United Company RUSAL Plc 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 Company RUSAL Plc stock price ended at HK$2.45 on Monday, after losing 4.67%.
(Updated on Jun 17, 2024)
The United Company RUSAL Plc stock price fell by -4.67% on the last day (Monday, 17th Jun 2024) from HK$2.57 to HK$2.45. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.12% from a day low at HK$2.45 to a day high of HK$2.60. The price has fallen in 8 of the last 10 days and is down by -10.91% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 606 thousand shares were bought and sold for approximately HK$1.48 million.
Given the current short-term trend, the stock is expected to rise 9.28% during the next 3 months and, with a 90% probability hold a price between HK$2.68 and HK$3.43 at the end of this 3-month period.
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0486.HK Signals & Forecast
There are few to no technical positive signals at the moment. The United Company RUSAL Plc 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$2.60 and HK$2.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -16.38%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for United Company RUSAL Plc stock
United Company RUSAL Plc finds support from accumulated volume at HK$2.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.150 between high and low, or 6.12%. For the last week the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0486.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect United Company RUSAL Plc to open at HK$2.50, and during the day (based on 14 day Average True Range), to move between HK$2.34 and HK$2.56, which gives a possible trading interval of +/-HK$0.110 (+/-4.48%) up or down from last closing price. If United Company RUSAL Plc takes out the full calculated possible swing range there will be an estimated 8.96% 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$2.39 (2.45%) than the resistance at HK$2.53 (3.27%), 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 Company RUSAL Plc stock A Buy?
The United Company RUSAL Plc stock holds several negative signals and despite the positive trend, we believe United Company RUSAL Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.696 Sell Candidate Unchanged
Predicted Opening Price for United Company RUSAL Plc of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$2.50 ( 2.04%) | HK$2.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0486.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.65 | 8.16% |
| R2 | 2.59 | 5.82% |
| R1 | 2.56 | 4.38% |
| Price | 2.45 | |
| S1 | 2.44 | -0.298% |
| S2 | 2.41 | -1.74% |
| S3 | 2.35 | -4.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.93 | 19.59% |
| R2 | 2.57 | 4.90% |
| R1 | 2.53 | 3.27% |
| Price | 2.45 | |
| S1 | 2.39 | -2.45% |
| S2 | 2.32 | -5.31% |
| S3 | 2.30 | -6.12% |
0486 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 19, 2022 | Oct 19, 2022 | Oct 19, 2022 | HK$0.0200 | 0.597% |
| 2 | Oct 17, 2022 | Oct 17, 2022 | Oct 17, 2022 | HK$0.0200 | 0.597% |
| 3 | Sep 07, 2017 | Sep 07, 2017 | Sep 07, 2017 | HK$0.0197 | 0.351% |
| 4 | Sep 29, 2016 | Sep 29, 2016 | Sep 29, 2016 | HK$0.0165 | 0.648% |
| 5 | Oct 27, 2015 | Oct 27, 2015 | Oct 27, 2015 | HK$0.0165 | 0.533% |
FAQ
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