Peking University Resources (Holdings) 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
On Wednesday, Peking University Resources (Holdings) stock price gained an impressive 5.56%
(Updated on Jun 26, 2024)
The Peking University Resources (Holdings) stock price gained 5.56% on the last trading day (Wednesday, 26th Jun 2024), rising from HK$0.270 to HK$0.285. During the last trading day the stock fluctuated 9.62% from a day low at HK$0.260 to a day high of HK$0.285. The price has risen in 6 of the last 10 days but is still down by -10.94% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 264 thousand more shares were traded than the day before. In total, 832 thousand shares were bought and sold for approximately HK$237.12 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.251 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 276.55% during the next 3 months and, with a 90% probability hold a price between HK$0.95 and HK$1.75 at the end of this 3-month period.
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0618.HK Signals & Forecast
The Peking University Resources (Holdings) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.304. On a fall, the stock will find some support from the long-term average at approximately HK$0.244. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Peking University Resources (Holdings) 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. Higher liquidity also reduces the general risk. 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 Thursday, May 30, 2024, and so far it has fallen -16.18%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Peking University Resources (Holdings) stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.270. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$ may give a huge drop in the stock price.
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$0.0250 between high and low, or 9.62%. For the last week, the stock has had daily average volatility of 9.12%.
Our recommended stop-loss: HK$0.267 (-6.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (0618.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Peking University Resources (Holdings) Company Limited to open at HK$0.277, and during the day (based on 14 day Average True Range), to move between HK$0.260 and HK$0.310, which gives a possible trading interval of +/-HK$0.0247 (+/-8.66%) up or down from last closing price. If Peking University Resources (Holdings) Company Limited takes out the full calculated possible swing range there will be an estimated 17.32% 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$0.270 (5.26%) than the resistance at HK$0.320 (12.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Peking University Resources (Holdings) Company Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Peking University Resources (Holdings) stock to perform well in the short-term.
Current score: 2.703 Buy Candidate Unchanged
Predicted Opening Price for Peking University Resources (Holdings) Company Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$0.277 ( 2.92%) | HK$0.285 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0618.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.302 | 5.85% |
| R2 | 0.292 | 2.50% |
| R1 | 0.286 | 0.427% |
| Price | 0.285 | |
| S1 | 0.267 | -6.27% |
| S2 | 0.261 | -8.35% |
| S3 | 0.252 | -11.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.330 | 15.79% |
| R2 | 0.325 | 14.04% |
| R1 | 0.320 | 12.28% |
| Price | 0.285 | |
| S1 | 0.270 | -5.26% |
| S2 | 0 | - |
| S3 | 0 | - |
0618 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 03, 2019 | Jul 03, 2019 | Jul 03, 2019 | HK$0.0175 | 1.90% |
FAQ
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