Television Broadcasts 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
Green day on Friday for Television Broadcasts Limited
(Updated on May 03, 2024)
The Television Broadcasts Limited stock price gained 1.43% on the last trading day (Friday, 3rd May 2024), rising from HK$3.49 to HK$3.54. During the last trading day the stock fluctuated 7.04% from a day low at HK$3.41 to a day high of HK$3.65. The price has risen in 7 of the last 10 days and is up by 21.23% over the past 2 weeks. Volume fell on the last day by -108 thousand shares and in total, 2 million shares were bought and sold for approximately HK$7.96 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at HK$3.71 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Television Broadcasts Limited stock with a 90% probability to be traded between HK$2.82 and HK$3.66 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0511.HK Signals & Forecast
Mostly positive signals in the chart today. The Television Broadcasts Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$3.33 and HK$3.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 23.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Television Broadcasts Limited stock
Television Broadcasts Limited finds support from accumulated volume at HK$3.52 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$0.240 between high and low, or 7.04%. For the last week, the stock has had daily average volatility of 6.43%.
The Television Broadcasts Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: HK$3.44 (-2.88%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (0511.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Television Broadcasts Limited to open at HK$3.53, and during the day (based on 14 day Average True Range), to move between HK$3.39 and HK$3.69, which gives a possible trading interval of +/-HK$0.154 (+/-4.35%) up or down from last closing price. If Television Broadcasts Limited takes out the full calculated possible swing range there will be an estimated 8.69% 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$3.52 (0.56%) than the resistance at HK$3.59 (1.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Television Broadcasts Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Television Broadcasts Limited stock to perform well in the short-term period.
Current score: 2.084 Buy Candidate Unchanged
Predicted Opening Price for Television Broadcasts Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$3.53 ( 0.188%) | HK$3.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0511.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.77 | 6.59 % | |
| R2 | 3.68 | 4.00 % | ||
| R1 | 3.63 | 2.40 % | ||
| Current price: | 3.54 | |||
| Support | S1 | 3.44 | -2.78 % | |
| S2 | 3.39 | -4.38 % | ||
| S3 | 3.29 | -6.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.73 | 5.37 % | |
| R2 | 3.66 | 3.39 % | ||
| R1 | 3.59 | 1.41 % | ||
| Current price | 3.54 | |||
| Support | S1 | 3.52 | -0.565% | |
| S2 | 3.47 | -1.98% | ||
| S3 | 3.08 | -12.99% |
0511 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2020 | Jun 01, 2020 | Jun 01, 2020 | HK$0.200 | 2.01% |
| 2 | Sep 17, 2019 | Sep 17, 2019 | Sep 17, 2019 | HK$0.300 | 2.35% |
| 3 | May 24, 2019 | May 24, 2019 | May 24, 2019 | HK$0.700 | 5.19% |
| 4 | Sep 17, 2018 | Sep 17, 2018 | Sep 17, 2018 | HK$0.300 | 1.33% |
| 5 | May 25, 2018 | May 25, 2018 | May 25, 2018 | HK$0.700 | 2.78% |
FAQ
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