Elegance Optical International 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
Stronger technical forecast for Elegance Optical International Holdings stock price after Friday trading.
(Updated on Jun 28, 2024)
No changes to the price of Elegance Optical International Holdings stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0920 to a day high of HK$0.0920. The price has been going up and down for this period, and there has been a -1.08% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.30% during the next 3 months and, with a 90% probability hold a price between HK$0.0718 and HK$0.0948 at the end of this 3-month period.
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0907.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 Elegance Optical International Holdings stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.0924. On a fall, the stock will find some support from the short-term average at HK$0.0886. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Elegance Optical International Holdings stock
Elegance Optical International Holdings finds support from accumulated volume at HK$0.0910 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.36%
Our recommended stop-loss: HK$0.0884 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (0907.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Elegance Optical International Holdings Limited to open at HK$0.0920, and during the day (based on 14 day Average True Range), to move between HK$0.0878 and HK$0.0962, which gives a possible trading interval of +/-HK$0.0042 (+/-4.54%) up or down from last closing price. If Elegance Optical International Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.09% 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$0.0910 (1.09%) than the resistance at HK$0.0950 (3.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Elegance Optical International Holdings Limited stock A Buy?
Elegance Optical International Holdings holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Elegance Optical International Holdings Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.0920 ( 0.00000000%) | HK$0.0920 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0907.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0920 | 0.00000000% |
| R2 | 0.0920 | 0.00000000% |
| R1 | 0.0920 | 0.00000000% |
| Price | 0.0920 | |
| S1 | 0.0920 | 0.00000000% |
| S2 | 0.0920 | 0.00000000% |
| S3 | 0.0920 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.108 | 17.39% |
| R2 | 0.0990 | 7.61% |
| R1 | 0.0950 | 3.26% |
| Price | 0.0920 | |
| S1 | 0.0910 | -1.09% |
| S2 | 0.0890 | -3.26% |
| S3 | 0.0840 | -8.70% |
0907 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 04, 2012 | Sep 04, 2012 | Sep 04, 2012 | HK$0.0365 | 5.71% |
| 2 | Aug 30, 2011 | Aug 30, 2011 | Aug 30, 2011 | HK$0.0274 | 3.75% |
| 3 | Aug 24, 2011 | Aug 24, 2011 | Aug 24, 2011 | HK$0.0300 | 4.33% |
| 4 | Aug 19, 2010 | Aug 19, 2010 | Aug 19, 2010 | HK$0.0274 | 4.41% |
| 5 | Aug 20, 2009 | Aug 20, 2009 | Aug 20, 2009 | HK$0.0274 | 4.62% |
FAQ
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