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
Shunten International (Holdings) Limited stock price down 2.78% on Thursday
(Updated on Jun 20, 2024)
The Shunten International (Holdings) Limited stock price fell by -2.78% on the last day (Thursday, 20th Jun 2024) from HK$0.0360 to HK$0.0350. During the last trading day the stock fluctuated 6.06% from a day low at HK$0.0330 to a day high of HK$0.0350. The price has been going up and down for this period, and there has been a -7.89% loss for the last 2 weeks. Volume has increased on the last day by 1 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, 1 million shares were bought and sold for approximately HK$41.30 thousand.
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 -27.18% during the next 3 months and, with a 90% probability hold a price between HK$0.0216 and HK$0.0281 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
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 2.94%. Further rise is indicated until a new top pivot has been found. 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 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$0.0373 and HK$0.0391. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Shunten International (Holdings) Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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$0.0340 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0020 between high and low, or 6.06%. For the last week, the stock has had daily average volatility of 2.94%.
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 Friday 21st
For the upcoming trading day on Friday, 21st we expect Shunten International (Holdings) Limited to open at HK$0.0343, and during the day (based on 14 day Average True Range), to move between HK$0.0321 and HK$0.0379, which gives a possible trading interval of +/-HK$0.0029 (+/-8.15%) 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 16.30% 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$0.0360 (2.86%) than the support at HK$0.0340 (2.86%), 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 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: -4.583 Sell Candidate Unchanged
Predicted Opening Price for Shunten International (Holdings) Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.0343 ( 1.90%) | HK$0.0350 |
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 | 0.0363 | 3.81% |
| R2 | 0.0356 | 1.63% |
| R1 | 0.0351 | 0.278% |
| Price | 0.0350 | |
| S1 | 0.0336 | -4.09% |
| S2 | 0.0331 | -5.44% |
| S3 | 0.0323 | -7.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0410 | 17.14% |
| R2 | 0.0390 | 11.43% |
| R1 | 0.0360 | 2.86% |
| Price | 0.0350 | |
| S1 | 0.0340 | -2.86% |
| S2 | 0 | - |
| S3 | 0 | - |
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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