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 price ended at HK$1.72 on Friday, after gaining 0.585%.
(Updated on Jun 14, 2024)
The Value Partners Group Limited stock price gained 0.585% on the last trading day (Friday, 14th Jun 2024), rising from HK$1.71 to HK$1.72. During the last trading day the stock fluctuated 2.35% from a day low at HK$1.70 to a day high of HK$1.74. The price has risen in 6 of the last 10 days but is still down by -3.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 481 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately HK$2.70 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$1.71 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 3.34% during the next 3 months and, with a 90% probability hold a price between HK$1.77 and HK$2.20 at the end of this 3-month period.
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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. Volume is rising along with the price. This is considered to be a good technical signal. 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 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$1.73 and HK$1.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0400 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 2.22%.
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 Monday 17th
For the upcoming trading day on Monday, 17th we expect Value Partners Group Limited to open at HK$1.72, 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$0.0708 (+/-4.12%) 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 8.24% 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?
The Value Partners Group Limited stock holds several negative signals and despite the positive trend, we believe Value Partners Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.690 Sell Candidate Unchanged
Predicted Opening Price for Value Partners Group Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$1.72 ( 0%) | 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 | 1.76 | 2.33% |
| R2 | 1.74 | 1.44% |
| R1 | 1.74 | 0.89% |
| Price | 1.72 | |
| S1 | 1.70 | -0.89% |
| S2 | 1.70 | -1.44% |
| 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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