HKR International 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
Red day on Friday for HKR International Limited stock after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of HKR International Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 3.45% from a day low at HK$1.16 to a day high of HK$1.20. The price has fallen in 6 of the last 10 days and is down by -8.46% for this period.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at HK$1.19. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0480.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 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 HKR International 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$1.24 and HK$1.30. 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".
Support, Risk & Stop-loss for HKR International 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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0400 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0480.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect HKR International Limited to open at HK$1.18, and during the day (based on 14 day Average True Range), to move between HK$1.14 and HK$1.24, which gives a possible trading interval of +/-HK$0.0520 (+/-4.37%) up or down from last closing price. If HKR International Limited takes out the full calculated possible swing range there will be an estimated 8.74% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$1.29, some HK$0.100 (8.40%) from the current price of HK$1.19, our system finds the risk reward not very attractive.
Is HKR International Limited stock A Buy?
The HKR International Limited stock holds several negative signals and despite the positive trend, we believe HKR International Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.483 Sell Candidate Unchanged
Predicted Opening Price for HKR International Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$1.18 ( 0.560%) | HK$1.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0480.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.22 | 2.80% |
| R2 | 1.21 | 1.52% |
| R1 | 1.20 | 0.724% |
| Price | 1.19 | |
| S1 | 1.17 | -1.84% |
| S2 | 1.16 | -2.64% |
| S3 | 1.14 | -3.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.31 | 10.08% |
| R2 | 1.30 | 9.24% |
| R1 | 1.29 | 8.40% |
| Price | 1.19 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
0480 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 28, 2023 | Aug 28, 2023 | Sep 19, 2023 | HK$0.0100 | 0.617% |
| 2 | Aug 29, 2022 | Aug 29, 2022 | Aug 29, 2022 | HK$0.0500 | 1.91% |
| 3 | Nov 30, 2021 | Nov 30, 2021 | Nov 30, 2021 | HK$0.0300 | 1.03% |
| 4 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | HK$0.0500 | 1.64% |
| 5 | Dec 01, 2020 | Dec 01, 2020 | Dec 01, 2020 | HK$0.0400 | 1.12% |
FAQ
Click here for our free guide on how to buy HKR International Limited Stock.
