Chinlink 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
Stronger technical forecast for Chinlink International Holdings Limited stock price after Monday trading.
(Updated on May 06, 2024)
No changes to the price of Chinlink International Holdings Limited stock on the last trading day (Monday, 6th May 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0340 to a day high of HK$0.0340. The price has been going up and down for this period, and there has been a 13.33% gain for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.0352 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.88% during the next 3 months and, with a 90% probability hold a price between HK$0.0249 and HK$0.0314 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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0997.HK Signals & Forecast
The Chinlink International Holdings Limited 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$0.0341. On a fall, the stock will find some support from the long-term average at approximately HK$0.0330. 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. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. 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 Chinlink International Holdings Limited stock
Chinlink International Holdings Limited finds support from accumulated volume at HK$0.0330 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 3.79%
Our recommended stop-loss: HK$0.0321 (-5.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (0997.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Chinlink International Holdings Limited to open at HK$0.0340, and during the day (based on 14 day Average True Range), to move between HK$0.0323 and HK$0.0357, which gives a possible trading interval of +/-HK$0.0017 (+/-5.03%) up or down from last closing price. If Chinlink International Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.07% 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$0.0350 (2.94%) than the support at HK$0.0330 (2.94%), 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 Chinlink International Holdings Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.237 Buy Candidate Upgraded
Predicted Opening Price for Chinlink International Holdings Limited of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
HK$0.0340 ( 0%) | HK$0.0340 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0997.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0340 | . | |
R2 | 0.0340 | . | ||
R1 | 0.0340 | . | ||
Current price: | 0.0340 | |||
Support | S1 | 0.0340 | . | |
S2 | 0.0340 | . | ||
S3 | 0.0340 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0380 | 11.76 % | |
R2 | 0.0360 | 5.88 % | ||
R1 | 0.0350 | 2.94 % | ||
Current price | 0.0340 | |||
Support | S1 | 0.0330 | -2.94% | |
S2 | 0.0320 | -5.88% | ||
S3 | 0.0310 | -8.82% |
0997 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 02, 2009 | Jan 02, 2009 | Jan 02, 2009 | HK$0.228 | 1.78% |
2 | Aug 25, 2008 | Aug 25, 2008 | Aug 25, 2008 | HK$0.469 | 3.00% |
3 | Aug 22, 2008 | Aug 22, 2008 | Aug 22, 2008 | HK$0.0975 | 0.623% |
4 | Jan 04, 2008 | Jan 04, 2008 | Jan 04, 2008 | HK$0.163 | 1.01% |
5 | Aug 17, 2007 | Aug 17, 2007 | Aug 17, 2007 | HK$0.521 | 2.06% |
FAQ
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