APAC Resources 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
APAC Resources Limited stock price ended at HK$1.05 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of APAC Resources Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$1.05 to a day high of HK$1.05. The price has been going up and down for this period, and there has been a -8.7% loss for the last 2 weeks.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$1.03 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.81% during the next 3 months and, with a 90% probability hold a price between HK$1.01 and HK$1.18 at the end of this 3-month period.
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1104.HK Signals & Forecast
There are few to no technical positive signals at the moment. The APAC Resources 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$1.06 and HK$1.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.94%. 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 APAC Resources Limited stock
APAC Resources Limited finds support from accumulated volume at HK$1.04 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 0%
APAC Resources Limited is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1104.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect APAC Resources Limited to open at HK$1.05, and during the day (based on 14 day Average True Range), to move between HK$1.04 and HK$1.06, which gives a possible trading interval of +/-HK$0.0141 (+/-1.35%) up or down from last closing price. If APAC Resources Limited takes out the full calculated possible swing range there will be an estimated 2.69% 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$1.04 (0.95%) than the resistance at HK$1.14 (8.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is APAC Resources Limited stock A Buy?
APAC Resources Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.241 Sell Candidate Unchanged
Predicted Opening Price for APAC Resources Limited of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
HK$1.05 ( 0%) | HK$1.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1104.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.05 | - |
R2 | 1.05 | - |
R1 | 1.05 | - |
Price | 1.05 | |
S1 | 1.05 | - |
S2 | 1.05 | - |
S3 | 1.05 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.19 | 13.33% |
R2 | 1.15 | 9.52% |
R1 | 1.14 | 8.57% |
Price | 1.05 | |
S1 | 1.04 | -0.95% |
S2 | 1.02 | -2.86% |
S3 | 1.00 | -4.76% |
1104 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 16, 2023 | Nov 16, 2023 | Jan 15, 2024 | HK$0.100 | 10.53% |
2 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | HK$0.100 | 9.17% |
3 | Dec 24, 2021 | Dec 24, 2021 | Dec 24, 2021 | HK$0.100 | 9.62% |
4 | Dec 23, 2021 | Dec 23, 2021 | Dec 23, 2021 | HK$0.100 | 9.43% |
5 | Nov 24, 2020 | Nov 24, 2020 | Nov 24, 2020 | HK$0.100 | 10.87% |
FAQ
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