Success Universe 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
Success Universe Group Limited stock price ended at HK$0.0880 on Friday, after losing 2.22%.
(Updated on May 31, 2024)
The Success Universe Group Limited stock price fell by -2.22% on the last day (Friday, 31st May 2024) from HK$0.0900 to HK$0.0880. During the last trading day the stock fluctuated 0% from a day low at HK$0.0880 to a day high of HK$0.0880. The price has been going up and down for this period, and there has been a -17.76% loss for the last 2 weeks. Volume has increased on the last day by 84 thousand 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, 84 thousand shares were bought and sold for approximately HK$7.39 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.07% during the next 3 months and, with a 90% probability hold a price between HK$0.0767 and HK$0.159 at the end of this 3-month period.
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0487.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Success Universe 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$0.0914 and HK$0.0942. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -30.16%. 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). Success Universe Group 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Success Universe Group Limited stock
Success Universe Group Limited finds support from accumulated volume at HK$0.0870 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: HK$0.0835 (-5.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 74 days ago.)
Trading Expectations (0487.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Success Universe Group Limited to open at HK$0.0880, and during the day (based on 14 day Average True Range), to move between HK$0.0838 and HK$0.0922, which gives a possible trading interval of +/-HK$0.0042 (+/-4.73%) up or down from last closing price. If Success Universe Group Limited takes out the full calculated possible swing range there will be an estimated 9.45% 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$0.0870 (1.14%) than the resistance at HK$0.0920 (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Success Universe Group Limited stock A Buy?
Success Universe Group Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Success Universe Group Limited of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
HK$0.0880 ( 0.00000000%) | HK$0.0880 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0487.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0880 | 0.00000000 % | |
R2 | 0.0880 | 0.00000000 % | ||
R1 | 0.0880 | 0.00000000 % | ||
Current price: | 0.0880 | |||
Support | S1 | 0.0880 | 0.00000000 % | |
S2 | 0.0880 | 0.00000000 % | ||
S3 | 0.0880 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.106 | 20.45 % | |
R2 | 0.105 | 19.32 % | ||
R1 | 0.0920 | 4.55 % | ||
Current price | 0.0880 | |||
Support | S1 | 0.0870 | -1.14% | |
S2 | 0.0860 | -2.27% | ||
S3 | 0.0790 | -10.23% |
0487 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 06, 2006 | Jul 06, 2006 | Jul 06, 2006 | HK$0.0015 | 0.156% |
FAQ
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