AV Concept 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
AV Concept Holdings Limited stock price ended at HK$0.460 on Tuesday, after losing 1.08%.
(Updated on Jun 18, 2024)
The AV Concept Holdings Limited stock price fell by -1.08% on the last day (Tuesday, 18th Jun 2024) from HK$0.465 to HK$0.460. During the last trading day the stock fluctuated 3.33% from a day low at HK$0.450 to a day high of HK$0.465. The price has fallen in 4 of the last 10 days but is still up by 17.95% over the past 2 weeks. 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 -5 million shares and in total, 546 thousand shares were bought and sold for approximately HK$251.16 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.53% during the next 3 months and, with a 90% probability hold a price between HK$0.343 and HK$0.472 at the end of this 3-month period.
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0595.HK Signals & Forecast
The AV Concept Holdings 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$0.414 and HK$0.393. 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 Friday, June 14, 2024, and so far it has fallen -7.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for AV Concept Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.410 and HK$0.395. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AV Concept Holdings Limited finds support just below today's level at HK$0.410. If this is broken, then the next support from accumulated volume will be at HK$0.395 and HK$0.380.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0150 between high and low, or 3.33%. For the last week the stock has had daily average volatility of 9.87%.
Our recommended stop-loss: HK$0.434 (-5.70%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (0595.HK) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect AV Concept Holdings Limited to open at HK$0.458, and during the day (based on 14 day Average True Range), to move between HK$0.430 and HK$0.490, which gives a possible trading interval of +/-HK$0.0296 (+/-6.43%) up or down from last closing price. If AV Concept Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.87% 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$0.465 (1.09%) than the support at HK$0.410 (10.87%), 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 AV Concept Holdings Limited stock A Buy?
AV Concept 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: 0.415 Hold/Accumulate Unchanged
Predicted Opening Price for AV Concept Holdings Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| HK$0.458 ( 0.362%) | HK$0.460 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0595.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.473 | 2.90% |
| R2 | 0.468 | 1.65% |
| R1 | 0.464 | 0.88% |
| Price | 0.460 | |
| S1 | 0.453 | -1.61% |
| S2 | 0.449 | -2.38% |
| S3 | 0.443 | -3.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.495 | 7.61% |
| R1 | 0.465 | 1.09% |
| Price | 0.460 | |
| S1 | 0.410 | -10.87% |
| S2 | 0.395 | -14.13% |
| S3 | 0.380 | -17.39% |
0595 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | HK$0.0100 | 2.41% |
| 2 | Dec 13, 2022 | Dec 13, 2022 | Dec 13, 2022 | HK$0.0100 | 2.08% |
| 3 | Sep 06, 2022 | Sep 06, 2022 | Sep 06, 2022 | HK$0.0400 | 7.84% |
| 4 | Dec 13, 2021 | Dec 13, 2021 | Dec 13, 2021 | HK$0.0100 | 1.79% |
| 5 | Aug 31, 2021 | Aug 31, 2021 | Aug 31, 2021 | HK$0.0300 | 5.45% |
FAQ
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