China Resources Land 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
Red day on Thursday for China Resources Land Limited stock after losing 1.27%
(Updated on Jun 20, 2024)
The China Resources Land Limited stock price fell by -1.27% on the last day (Thursday, 20th Jun 2024) from HK$27.60 to HK$27.25. During the last trading day the stock fluctuated 2.41% from a day low at HK$27.00 to a day high of HK$27.65. The price has been going up and down for this period, and there has been a -7.94% 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 -4 million shares and in total, 8 million shares were bought and sold for approximately HK$228.27 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$27.01 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 21.85% during the next 3 months and, with a 90% probability hold a price between HK$32.92 and HK$43.04 at the end of this 3-month period.
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1109.HK Signals & Forecast
There are mixed signals in the stock today. The China Resources Land Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$29.71. On a fall, the stock will find some support from the short-term average at HK$27.04. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -17.05%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for China Resources Land Limited stock
China Resources Land Limited finds support from accumulated volume at HK$26.70 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$0.650 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 3.98%.
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 Friday 21st
For the upcoming trading day on Friday, 21st we expect China Resources Land Limited to open at HK$27.30, and during the day (based on 14 day Average True Range), to move between HK$26.02 and HK$28.48, which gives a possible trading interval of +/-HK$1.23 (+/-4.51%) 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 9.03% 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$26.70 (2.02%) than the resistance at HK$29.10 (6.79%), 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?
China Resources Land Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.080 Sell Candidate Unchanged
Predicted Opening Price for China Resources Land Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$27.30 ( 0.183%) | HK$27.25 |
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 | 27.95 | 2.57% |
| R2 | 27.70 | 1.66% |
| R1 | 27.55 | 1.09% |
| Price | 27.25 | |
| S1 | 27.05 | -0.728% |
| S2 | 26.90 | -1.29% |
| S3 | 26.65 | -2.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.85 | 20.55% |
| R2 | 31.90 | 17.06% |
| R1 | 29.10 | 6.79% |
| Price | 27.25 | |
| S1 | 26.70 | -2.02% |
| S2 | 23.70 | -13.03% |
| S3 | 23.50 | -13.76% |
1109 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jul 26, 2024 | HK$1.35 | 4.95% |
| 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
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