BOE Varitronix 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
Red day on Friday for BOE Varitronix Limited
(Updated on May 17, 2024)
The BOE Varitronix Limited stock price fell by -0.669% on the last day (Friday, 17th May 2024) from HK$5.98 to HK$5.94. During the last trading day the stock fluctuated 5.57% from a day low at HK$5.74 to a day high of HK$6.06. The price has fallen in 6 of the last 10 days but is still up by 2.77% over the past 2 weeks. Volume has increased on the last day by 3 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, 4 million shares were bought and sold for approximately HK$25.96 million.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at HK$6.13 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect BOE Varitronix Limited stock with a 90% probability to be traded between HK$4.38 and HK$6.11 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0710.HK Signals & Forecast
The BOE Varitronix 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$5.90 and HK$5.07. 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, May 10, 2024, and so far it has fallen -3.10%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for BOE Varitronix Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$5.38 and HK$5.18. 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, BOE Varitronix Limited finds support just below today's level at HK$5.38. If this is broken, then the next support from accumulated volume will be at HK$5.18 and HK$4.64.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.320 between high and low, or 5.57%. For the last week, the stock has had daily average volatility of 5.74%.
Our recommended stop-loss: HK$5.74 (-3.41%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (0710.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect BOE Varitronix Limited to open at HK$5.91, and during the day (based on 14 day Average True Range), to move between HK$5.65 and HK$6.23, which gives a possible trading interval of +/-HK$0.285 (+/-4.81%) up or down from last closing price. If BOE Varitronix Limited takes out the full calculated possible swing range there will be an estimated 9.61% 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$5.98 (0.67%) than the support at HK$5.38 (9.43%), 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 BOE Varitronix Limited stock A Buy?
BOE Varitronix 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: 0.800 Hold/Accumulate Unchanged
Predicted Opening Price for BOE Varitronix Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$5.91 ( 0.449%) | HK$5.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0710.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.23 | 4.94 % | |
| R2 | 6.11 | 2.88 % | ||
| R1 | 6.04 | 1.61 % | ||
| Current price: | 5.94 | |||
| Support | S1 | 5.79 | -2.51 % | |
| S2 | 5.72 | -3.78 % | ||
| S3 | 5.59 | -5.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 6.13 | 3.20 % | ||
| R1 | 5.98 | 0.673 % | ||
| Current price | 5.94 | |||
| Support | S1 | 5.38 | -9.43% | |
| S2 | 5.18 | -12.79% | ||
| S3 | 4.64 | -21.89% |
0710 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 05, 2024 | Jul 05, 2024 | Jul 19, 2024 | HK$0.190 | 3.22% |
| 2 | Jul 05, 2023 | Jul 05, 2023 | Jul 05, 2023 | HK$0.230 | 1.97% |
| 3 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | HK$0.150 | 1.07% |
| 4 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | HK$0.0500 | 0.766% |
| 5 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | HK$0.250 | 10.96% |
FAQ
Click here for our free guide on how to buy BOE Varitronix Limited Stock.
