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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
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 1109.HK
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China Resources Land Limited stock price ended at HK$27.00 on Friday, after gaining 0.559%.
(Updated on Jun 14, 2024)

Sell candidate since Jun 06, 2024 Loss -6.57% PDF

The China Resources Land Limited stock price gained 0.559% on the last trading day (Friday, 14th Jun 2024), rising from HK$26.85 to HK$27.00. During the last trading day the stock fluctuated 6.44% from a day low at HK$26.40 to a day high of HK$28.10. The price has been going up and down for this period, and there has been a -7.22% loss 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, 1 million more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately HK$394.46 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$26.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.32% during the next 3 months and, with a 90% probability hold a price between HK$34.32 and HK$44.93 at the end of this 3-month period.

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1109.HK Signals & Forecast

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. The China Resources Land 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$28.14 and HK$29.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -17.81%. 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 China Resources Land Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$25.20 and HK$23.70. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, China Resources Land Limited finds support just below today's level at HK$25.20. If this is broken, then the next support from accumulated volume will be at HK$23.70 and HK$23.50.

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$1.70 between high and low, or 6.44%. For the last week, the stock has had daily average volatility of 4.11%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1109.HK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect China Resources Land Limited to open at HK$27.17, and during the day (based on 14 day Average True Range), to move between HK$25.67 and HK$28.33, which gives a possible trading interval of +/-HK$1.33 (+/-4.93%) up or down from last closing price. If China Resources Land Limited takes out the full calculated possible swing range there will be an estimated 9.85% 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$25.20 (6.67%) than the resistance at HK$29.10 (7.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is China Resources Land Limited stock A Buy?

The China Resources Land Limited stock holds several negative signals and despite the positive trend, we believe China Resources Land Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.035 Sell Candidate Unchanged

Predicted Opening Price for China Resources Land Limited of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
HK$27.17 ( 0.617%) HK$27.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 1109.HK

Fibonacci Support & Resistance Levels

Level Price
R3 28.87 6.91%
R2 28.22 4.51%
R1 27.82 3.02%
Price 27.00
S1 26.52 -1.79%
S2 26.12 -3.27%
S3 25.47 -5.68%

Accumulated Volume Support & Resistance Levels

Level Price
R3 32.85 21.67%
R2 31.90 18.15%
R1 29.10 7.78%
Price 27.00
S1 25.20 -6.67%
S2 23.70 -12.22%
S3 23.50 -12.96%

1109 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 12, 2024 Jun 12, 2024 Jul 26, 2024 HK$1.35 4.99%
2 Sep 12, 2023 Sep 12, 2023 Oct 27, 2023 HK$0.216 0.714%
3 Jun 09, 2023 Jun 09, 2023 Jun 09, 2023 HK$1.39 4.32%
4 Sep 14, 2022 Sep 14, 2022 Sep 14, 2022 HK$0.208 0.633%
5 Jun 20, 2022 Jun 20, 2022 Jun 20, 2022 HK$1.48 4.35%

FAQ

What is the symbol for China Resources Land Limited Stock and on which exchange is it traded?
The symbol for China Resources Land Limited is 1109.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell China Resources Land Limited Stock?
The China Resources Land Limited stock holds several negative signals and despite the positive trend, we believe China Resources Land Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy China Resources Land Limited Stock?
China Resources Land Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy China Resources Land Limited Stock.

What's the current price of China Resources Land Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an China Resources Land Limited (1109.HK) share was HK$27.00.

What is the 52-week high and low for China Resources Land Limited Stock?
The 52-week high for China Resources Land Limited Stock is HK$37.90 and the 52-week low is HK$20.35.

What is the market capitalization of China Resources Land Limited Stock?
As of the Jun 14, 2024, the market capitalization of China Resources Land Limited is 192.535B.

When is the next earnings date for China Resources Land Limited?
The upcoming earnings date for China Resources Land Limited is Aug 27, 2024.
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About China Resources Land Limited

China Resources Land Limited China Resources Land Limited, an investment holding company, invests in, develops, manages, and sells properties in the People's Republic of China. The company operates through four segments: Development Properties for Sale; Property Investments and Management; Hotel Operations; and Construction, Decoration Services, and Others. It sells residential, office, and commercial premises; leases investment properties; offers hotel accommodation and cat... 1109.HK Profile

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