SIIC Environment 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
Stronger technical forecast for SIIC Environment Holdings Ltd. stock price after Thursday trading.
(Updated on May 02, 2024)
No changes to the price of SIIC Environment Holdings Ltd. stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 3.23% from a day low at HK$0.93 to a day high of HK$0.96. The price has been going up and down for this period, and there has been a 4.4% gain for the last 2 weeks.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.98 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -21.80% during the next 3 months and, with a 90% probability hold a price between HK$0.617 and HK$0.766 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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0807.HK Signals & Forecast
Mostly positive signals in the chart today. The SIIC Environment Holdings Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.93 and HK$0.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 6.74%. 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 SIIC Environment Holdings Ltd. stock
SIIC Environment Holdings Ltd. finds support from accumulated volume at HK$0.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0300 (3.23%) between high and low. For the last week, the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: HK$0.89 (-5.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (0807.HK) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect SIIC Environment Holdings Ltd. to open at HK$0.95, and during the day (based on 14 day Average True Range), to move between HK$0.92 and HK$0.98, which gives a possible trading interval of +/-HK$0.0273 (+/-2.87%) up or down from last closing price. If SIIC Environment Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 5.74% 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$0.93 (2.11%) than the resistance at HK$0.98 (3.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
SIIC Environment Holdings Ltd. will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for SIIC Environment Holdings Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.80% in the first trading day after earnings release.
Is SIIC Environment Holdings Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.540 Buy Candidate Upgraded
Predicted Opening Price for SIIC Environment Holdings Ltd. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| HK$0.95 ( 0.351%) | HK$0.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0807.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.98 | 2.81 % | |
| R2 | 0.97 | 1.60 % | ||
| R1 | 0.96 | 0.86 % | ||
| Current price: | 0.95 | |||
| Support | S1 | 0.94 | -1.56 % | |
| S2 | 0.93 | -2.30 % | ||
| S3 | 0.92 | -3.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.18 | 24.21 % | |
| R2 | 0.99 | 4.21 % | ||
| R1 | 0.98 | 3.16 % | ||
| Current price | 0.95 | |||
| Support | S1 | 0.93 | -2.11% | |
| S2 | 0.91 | -4.21% | ||
| S3 | 0.89 | -6.32% |
0807 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 31, 2024 | HK$0.0352 | 3.71% |
| 2 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | HK$0.0050 | 0.420% |
| 3 | May 19, 2023 | May 19, 2023 | May 19, 2023 | HK$0.0100 | 0.83% |
| 4 | May 18, 2023 | May 18, 2023 | May 18, 2023 | HK$0.0100 | 0.787% |
| 5 | Aug 31, 2022 | Aug 31, 2022 | Aug 31, 2022 | HK$0.0050 | 0.459% |
FAQ
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