China NT Pharma Group Company 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
Volatile ride for China NT Pharma Group Company Limited stock price on Thursday moving between HK$0.0360 and HK$0.0410
(Updated on Jun 27, 2024)
The China NT Pharma Group Company Limited stock price gained 11.43% on the last trading day (Thursday, 27th Jun 2024), rising from HK$0.0350 to HK$0.0390. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 13.89% from a day low at HK$0.0360 to a day high of HK$0.0410. The price has risen in 8 of the last 10 days and is up by 77.27% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 55 million shares were bought and sold for approximately HK$2.14 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at HK$0.0313, a level that may pose a second chance to hit a runner. According to fan-theory HK$0.0421 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1011.HK Signals & Forecast
The China NT Pharma Group Company Limited 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$0.0304 and HK$0.0250. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 105.26%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for China NT Pharma Group Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0350 and HK$0.0320. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$0.0320 may give a huge drop in the stock price.
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$0.0050 between high and low, or 13.89%. For the last week, the stock has had daily average volatility of 15.13%.
The China NT Pharma Group Company Limited stock is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: HK$0.0379 (-2.88%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (1011.HK) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect China NT Pharma Group Company Limited to open at HK$0.0387, and during the day (based on 14 day Average True Range), to move between HK$0.0352 and HK$0.0428, which gives a possible trading interval of +/-HK$0.0038 (+/-9.85%) up or down from last closing price. If China NT Pharma Group Company Limited takes out the full calculated possible swing range there will be an estimated 19.71% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.0350, some HK$0.0040 (10.26%) from the current price of HK$0.0390, our system finds the risk reward attractive.
Is China NT Pharma Group Company Limited stock A Buy?
China NT Pharma Group Company Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for China NT Pharma Group Company Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| HK$0.0387 ( 0.85%) | HK$0.0390 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1011.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0437 | 11.97% |
| R2 | 0.0418 | 7.07% |
| R1 | 0.0406 | 4.04% |
| Price | 0.0390 | |
| S1 | 0.0368 | -5.75% |
| S2 | 0.0356 | -8.78% |
| S3 | 0.0337 | -13.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0390 | |
| S1 | 0.0350 | -10.26% |
| S2 | 0.0320 | -17.95% |
| S3 | 0 | - |
1011 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2018 | Jul 10, 2018 | Aug 02, 2018 | HK$0.0350 | 2.13% |
| 2 | Mar 22, 2017 | Jun 08, 2017 | Jul 03, 2017 | HK$0.0250 | 1.51% |
| 3 | Mar 23, 2016 | May 31, 2016 | Jun 15, 2016 | HK$0.0100 | 0.508% |
FAQ
Click here for our free guide on how to buy China NT Pharma Group Company Limited Stock.
