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
Great Wall Pan Asia Holdings Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)
The Great Wall Pan Asia Holdings Limited stock price gained 3.23% on the last trading day (Friday, 14th Jun 2024), rising from HK$0.310 to HK$0.320. 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 been going up and down for this period, and there has been a -3.03% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately HK$640.00 .
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 6.50% during the next 3 months and, with a 90% probability hold a price between HK$0.321 and HK$0.368 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$0.314 and HK$0.317. 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. Great Wall Pan Asia Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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).
A sell signal from a double top formation was found on Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -5.21% to HK$0.303 within 3 trading days since signal was issued (Monday, June 17, 2024).
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 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 0.328%.
Our recommended stop-loss: HK$0.306 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (0583.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th 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$0.311 and HK$0.329, which gives a possible trading interval of +/-HK$0.0087 (+/-2.71%) 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 5.42% 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.
Earnings coming up
Great Wall Pan Asia Holdings Limited will release earnings BMO on Thursday, June 20, 2024. We will update the financials statements for Great Wall Pan Asia Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0% in the first trading day after earnings release.
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Great Wall Pan Asia Holdings Limited of Monday, June 17, 2024
| Fair opening price June 17, 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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