International Entertainment Corporation 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
Green day on Friday for International Entertainment Corporation
(Updated on May 31, 2024)
The International Entertainment Corporation stock price gained 3.13% on the last trading day (Friday, 31st May 2024), rising from HK$0.96 to HK$0.99. During the last trading day the stock fluctuated 7.53% from a day low at HK$0.93 to a day high of HK$1.00. The price has fallen in 4 of the last 10 days but is still up by 2.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 70 thousand more shares were traded than the day before. In total, 80 thousand shares were bought and sold for approximately HK$79.20 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.49% during the next 3 months and, with a 90% probability hold a price between HK$0.83 and HK$2.04 at the end of this 3-month period.
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1009.HK Signals & Forecast
The International Entertainment Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.94 and HK$0.87. A breakdown below any of these levels will issue sell signals. International Entertainment Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Friday, May 10, 2024, and so far it has fallen -43.43%. 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). The stock had a Golden Star Signal on Wednesday, February 07, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, February 07, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for International Entertainment Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.85 and HK$0.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, International Entertainment Corporation finds support just below today's level at HK$0.85. If this is broken, then the next support from accumulated volume will be at HK$0.80 and HK$0.750.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0700 between high and low, or 7.53%. For the last week, the stock has had daily average volatility of 3.42%.
International Entertainment Corporation is oversold on RSI14 (14). 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: HK$0.92 (-6.72%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 14 which reduces the risk some. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (1009.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect International Entertainment Corporation to open at HK$0.97, and during the day (based on 14 day Average True Range), to move between HK$0.87 and HK$1.11, which gives a possible trading interval of +/-HK$0.120 (+/-12.07%) up or down from last closing price. If International Entertainment Corporation takes out the full calculated possible swing range there will be an estimated 24.15% 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$1.00 (1.01%) than the support at HK$0.85 (14.14%), 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 International Entertainment Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for International Entertainment Corporation stock to perform well in the short-term.
Current score: 3.040 Buy Candidate Unchanged
Predicted Opening Price for International Entertainment Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$0.97 ( 1.68%) | HK$0.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1009.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.04 | 5.39 % | |
| R2 | 1.02 | 2.69 % | ||
| R1 | 1.00 | 1.02 % | ||
| Current price: | 0.99 | |||
| Support | S1 | 0.95 | -4.38 % | |
| S2 | 0.93 | -6.05 % | ||
| S3 | 0.90 | -8.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.17 | 18.18 % | |
| R2 | 1.03 | 4.04 % | ||
| R1 | 1.00 | 1.01 % | ||
| Current price | 0.99 | |||
| Support | S1 | 0.85 | -14.14% | |
| S2 | 0.80 | -19.19% | ||
| S3 | 0.750 | -24.24% |
1009 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2015 | Aug 25, 2015 | Sep 18, 2015 | HK$0.450 | 22.84% |
| 2 | Jun 20, 2011 | Aug 24, 2011 | Sep 09, 2011 | HK$0.610 | 36.31% |
| 3 | Nov 22, 2010 | Dec 13, 2010 | Jan 17, 2011 | HK$0.500 | 26.60% |
FAQ
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