CMMB Vision 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
CMMB Vision Holdings Limited stock downgraded from Sell Candidate to Strong Sell Candidate after Monday trading session.
(Updated on Jun 17, 2024)
The CMMB Vision Holdings Limited stock price fell by -4.12% on the last day (Monday, 17th Jun 2024) from HK$0.0970 to HK$0.0930. During the last trading day the stock fluctuated 7.78% from a day low at HK$0.0900 to a day high of HK$0.0970. The price has fallen in 5 of the last 10 days and is down by -18.42% for this period. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately HK$292.02 thousand.
The stock lies the upper part of a very wide and falling 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$0.0981 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -46.85% during the next 3 months and, with a 90% probability hold a price between HK$0.0354 and HK$0.0521 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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0471.HK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CMMB Vision Holdings 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$0.0987 and HK$0.118. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -34.51%. Further fall is indicated until a new bottom pivot has been found. CMMB Vision Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for CMMB Vision Holdings Limited 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.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0070 between high and low, or 7.78%. For the last week, the stock has had daily average volatility of 7.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0471.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect CMMB Vision Holdings Limited to open at HK$0.0933, and during the day (based on 14 day Average True Range), to move between HK$0.0819 and HK$0.104, which gives a possible trading interval of +/-HK$0.0111 (+/-11.97%) up or down from last closing price. If CMMB Vision Holdings Limited takes out the full calculated possible swing range there will be an estimated 23.93% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.0990, some HK$0.0060 (6.45%) from the current price of HK$0.0930, our system finds the risk reward not very attractive.
Is CMMB Vision Holdings Limited stock A Buy?
CMMB Vision Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.725 Strong Sell Candidate Downgraded
Predicted Opening Price for CMMB Vision Holdings Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$0.0933 ( 0.358%) | HK$0.0930 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0471.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.100 | 7.89% |
| R2 | 0.0977 | 5.01% |
| R1 | 0.0960 | 3.23% |
| Price | 0.0930 | |
| S1 | 0.0907 | -2.52% |
| S2 | 0.0890 | -4.29% |
| S3 | 0.0863 | -7.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.102 | 9.68% |
| R2 | 0.100 | 7.53% |
| R1 | 0.0990 | 6.45% |
| Price | 0.0930 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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