Fullshare 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
Fullshare Holdings Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Fullshare Holdings Limited stock price gained 4.49% on the last trading day (Friday, 28th Jun 2024), rising from HK$0.445 to HK$0.465. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.05% from a day low at HK$0.435 to a day high of HK$0.470. The price has fallen in 6 of the last 10 days and is down by -3.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately HK$23.31 thousand.
The stock lies in the middle of a 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 -3.09% during the next 3 months and, with a 90% probability hold a price between HK$0.387 and HK$0.482 at the end of this 3-month period.
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0607.HK Signals & Forecast
The Fullshare 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$0.426 and HK$0.458. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 16.25%. Further rise is indicated until a new top pivot has been found. Fullshare 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).
Support, Risk & Stop-loss for Fullshare Holdings Limited stock
Fullshare Holdings Limited finds support from accumulated volume at HK$0.460 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$0.0350 between high and low, or 8.05%. For the last week, the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: HK$0.446 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (0607.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Fullshare Holdings Limited to open at HK$0.457, and during the day (based on 14 day Average True Range), to move between HK$0.443 and HK$0.487, which gives a possible trading interval of +/-HK$0.0216 (+/-4.64%) up or down from last closing price. If Fullshare Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.28% 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$0.460 (1.08%) than the resistance at HK$0.475 (2.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fullshare Holdings Limited stock A Buy?
Fullshare 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: 0.150 Hold/Accumulate Upgraded
Predicted Opening Price for Fullshare Holdings Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.457 ( 1.79%) | HK$0.465 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0607.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.492 | 5.73% |
| R2 | 0.478 | 2.86% |
| R1 | 0.470 | 1.08% |
| Price | 0.465 | |
| S1 | 0.443 | -4.67% |
| S2 | 0.435 | -6.44% |
| S3 | 0.422 | -9.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.500 | 7.53% |
| R2 | 0.485 | 4.30% |
| R1 | 0.475 | 2.15% |
| Price | 0.465 | |
| S1 | 0.460 | -1.08% |
| S2 | 0.445 | -4.30% |
| S3 | 0.420 | -9.68% |
0607 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2018 | May 29, 2018 | May 29, 2018 | HK$0.0188 | 0.0097% |
| 2 | May 23, 2017 | May 23, 2017 | May 23, 2017 | HK$0.0170 | 0.0104% |
| 3 | May 24, 2016 | May 24, 2016 | May 24, 2016 | HK$0.0119 | 0.0086% |
| 4 | Sep 22, 2005 | Sep 22, 2005 | Sep 22, 2005 | HK$0.0250 | 0.0690% |
| 5 | Feb 02, 2005 | Feb 02, 2005 | Feb 02, 2005 | HK$0.0150 | 0.0278% |
FAQ
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