Huadian Power International Corp 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
Huadian Power International Corp Ltd stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 06, 2024)
The Huadian Power International Corp Ltd stock price gained 3.60% on the last trading day (Monday, 6th May 2024), rising from HK$4.17 to HK$4.32. During the last trading day the stock fluctuated 4.09% from a day low at HK$4.16 to a day high of HK$4.33. The price has been going up and down for this period, and there has been a 0.23% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 million more shares were traded than the day before. In total, 25 million shares were bought and sold for approximately HK$106.51 million.
The stock lies in the middle of a 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 19.71% during the next 3 months and, with a 90% probability hold a price between HK$4.94 and HK$5.91 at the end of this 3-month period.
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1071.HK Signals & Forecast
The Huadian Power International Corp Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$4.23 and HK$4.30. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 -8.86%. 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).
Support, Risk & Stop-loss for Huadian Power International Corp Ltd stock
Huadian Power International Corp Ltd finds support from accumulated volume at HK$4.24 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.170 between high and low, or 4.09%. For the last week, the stock has had daily average volatility of 4.05%.
Our recommended stop-loss: HK$4.09 (-5.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (1071.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Huadian Power International Corporation Limited to open at HK$4.27, and during the day (based on 14 day Average True Range), to move between HK$4.13 and HK$4.51, which gives a possible trading interval of +/-HK$0.192 (+/-4.45%) up or down from last closing price. If Huadian Power International Corporation Limited takes out the full calculated possible swing range there will be an estimated 8.89% 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$4.36 (0.93%) than the support at HK$4.24 (1.85%), 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 Huadian Power International Corporation Limited stock A Buy?
Huadian Power International Corp Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.569 Hold/Accumulate Upgraded
Predicted Opening Price for Huadian Power International Corporation Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$4.27 ( 1.16%) | HK$4.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1071.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.44 | 2.78 % | |
| R2 | 4.38 | 1.27 % | ||
| R1 | 4.33 | 0.346 % | ||
| Current price: | 4.32 | |||
| Support | S1 | 4.21 | -2.66 % | |
| S2 | 4.16 | -3.59 % | ||
| S3 | 4.10 | -5.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.72 | 9.26 % | |
| R2 | 4.46 | 3.24 % | ||
| R1 | 4.36 | 0.93 % | ||
| Current price | 4.32 | |||
| Support | S1 | 4.24 | -1.85% | |
| S2 | 4.19 | -3.01% | ||
| S3 | 4.13 | -4.40% |
1071 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | HK$0.222 | 5.53% |
| 2 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | HK$0.293 | 10.58% |
| 3 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | HK$0.300 | 13.40% |
| 4 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | HK$0.160 | 7.24% |
| 5 | Jun 28, 2019 | Jun 28, 2019 | Jun 28, 2019 | HK$0.0660 | 2.14% |
FAQ
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