Zhong An Real Estate 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
Volatile ride for Zhong An Real Estate Limited stock price on Wednesday moving between HK$0.106 and HK$0.117
(Updated on Jul 03, 2024)
The Zhong An Real Estate Limited stock price fell by -1.77% on the last day (Wednesday, 3rd Jul 2024) from HK$0.113 to HK$0.111. During the last trading day the stock fluctuated 10.38% from a day low at HK$0.106 to a day high of HK$0.117. The price has fallen in 6 of the last 10 days and is down by -11.9% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately HK$251.55 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$0.110 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 25.60% during the next 3 months and, with a 90% probability hold a price between HK$0.138 and HK$0.214 at the end of this 3-month period.
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0672.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Zhong An Real Estate Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.112 and HK$0.127. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -27.45%. 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). Zhong An Real Estate Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Zhong An Real Estate Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.102 and HK$0.0940. 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, Zhong An Real Estate Limited finds support just below today's level at HK$0.102. If this is broken, then the next support from accumulated volume will be at HK$0.0940 and HK$0.0900.
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$0.0110 between high and low, or 10.38%. For the last week, the stock has had daily average volatility of 6.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0672.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Zhong An Real Estate Limited to open at HK$0.111, and during the day (based on 14 day Average True Range), to move between HK$0.103 and HK$0.119, which gives a possible trading interval of +/-HK$0.0076 (+/-6.83%) up or down from last closing price. If Zhong An Real Estate Limited takes out the full calculated possible swing range there will be an estimated 13.66% 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$0.112 (0.90%) than the support at HK$0.102 (8.11%), 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 Zhong An Real Estate Limited stock A Buy?
The Zhong An Real Estate Limited stock holds several negative signals and despite the positive trend, we believe Zhong An Real Estate Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.210 Strong Sell Candidate Downgraded
Predicted Opening Price for Zhong An Real Estate Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$0.111 ( 0.300%) | HK$0.111 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0672.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.122 | 10.21% |
| R2 | 0.118 | 6.42% |
| R1 | 0.116 | 4.09% |
| Price | 0.111 | |
| S1 | 0.107 | -3.49% |
| S2 | 0.105 | -5.82% |
| S3 | 0.100 | -9.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.130 | 17.12% |
| R2 | 0.127 | 14.41% |
| R1 | 0.112 | 0.90% |
| Price | 0.111 | |
| S1 | 0.102 | -8.11% |
| S2 | 0.0940 | -15.32% |
| S3 | 0.0900 | -18.92% |
0672 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2020 | Jun 15, 2020 | Jun 15, 2020 | HK$0.0200 | 8.70% |
| 2 | Jun 10, 2014 | Jun 10, 2014 | Jun 10, 2014 | HK$0.0111 | 1.19% |
| 3 | Sep 18, 2009 | Sep 18, 2009 | Sep 18, 2009 | HK$0.0083 | 0.599% |
| 4 | May 07, 2009 | May 07, 2009 | May 07, 2009 | HK$0.0083 | 1.19% |
FAQ
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