Integrated Waste Solutions Group 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
Integrated Waste Solutions Group stock price down 0% on Thursday
(Updated on Jun 27, 2024)
No changes to the price of Integrated Waste Solutions Group stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0240 to a day high of HK$0.0240. The price has been going up and down for this period, and there has been a -20% loss for the last 2 weeks.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at HK$0.0230 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Integrated Waste Solutions Group stock with a 90% probability to be traded between HK$0.0234 and HK$0.0336 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0923.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Integrated Waste Solutions Group 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$0.0259 and HK$0.0288. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen 0%. 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). 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 Integrated Waste Solutions Group stock
Integrated Waste Solutions Group finds support from accumulated volume at HK$0.0230 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 8.80%
Integrated Waste Solutions Group is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0923.HK) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Integrated Waste Solutions Group Holdings Limited to open at HK$0.0240, and during the day (based on 14 day Average True Range), to move between HK$0.0224 and HK$0.0256, which gives a possible trading interval of +/-HK$0.0016 (+/-6.63%) up or down from last closing price. If Integrated Waste Solutions Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 13.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.0250 (4.17%) than the support at HK$0.0230 (4.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Integrated Waste Solutions Group Holdings Limited stock A Buy?
Integrated Waste Solutions Group holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.905 Sell Candidate Unchanged
Predicted Opening Price for Integrated Waste Solutions Group Holdings Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| HK$0.0240 ( 0.00000000%) | HK$0.0240 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0923.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0240 | 0.00000000% |
| R2 | 0.0240 | 0.00000000% |
| R1 | 0.0240 | 0.00000000% |
| Price | 0.0240 | |
| S1 | 0.0240 | 0.00000000% |
| S2 | 0.0240 | 0.00000000% |
| S3 | 0.0240 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0290 | 20.83% |
| R2 | 0.0270 | 12.50% |
| R1 | 0.0250 | 4.17% |
| Price | 0.0240 | |
| S1 | 0.0230 | -4.17% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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