KNT 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
KNT Holdings Limited stock price ended at HK$0.0740 on Friday, after losing 3.90%.
(Updated on May 17, 2024)
The KNT Holdings Limited stock price fell by -3.90% on the last day (Friday, 17th May 2024) from HK$0.0770 to HK$0.0740. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.41% from a day low at HK$0.0740 to a day high of HK$0.0780. The price has fallen in 7 of the last 10 days but is still up by 17.46% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 million shares and in total, 3 million shares were bought and sold for approximately HK$255.74 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 -64.51% during the next 3 months and, with a 90% probability hold a price between HK$0.0094 and HK$0.0534 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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1025.HK Signals & Forecast
There are mixed signals in the stock today. The KNT 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$0.0774 and HK$0.153. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 25.42%. 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).
Support, Risk & Stop-loss for KNT Holdings Limited stock
KNT Holdings Limited finds support from accumulated volume at HK$0.0730 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0040 between high and low, or 5.41%. For the last week the stock has had daily average volatility of 16.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1025.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect KNT Holdings Limited to open at HK$0.0753, and during the day (based on 14 day Average True Range), to move between HK$0.0551 and HK$0.0929, which gives a possible trading interval of +/-HK$0.0189 (+/-25.57%) up or down from last closing price. If KNT Holdings Limited takes out the full calculated possible swing range there will be an estimated 51.14% 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$0.0730 (1.35%) than the resistance at HK$0.0760 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KNT Holdings Limited stock A Buy?
KNT Holdings Limited 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.
Current score: -3.654 Sell Candidate Unchanged
Predicted Opening Price for KNT Holdings Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$0.0753 ( 1.80%) | HK$0.0740 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1025.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0793 | 7.21 % | |
R2 | 0.0778 | 5.14 % | ||
R1 | 0.0769 | 3.87 % | ||
Current price: | 0.0740 | |||
Support | S1 | 0.0738 | -0.263 % | |
S2 | 0.0729 | -1.54 % | ||
S3 | 0.0713 | -3.60 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0860 | 16.22 % | |
R2 | 0.0820 | 10.81 % | ||
R1 | 0.0760 | 2.70 % | ||
Current price | 0.0740 | |||
Support | S1 | 0.0730 | -1.35% | |
S2 | 0.0700 | -5.41% | ||
S3 | 0.0620 | -16.22% |
1025 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 26, 2019 | Sep 10, 2019 | Oct 08, 2019 | HK$0.0319 | 6.67% |
FAQ
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