Tianjin Development 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
Red day on Wednesday for Tianjin Development Holdings Limited stock after losing 0%
(Updated on Jun 26, 2024)
No changes to the price of Tianjin Development Holdings Limited stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 1.69% from a day low at HK$1.78 to a day high of HK$1.81. The price has been going up and down for this period, and there has been a -4.28% loss for the last 2 weeks.
Given the current short-term trend, the stock is expected to rise 15.19% during the next 3 months and, with a 90% probability hold a price between HK$2.06 and HK$2.42 at the end of this 3-month period.
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0882.HK Signals & Forecast
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". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tianjin Development Holdings 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$1.82 and HK$1.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -9.60%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Tianjin Development Holdings Limited stock
Tianjin Development Holdings Limited finds support from accumulated volume at HK$1.78 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 (1.69%) between high and low. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0882.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Tianjin Development Holdings Limited to open at HK$1.79, and during the day (based on 14 day Average True Range), to move between HK$1.75 and HK$1.83, which gives a possible trading interval of +/-HK$0.0404 (+/-2.25%) up or down from last closing price. If Tianjin Development Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.51% 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$1.78 (0.56%) than the resistance at HK$1.88 (5.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tianjin Development Holdings Limited stock A Buy?
The Tianjin Development Holdings Limited stock holds several negative signals and despite the positive trend, we believe Tianjin Development Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.754 Sell Candidate Unchanged
Predicted Opening Price for Tianjin Development Holdings Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$1.79 ( 0.186%) | HK$1.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0882.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.82 | 1.86% |
| R2 | 1.81 | 1.22% |
| R1 | 1.80 | 0.83% |
| Price | 1.79 | |
| S1 | 1.78 | -0.454% |
| S2 | 1.77 | -0.85% |
| S3 | 1.76 | -1.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.97 | 10.06% |
| R2 | 1.93 | 7.82% |
| R1 | 1.88 | 5.03% |
| Price | 1.79 | |
| S1 | 1.78 | -0.559% |
| S2 | 1.71 | -4.47% |
| S3 | 1.61 | -10.06% |
0882 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jul 29, 2024 | HK$0.0880 | 4.86% |
| 2 | Sep 25, 2023 | Sep 25, 2023 | Oct 30, 2023 | HK$0.0345 | 2.35% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | HK$0.0550 | 3.35% |
| 4 | Sep 26, 2022 | Sep 26, 2022 | Sep 26, 2022 | HK$0.0345 | 2.28% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | HK$0.0550 | 3.31% |
FAQ
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