PINE Technology 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
Evaluation of PINE Technology Holdings Limited stock downgraded after the last trading session.
(Updated on Jun 14, 2024)
No changes to the price of PINE Technology Holdings Limited stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0450 to a day high of HK$0.0450. The price has been going up and down for this period, and there has been a 4.65% gain for the last 2 weeks.
The stock lies in the upper part of a very wide and weak rising 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$0.0466 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.67% during the next 3 months and, with a 90% probability hold a price between HK$0.0368 and HK$0.0487 at the end of this 3-month period.
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1079.HK Signals & Forecast
The PINE Technology Holdings 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$0.0441 and HK$0.0404. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 13, 2024, and so far it has fallen 0%. 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). 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 PINE Technology Holdings Limited stock
PINE Technology Holdings Limited finds support from accumulated volume at HK$0.0440 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 1.87%
Our recommended stop-loss: HK$0.0434 (-3.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (1079.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect PINE Technology Holdings Limited to open at HK$0.0450, and during the day (based on 14 day Average True Range), to move between HK$0.0436 and HK$0.0464, which gives a possible trading interval of +/-HK$0.0014 (+/-3.14%) up or down from last closing price. If PINE Technology Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.0440, some HK$0.0010 (2.22%) from the current price of HK$0.0450, our system finds the risk reward attractive.
Is PINE Technology Holdings Limited stock A Buy?
PINE Technology Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 PINE Technology Holdings Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.0450 ( 0.00000000%) | HK$0.0450 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1079.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0450 | 0.00000000% |
| R2 | 0.0450 | 0.00000000% |
| R1 | 0.0450 | 0.00000000% |
| Price | 0.0450 | |
| S1 | 0.0450 | 0.00000000% |
| S2 | 0.0450 | 0.00000000% |
| S3 | 0.0450 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0450 | |
| S1 | 0.0440 | -2.22% |
| S2 | 0.0420 | -6.67% |
| S3 | 0.0370 | -17.78% |
1079 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 17, 2010 | Oct 26, 2010 | Nov 15, 2010 | HK$0.0100 | 3.23% |
| 2 | Sep 20, 2000 | Oct 31, 2000 | Dec 08, 2000 | HK$0.0200 | 1.87% |
FAQ
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