MOBI Development Co., Ltd. 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
MOBI Development Co., Ltd. stock downgraded to Sell Candidate
(Updated on May 17, 2024)
No changes to the price of MOBI Development Co., Ltd. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 9.15% from a day low at HK$0.142 to a day high of HK$0.155. The price has fallen in 6 of the last 10 days and is down by -1.32% for this period.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$0.148, a level that may pose a second chance to hit a runner. According to fan-theory HK$0.184 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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0947.HK Signals & Forecast
The MOBI Development Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.149. On a fall, the stock will find some support from the long-term average at approximately HK$0.148. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -6.88%. 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 MOBI Development Co., Ltd. stock
MOBI Development Co., Ltd. finds support from accumulated volume at HK$0.148 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0130 between high and low, or 9.15%. For the last week the stock has had daily average volatility of 7.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0947.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect MOBI Development Co., Ltd. to open at HK$0.149, and during the day (based on 14 day Average True Range), to move between HK$0.139 and HK$0.159, which gives a possible trading interval of +/-HK$0.0099 (+/-6.67%) up or down from last closing price. If MOBI Development Co., Ltd. takes out the full calculated possible swing range there will be an estimated 13.35% 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$0.148 (0.67%) than the resistance at HK$0.153 (2.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MOBI Development Co., Ltd. stock A Buy?
MOBI Development Co., Ltd. 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: -1.375 Sell Candidate Downgraded
Predicted Opening Price for MOBI Development Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.149 ( 0.224%) | HK$0.149 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0947.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.162 | 8.50 % | |
| R2 | 0.157 | 5.17 % | ||
| R1 | 0.154 | 3.11 % | ||
| Current price: | 0.149 | |||
| Support | S1 | 0.144 | -3.56 % | |
| S2 | 0.141 | -5.62 % | ||
| S3 | 0.136 | -8.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.175 | 17.45 % | |
| R2 | 0.161 | 8.05 % | ||
| R1 | 0.153 | 2.68 % | ||
| Current price | 0.149 | |||
| Support | S1 | 0.148 | -0.671% | |
| S2 | 0.135 | -9.40% | ||
| S3 | 0.132 | -11.41% |
0947 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 09, 2020 | Jun 09, 2020 | Jun 09, 2020 | HK$0.0200 | 2.56% |
| 2 | May 24, 2019 | May 24, 2019 | May 24, 2019 | HK$0.0200 | 2.02% |
| 3 | Jul 03, 2018 | Jul 03, 2018 | Jul 03, 2018 | HK$0.0400 | 4.60% |
| 4 | May 28, 2018 | May 28, 2018 | May 28, 2018 | HK$0.0400 | 3.70% |
| 5 | May 29, 2017 | May 29, 2017 | May 29, 2017 | HK$0.0400 | 3.60% |
FAQ
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