ASM Pacific Technology 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
ASM Pacific Technology Limited stock price ended at HK$92.90 on Tuesday, after losing 2.52%.
(Updated on May 21, 2024)
The ASM Pacific Technology Limited stock price fell by -2.52% on the last day (Tuesday, 21st May 2024) from HK$95.30 to HK$92.90. During the last trading day the stock fluctuated 3.42% from a day low at HK$92.00 to a day high of HK$95.15. The price has fallen in 7 of the last 10 days and is down by -11.1% 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 -592 thousand shares and in total, 989 thousand shares were bought and sold for approximately HK$91.85 million.
Given the current short-term trend, the stock is expected to rise 3.72% during the next 3 months and, with a 90% probability hold a price between HK$96.36 and HK$119.17 at the end of this 3-month period.
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0522.HK Signals & Forecast
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. The ASM Pacific Technology 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$96.21 and HK$100.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -17.71%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ASM Pacific Technology Limited stock
ASM Pacific Technology Limited finds support from accumulated volume at HK$91.95 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$3.15 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: HK$87.08 (-6.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (0522.HK) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect ASM Pacific Technology Limited to open at HK$93.35, and during the day (based on 14 day Average True Range), to move between HK$88.80 and HK$97.00, which gives a possible trading interval of +/-HK$4.10 (+/-4.41%) up or down from last closing price. If ASM Pacific Technology Limited takes out the full calculated possible swing range there will be an estimated 8.82% 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$91.95 (1.02%) than the resistance at HK$99.00 (6.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ASM Pacific Technology Limited stock A Buy?
ASM Pacific Technology 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: -0.379 Hold/Accumulate Unchanged
Predicted Opening Price for ASM Pacific Technology Limited of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| HK$93.35 ( 0.484%) | HK$92.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0522.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.50 | 3.88 % | |
| R2 | 95.30 | 2.58 % | ||
| R1 | 94.55 | 1.78 % | ||
| Current price: | 92.90 | |||
| Support | S1 | 92.15 | -0.81 % | |
| S2 | 91.40 | -1.61 % | ||
| S3 | 90.20 | -2.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.30 | 16.58 % | |
| R2 | 105.50 | 13.56 % | ||
| R1 | 99.00 | 6.57 % | ||
| Current price | 92.90 | |||
| Support | S1 | 91.95 | -1.02% | |
| S2 | 91.35 | -1.67% | ||
| S3 | 90.00 | -3.12% |
0522 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 31, 2024 | HK$0.780 | 0.84% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | HK$1.90 | 3.26% |
| 3 | Aug 12, 2022 | Aug 12, 2022 | Aug 12, 2022 | HK$1.30 | 2.00% |
| 4 | May 12, 2022 | May 12, 2022 | May 12, 2022 | HK$2.60 | 3.50% |
| 5 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | HK$1.30 | 1.30% |
FAQ
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