Century Sunshine Group 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
Century Sunshine Group Holdings Limited stock price ended at HK$0.0110 on Tuesday, after losing 0%.
(Updated on Apr 30, 2024)
No changes to the price of Century Sunshine Group Holdings Limited stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0110 to a day high of HK$0.0110. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and weak 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 3.33% during the next 3 months and, with a 90% probability hold a price between HK$0.0104 and HK$0.0137 at the end of this 3-month period.
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0509.HK Signals & Forecast
The Century Sunshine Group Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.0107 and HK$0.0109. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, April 03, 2024 and based on theory for this formation the price should go up by 12.73% to HK$0.0124 within 20 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Century Sunshine Group Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0100. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$ may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 2.00%
Our recommended stop-loss: HK$0.0106 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (0509.HK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Century Sunshine Group Holdings Limited to open at HK$0.0110, and during the day (based on 14 day Average True Range), to move between HK$0.0104 and HK$0.0116, which gives a possible trading interval of +/-HK$0.0006 (+/-5.43%) up or down from last closing price. If Century Sunshine Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.87% 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$0.0100 (9.09%) than the resistance at HK$0.0120 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Century Sunshine Group Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Century Sunshine Group Holdings Limited stock to perform well in the short-term.
Current score: 1.112 Buy Candidate Unchanged
Predicted Opening Price for Century Sunshine Group Holdings Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| HK$0.0110 ( 0.00000000%) | HK$0.0110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0509.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0110 | 0.00000000 % | |
| R2 | 0.0110 | 0.00000000 % | ||
| R1 | 0.0110 | 0.00000000 % | ||
| Current price: | 0.0110 | |||
| Support | S1 | 0.0110 | 0.00000000 % | |
| S2 | 0.0110 | 0.00000000 % | ||
| S3 | 0.0110 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0130 | 18.18 % | ||
| R1 | 0.0120 | 9.09 % | ||
| Current price | 0.0110 | |||
| Support | S1 | 0.0100 | -9.09% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
0509 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2016 | May 26, 2016 | May 26, 2016 | HK$0.0130 | 3.61% |
| 2 | Jun 11, 2015 | Jun 11, 2015 | Jun 11, 2015 | HK$0.0050 | 0.435% |
| 3 | Apr 30, 2014 | Apr 30, 2014 | Apr 30, 2014 | HK$0.0157 | 2.17% |
| 4 | May 10, 2013 | May 10, 2013 | May 10, 2013 | HK$0.0081 | 1.27% |
| 5 | May 21, 2012 | May 21, 2012 | May 21, 2012 | HK$0.0027 | 1.45% |
FAQ
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