Great Wall Pan Asia 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
Red day on Thursday for Great Wall Pan Asia Holdings Limited
(Updated on Jun 20, 2024)
No changes to the price of Great Wall Pan Asia Holdings Limited stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.320 to a day high of HK$0.320. The price has risen in 4 of the last 10 days but is still down by -3.03% for this period.
The stock lies in the middle of a 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 7.54% during the next 3 months and, with a 90% probability hold a price between HK$0.326 and HK$0.359 at the end of this 3-month period.
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0583.HK Signals & Forecast
The Great Wall Pan Asia 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$0.313 and HK$0.318. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 6.67%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Great Wall Pan Asia Holdings Limited stock
Great Wall Pan Asia Holdings Limited finds support from accumulated volume at HK$0.305 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.645%.
Our recommended stop-loss: HK$0.305 (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (0583.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Great Wall Pan Asia Holdings Limited to open at HK$0.320, and during the day (based on 14 day Average True Range), to move between HK$0.312 and HK$0.328, which gives a possible trading interval of +/-HK$0.0082 (+/-2.58%) up or down from last closing price. If Great Wall Pan Asia Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.325 (1.56%) than the support at HK$0.305 (4.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Great Wall Pan Asia Holdings Limited stock A Buy?
Great Wall Pan Asia Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.209 Hold/Accumulate Unchanged
Predicted Opening Price for Great Wall Pan Asia Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.320 ( 0%) | HK$0.320 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0583.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.320 | - |
| R2 | 0.320 | - |
| R1 | 0.320 | - |
| Price | 0.320 | |
| S1 | 0.320 | - |
| S2 | 0.320 | - |
| S3 | 0.320 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.330 | 3.13% |
| R1 | 0.325 | 1.56% |
| Price | 0.320 | |
| S1 | 0.305 | -4.69% |
| S2 | 0.300 | -6.25% |
| S3 | 0.295 | -7.81% |
0583 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 03, 2016 | Oct 03, 2016 | Oct 03, 2016 | HK$0.747 | 40.59% |
| 2 | Jun 10, 2016 | Jun 10, 2016 | Jun 10, 2016 | HK$0.0150 | 0.82% |
| 3 | Mar 17, 2016 | Mar 17, 2016 | Mar 17, 2016 | HK$1.59 | 86.65% |
| 4 | Sep 22, 2015 | Sep 22, 2015 | Sep 22, 2015 | HK$0.0130 | 0.707% |
| 5 | Jun 05, 2015 | Jun 05, 2015 | Jun 05, 2015 | HK$0.0380 | 2.07% |
FAQ
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