Asia Allied Infrastructure Holdings Ltd 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 Wednesday for Asia Allied Infrastructure Holdings Ltd
(Updated on Jun 26, 2024)
No changes to the price of Asia Allied Infrastructure Holdings Ltd stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 2.20% from a day low at HK$0.455 to a day high of HK$0.465. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a 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 -5.09% during the next 3 months and, with a 90% probability hold a price between HK$0.421 and HK$0.448 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0711.HK Signals & Forecast
There are mixed signals in the stock today. The Asia Allied Infrastructure Holdings Ltd 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$0.462 and HK$0.468. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 2.22%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
Support, Risk & Stop-loss for Asia Allied Infrastructure Holdings Ltd stock
Asia Allied Infrastructure Holdings Ltd finds support from accumulated volume at HK$0.455 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0100 between high and low, or 2.20%. For the last week the stock has had daily average volatility of 1.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0711.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Asia Allied Infrastructure Holdings Limited to open at HK$0.460, and during the day (based on 14 day Average True Range), to move between HK$0.453 and HK$0.467, which gives a possible trading interval of +/-HK$0.0069 (+/-1.50%) up or down from last closing price. If Asia Allied Infrastructure Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.00% 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$0.455 (1.09%) than the resistance at HK$0.470 (2.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Asia Allied Infrastructure Holdings Limited stock A Buy?
Asia Allied Infrastructure Holdings Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.399 Sell Candidate Unchanged
Predicted Opening Price for Asia Allied Infrastructure Holdings Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$0.460 ( 0%) | HK$0.460 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0711.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.470 | 2.17% |
| R2 | 0.466 | 1.34% |
| R1 | 0.464 | 0.83% |
| Price | 0.460 | |
| S1 | 0.456 | -0.83% |
| S2 | 0.454 | -1.34% |
| S3 | 0.450 | -2.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.480 | 4.35% |
| R2 | 0.475 | 3.26% |
| R1 | 0.470 | 2.17% |
| Price | 0.460 | |
| S1 | 0.455 | -1.09% |
| S2 | 0.450 | -2.17% |
| S3 | 0 | - |
0711 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2023 | Dec 19, 2023 | Jan 05, 2024 | HK$0.0113 | 2.28% |
| 2 | Aug 25, 2023 | Aug 25, 2023 | Sep 11, 2023 | HK$0.0105 | 1.98% |
| 3 | Dec 15, 2022 | Dec 15, 2022 | Dec 15, 2022 | HK$0.0067 | 1.28% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | HK$0.0110 | 1.86% |
| 5 | Dec 20, 2021 | Dec 20, 2021 | Dec 20, 2021 | HK$0.0088 | 1.47% |
FAQ
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