MicroPort Scientific Corporation 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
Green day on Monday for MicroPort Scientific Corporation stock after gaining 1.95%
(Updated on May 06, 2024)
The MicroPort Scientific Corporation stock price gained 1.95% on the last trading day (Monday, 6th May 2024), rising from HK$6.65 to HK$6.78. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.58% from a day low at HK$6.55 to a day high of HK$6.85. The price has risen in 9 of the last 10 days and is up by 27.68% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately HK$80.21 million.
The stock lies the upper part of a very 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$7.08 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 -16.59% during the next 3 months and, with a 90% probability hold a price between HK$4.22 and HK$5.90 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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0853.HK Signals & Forecast
Mostly positive signals in the chart today. The MicroPort Scientific Corporation 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$6.32 and HK$6.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 27.68%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for MicroPort Scientific Corporation stock
MicroPort Scientific Corporation finds support from accumulated volume at HK$6.58 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$0.300 between high and low, or 4.58%. For the last week, the stock has had daily average volatility of 6.41%.
Since the MicroPort Scientific Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: HK$6.54 (-3.56%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (0853.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect MicroPort Scientific Corporation to open at HK$6.73, and during the day (based on 14 day Average True Range), to move between HK$6.39 and HK$7.17, which gives a possible trading interval of +/-HK$0.393 (+/-5.79%) up or down from last closing price. If MicroPort Scientific Corporation takes out the full calculated possible swing range there will be an estimated 11.58% 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$6.58 (2.95%) than the resistance at HK$7.50 (10.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MicroPort Scientific Corporation 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.
Current score: 3.332 Buy Candidate Unchanged
Predicted Opening Price for MicroPort Scientific Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$6.73 ( 0.787%) | HK$6.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0853.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.03 | 3.64 % | |
| R2 | 6.91 | 1.95 % | ||
| R1 | 6.84 | 0.90 % | ||
| Current price: | 6.78 | |||
| Support | S1 | 6.61 | -2.48 % | |
| S2 | 6.54 | -3.52 % | ||
| S3 | 6.43 | -5.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.73 | 14.01 % | |
| R2 | 7.68 | 13.27 % | ||
| R1 | 7.50 | 10.62 % | ||
| Current price | 6.78 | |||
| Support | S1 | 6.58 | -2.95% | |
| S2 | 6.57 | -3.10% | ||
| S3 | 5.86 | -13.57% |
0853 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2021 | Jun 28, 2021 | Jun 28, 2021 | HK$0.0430 | 0.0610% |
| 2 | Jun 22, 2020 | Jun 22, 2020 | Jun 22, 2020 | HK$0.0530 | 0.218% |
| 3 | Jun 17, 2019 | Jun 17, 2019 | Jun 17, 2019 | HK$0.0290 | 0.533% |
| 4 | May 16, 2018 | May 16, 2018 | May 16, 2018 | HK$0.0250 | 0.239% |
| 5 | Jun 22, 2017 | Jun 22, 2017 | Jun 22, 2017 | HK$0.0190 | 0.302% |
FAQ
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