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
PINE Technology Holdings Limited stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
The PINE Technology Holdings Limited stock price gained 4.65% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.0430 to HK$0.0450. During the last trading day the stock fluctuated 7.14% from a day low at HK$0.0420 to a day high of HK$0.0450. The price has been going up and down for this period, and there has been a 7.14% 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, 168 thousand more shares were traded than the day before. In total, 220 thousand shares were bought and sold for approximately HK$9.90 thousand.
The stock lies in the upper part of a very wide and strong 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$0.0462 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.23% during the next 3 months and, with a 90% probability hold a price between HK$0.0404 and HK$0.0509 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$0.0446 and HK$0.0414. A breakdown below any of these levels will issue sell signals. PINE Technology Holdings Limited 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 Monday, June 17, 2024, and so far it has fallen -2.17%. 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 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.
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$0.0030 between high and low, or 7.14%. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: HK$0.0430 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (1079.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect PINE Technology Holdings Limited to open at HK$0.0440, and during the day (based on 14 day Average True Range), to move between HK$0.0433 and HK$0.0467, which gives a possible trading interval of +/-HK$0.0017 (+/-3.81%) 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 7.62% 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$0.0460 (2.22%) than the support at HK$0.0440 (2.22%), 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 PINE Technology Holdings Limited 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 PINE Technology Holdings Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.941 Buy Candidate Upgraded
Predicted Opening Price for PINE Technology Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.0440 ( 2.22%) | 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 | 0.0470 | 4.44% |
| R2 | 0.0459 | 1.90% |
| R1 | 0.0451 | 0.324% |
| Price | 0.0450 | |
| S1 | 0.0429 | -4.77% |
| S2 | 0.0421 | -6.34% |
| S3 | 0.0410 | -8.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0460 | 2.22% |
| 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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