InvesTech 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
High volatility in InvesTech Holdings Limited stock price on Friday which ended trading at HK$0.320
(Updated on May 17, 2024)
The InvesTech Holdings Limited stock price fell by -8.57% on the last day (Friday, 17th May 2024) from HK$0.350 to HK$0.320. During the last trading day the stock fluctuated 19.67% from a day low at HK$0.305 to a day high of HK$0.365. The price has been going up and down for this period, and there has been a -14.67% loss for the last 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 -2 million shares and in total, 36 thousand shares were bought and sold for approximately HK$11.65 thousand.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at HK$0.336. A reaction back to this level may hold a second chance to get out before further falls.
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1087.HK Signals & Forecast
There are few to no technical positive signals at the moment. The InvesTech Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.359 and HK$0.349. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -15.79%. 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 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for InvesTech Holdings Limited stock
InvesTech Holdings Limited finds support from accumulated volume at HK$0.315 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0600 between high and low, or 19.67%. For the last week the stock has had daily average volatility of 9.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1087.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect InvesTech Holdings Limited to open at HK$0.330, and during the day (based on 14 day Average True Range), to move between HK$0.295 and HK$0.345, which gives a possible trading interval of +/-HK$0.0250 (+/-7.81%) up or down from last closing price. If InvesTech Holdings Limited takes out the full calculated possible swing range there will be an estimated 15.63% 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$0.315 (1.56%) than the resistance at HK$0.350 (9.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is InvesTech Holdings Limited stock A Buy?
The InvesTech Holdings Limited stock holds several negative signals and despite the positive trend, we believe InvesTech Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.630 Sell Candidate Unchanged
Predicted Opening Price for InvesTech Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.330 ( 3.13%) | HK$0.320 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1087.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.390 | 21.88 % | |
| R2 | 0.367 | 14.71 % | ||
| R1 | 0.353 | 10.29 % | ||
| Current price: | 0.320 | |||
| Support | S1 | 0.307 | -4.04 % | |
| S2 | 0.293 | -8.46 % | ||
| S3 | 0.270 | -15.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.370 | 15.63 % | |
| R2 | 0.365 | 14.06 % | ||
| R1 | 0.350 | 9.37 % | ||
| Current price | 0.320 | |||
| Support | S1 | 0.315 | -1.56% | |
| S2 | 0.305 | -4.69% | ||
| S3 | 0.295 | -7.81% |
FAQ
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