Value Partners Group 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
Value Partners Group Limited stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
The Value Partners Group Limited stock price fell by -1.71% on the last day (Thursday, 20th Jun 2024) from HK$1.75 to HK$1.72. During the last trading day the stock fluctuated 3.49% from a day low at HK$1.72 to a day high of HK$1.78. The price has fallen in 5 of the last 10 days and is down by -2.82% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -694 thousand shares and in total, 2 million shares were bought and sold for approximately HK$4.15 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at HK$1.67 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Value Partners Group Limited stock with a 90% probability to be traded between HK$1.69 and HK$2.13 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.
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0806.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 1.18%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Value Partners Group Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$1.86. On a fall, the stock will find some support from the short-term average at HK$1.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Value Partners Group Limited stock
Value Partners Group Limited finds support from accumulated volume at HK$1.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.0600 between high and low, or 3.49%. For the last week, the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0806.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Value Partners Group Limited to open at HK$1.74, and during the day (based on 14 day Average True Range), to move between HK$1.65 and HK$1.79, which gives a possible trading interval of +/-HK$0.0656 (+/-3.82%) up or down from last closing price. If Value Partners Group Limited takes out the full calculated possible swing range there will be an estimated 7.63% 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$1.73 (0.58%) than the support at HK$1.70 (1.16%), 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 Value Partners Group Limited stock A Buy?
Value Partners Group Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.360 Sell Candidate Downgraded
Predicted Opening Price for Value Partners Group Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$1.74 ( 1.16%) | HK$1.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0806.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.80 | 4.65% |
| R2 | 1.78 | 3.32% |
| R1 | 1.76 | 2.50% |
| Price | 1.72 | |
| S1 | 1.72 | -0.170% |
| S2 | 1.70 | -0.99% |
| S3 | 1.68 | -2.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.09 | 21.51% |
| R2 | 1.99 | 15.70% |
| R1 | 1.73 | 0.581% |
| Price | 1.72 | |
| S1 | 1.70 | -1.16% |
| S2 | 1.68 | -2.33% |
| S3 | 1.66 | -3.49% |
0806 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Jan 23, 2024 | HK$0.500 | 29.41% |
| 2 | May 03, 2023 | May 03, 2023 | May 03, 2023 | HK$0.0340 | 1.39% |
| 3 | May 03, 2022 | May 03, 2022 | May 03, 2022 | HK$0.0800 | 2.75% |
| 4 | May 04, 2021 | May 04, 2021 | May 04, 2021 | HK$0.0800 | 1.63% |
| 5 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | HK$0.130 | 4.17% |
FAQ
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