UMP Healthcare 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
UMP Healthcare Holdings Limited stock price ended at HK$0.500 on Tuesday, after losing 0%.
(Updated on Apr 30, 2024)
No changes to the price of UMP Healthcare Holdings Limited stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.500 to a day high of HK$0.500. The price has risen in 5 of the last 10 days and is up by 2.04% over the past 2 weeks.
Given the current short-term trend, the stock is expected to fall -9.58% during the next 3 months and, with a 90% probability hold a price between HK$0.379 and HK$0.452 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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0722.HK Signals & Forecast
The UMP Healthcare 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$0.491 and HK$0.486. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 11.11%. 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 UMP Healthcare Holdings Limited stock
UMP Healthcare Holdings Limited finds support from accumulated volume at HK$0.495 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: HK$0.481 (-3.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (0722.HK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect UMP Healthcare Holdings Limited to open at HK$0.500, and during the day (based on 14 day Average True Range), to move between HK$0.488 and HK$0.512, which gives a possible trading interval of +/-HK$0.0115 (+/-2.30%) up or down from last closing price. If UMP Healthcare Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.60% 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$0.495 (1.00%) than the resistance at HK$0.510 (2.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is UMP Healthcare Holdings Limited stock A Buy?
UMP Healthcare 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: 0.881 Hold/Accumulate Unchanged
Predicted Opening Price for UMP Healthcare Holdings Limited of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
HK$0.500 ( 0%) | HK$0.500 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0722.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.500 | . | |
R2 | 0.500 | . | ||
R1 | 0.500 | . | ||
Current price: | 0.500 | |||
Support | S1 | 0.500 | . | |
S2 | 0.500 | . | ||
S3 | 0.500 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.530 | 6.00 % | |
R2 | 0.520 | 4.00 % | ||
R1 | 0.510 | 2.00 % | ||
Current price | 0.500 | |||
Support | S1 | 0.495 | -1.00% | |
S2 | 0.485 | -3.00% | ||
S3 | 0.460 | -8.00% |
0722 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Apr 19, 2024 | HK$0.0130 | 2.65% |
2 | Mar 20, 2023 | Mar 20, 2023 | Mar 20, 2023 | HK$0.0170 | 2.10% |
3 | Dec 06, 2022 | Dec 06, 2022 | Dec 06, 2022 | HK$0.0300 | 3.80% |
4 | Mar 10, 2022 | Mar 10, 2022 | Mar 10, 2022 | HK$0.0150 | 1.83% |
5 | Dec 07, 2021 | Dec 07, 2021 | Dec 07, 2021 | HK$0.0280 | 3.68% |
FAQ
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