
| Current price: | 2.08 | |||
| Support | S1 | 2.04 | -1.77 % | |
| S2 | 2.03 | -2.56 % | ||
| S3 | 2.00 | -3.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.17 | 4.33 % | |
| R2 | 2.13 | 2.40 % | ||
| R1 | 2.10 | 0.96 % | ||
| Current price | 2.08 | |||
| Support | S1 | 2.05 | -1.44% | |
| S2 | 1.98 | -4.81% | ||
| S3 | 1.90 | -8.65% |
0468 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 03, 2024 | Jul 03, 2024 | Jul 26, 2024 | HK$0.100 | 4.88% |
| 2 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | HK$0.120 | 4.00% |
| 3 | Jun 07, 2021 | Jun 07, 2021 | Jun 07, 2021 | HK$0.140 | 3.73% |
| 4 | Sep 16, 2020 | Sep 16, 2020 | Sep 16, 2020 | HK$0.130 | 4.14% |
| 5 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | HK$0.140 | 5.28% |
FAQ
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