Public Financial 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
Green day on Friday for Public Financial Holdings Limited stock after gaining 0.781%
(Updated on May 17, 2024)
The Public Financial Holdings Limited stock price gained 0.781% on the last trading day (Friday, 17th May 2024), rising from HK$1.28 to HK$1.29. 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 3.13% from a day low at HK$1.28 to a day high of HK$1.32. The price has risen in 6 of the last 10 days and is up by 5.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 194 thousand shares were bought and sold for approximately HK$250.26 thousand.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$1.28, a level that may pose a second chance to hit a runner. According to fan-theory HK$1.38 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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0626.HK Signals & Forecast
The Public Financial 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$1.26 and HK$1.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 4.88%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Public Financial 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. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Monday, March 11, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 11, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Public Financial Holdings Limited stock
Public Financial Holdings Limited finds support from accumulated volume at HK$1.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0400 (3.13%) between high and low. For the last week, the stock has had daily average volatility of 3.53%.
Our recommended stop-loss: HK$1.23 (-4.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (0626.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Public Financial Holdings Limited to open at HK$1.30, and during the day (based on 14 day Average True Range), to move between HK$1.26 and HK$1.32, which gives a possible trading interval of +/-HK$0.0298 (+/-2.31%) up or down from last closing price. If Public Financial Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.62% 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$1.30 (0.78%) than the support at HK$1.26 (2.33%), 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 Public Financial Holdings Limited stock A Buy?
Public Financial 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: 0.601 Hold/Accumulate Unchanged
Predicted Opening Price for Public Financial Holdings Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$1.30 ( 0.517%) | HK$1.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0626.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.34 | 3.62 % | |
R2 | 1.32 | 2.43 % | ||
R1 | 1.31 | 1.70 % | ||
Current price: | 1.29 | |||
Support | S1 | 1.28 | -0.668 % | |
S2 | 1.27 | -1.40 % | ||
S3 | 1.26 | -2.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 1.30 | 0.775 % | ||
Current price | 1.29 | |||
Support | S1 | 1.26 | -2.33% | |
S2 | 1.24 | -3.88% | ||
S3 | 1.22 | -5.43% |
0626 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | HK$0.0300 | 1.47% |
2 | Jan 20, 2023 | Jan 20, 2023 | Jan 20, 2023 | HK$0.110 | 4.72% |
3 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | HK$0.0500 | 2.04% |
4 | Jan 24, 2022 | Jan 24, 2022 | Jan 24, 2022 | HK$0.150 | 5.88% |
5 | Jul 15, 2021 | Jul 15, 2021 | Jul 15, 2021 | HK$0.0500 | 2.03% |
FAQ
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