Shunten International (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
Evaluation of Shunten International (Holdings) Limited stock downgraded after the last trading session.
(Updated on Jun 14, 2024)
No changes to the price of Shunten International (Holdings) Limited stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0400 to a day high of HK$0.0400. The price has been going up and down for this period, and there has been a 0% change 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 -24.89% during the next 3 months and, with a 90% probability hold a price between HK$0.0228 and HK$0.0340 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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0932.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 Shunten International (Holdings) Limited 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$0.0401. On a fall, the stock will find some support from the short-term average at HK$0.0394. 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 13, 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 Shunten International (Holdings) Limited stock
Shunten International (Holdings) Limited finds support from accumulated volume at HK$0.0390 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 3.68%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0932.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Shunten International (Holdings) Limited to open at HK$0.0400, and during the day (based on 14 day Average True Range), to move between HK$0.0371 and HK$0.0429, which gives a possible trading interval of +/-HK$0.0029 (+/-7.29%) up or down from last closing price. If Shunten International (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 14.59% 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$0.0410 (2.50%) than the support at HK$0.0390 (2.50%), 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 Shunten International (Holdings) Limited stock A Buy?
Shunten International (Holdings) Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -3.356 Sell Candidate Downgraded
Predicted Opening Price for Shunten International (Holdings) Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.0400 ( 0%) | HK$0.0400 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0932.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0400 | - |
| R2 | 0.0400 | - |
| R1 | 0.0400 | - |
| Price | 0.0400 | |
| S1 | 0.0400 | - |
| S2 | 0.0400 | - |
| S3 | 0.0400 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0440 | 10.00% |
| R2 | 0.0430 | 7.50% |
| R1 | 0.0410 | 2.50% |
| Price | 0.0400 | |
| S1 | 0.0390 | -2.50% |
| S2 | 0.0380 | -5.00% |
| S3 | 0.0360 | -10.00% |
0932 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 06, 2015 | Aug 06, 2015 | Aug 06, 2015 | HK$0.0063 | 1.42% |
| 2 | Aug 06, 2014 | Aug 06, 2014 | Aug 06, 2014 | HK$0.0100 | 2.34% |
FAQ
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