CIFI Holdings 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
CIFI Holdings stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The CIFI Holdings stock price fell by -4.55% on the last day (Friday, 28th Jun 2024) from HK$0.330 to HK$0.315. During the last trading day the stock fluctuated 8.06% from a day low at HK$0.310 to a day high of HK$0.335. The price has fallen in 5 of the last 10 days and is down by -16% for this period. Volume has increased on the last day by 25 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 92 million shares were bought and sold for approximately HK$29.02 million.
Given the current short-term trend, the stock is expected to rise 30.03% during the next 3 months and, with a 90% probability hold a price between HK$0.410 and HK$0.792 at the end of this 3-month period.
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0884.HK Signals & Forecast
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 CIFI Holdings 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$0.336 and HK$0.395. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -41.67%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for CIFI Holdings stock
CIFI Holdings finds support from accumulated volume at HK$0.300 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$0.0250 between high and low, or 8.06%. For the last week, the stock has had daily average volatility of 7.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0884.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect CIFI Holdings to open at HK$0.320, and during the day (based on 14 day Average True Range), to move between HK$0.285 and HK$0.345, which gives a possible trading interval of +/-HK$0.0296 (+/-9.41%) up or down from last closing price. If CIFI Holdings takes out the full calculated possible swing range there will be an estimated 18.81% 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$0.300 (4.76%) than the resistance at HK$0.350 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CIFI Holdings stock A Buy?
The CIFI Holdings stock holds several negative signals and despite the positive trend, we believe CIFI Holdings will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.482 Sell Candidate Downgraded
Predicted Opening Price for CIFI Holdings of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.320 ( 1.59%) | HK$0.315 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0884.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.345 | 9.52% |
| R2 | 0.335 | 6.49% |
| R1 | 0.330 | 4.62% |
| Price | 0.315 | |
| S1 | 0.310 | -1.44% |
| S2 | 0.305 | -3.32% |
| S3 | 0.295 | -6.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.360 | 14.29% |
| R2 | 0.355 | 12.70% |
| R1 | 0.350 | 11.11% |
| Price | 0.315 | |
| S1 | 0.300 | -4.76% |
| S2 | 0.255 | -19.05% |
| S3 | 0.241 | -23.49% |
0884 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | HK$0.0700 | 2.28% |
| 2 | Oct 04, 2021 | Oct 04, 2021 | Oct 04, 2021 | HK$0.115 | 2.30% |
| 3 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | HK$0.277 | 4.83% |
| 4 | Sep 30, 2020 | Sep 30, 2020 | Sep 30, 2020 | HK$0.105 | 1.93% |
| 5 | Jun 16, 2020 | Jun 16, 2020 | Jun 16, 2020 | HK$0.0382 | 0.637% |
FAQ
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