Kingworld Medicines Group 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 Friday for Kingworld Medicines Group Limited
(Updated on May 31, 2024)
No changes to the price of Kingworld Medicines Group Limited stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 7.14% from a day low at HK$0.560 to a day high of HK$0.600. The price has fallen in 4 of the last 10 days and is down by -6.45% for this period.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.57% during the next 3 months and, with a 90% probability hold a price between HK$0.540 and HK$0.674 at the end of this 3-month period.
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1110.HK Signals & Forecast
The Kingworld Medicines Group Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.601. On a fall, the stock will find some support from the long-term average at approximately HK$0.556. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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".
Support, Risk & Stop-loss for Kingworld Medicines Group Limited stock
Kingworld Medicines Group Limited finds support from accumulated volume at HK$0.560 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$0.0400 between high and low, or 7.14%. For the last week the stock has had daily average volatility of 6.21%.
Our recommended stop-loss: HK$0.545 (-6.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (1110.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Kingworld Medicines Group Limited to open at HK$0.580, and during the day (based on 14 day Average True Range), to move between HK$0.548 and HK$0.612, which gives a possible trading interval of +/-HK$0.0323 (+/-5.57%) up or down from last closing price. If Kingworld Medicines Group Limited takes out the full calculated possible swing range there will be an estimated 11.15% 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$0.560 (3.45%) than the resistance at HK$0.600 (3.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kingworld Medicines Group 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 Kingworld Medicines Group Limited stock to perform well in the short-term.
Current score: 1.912 Buy Candidate Unchanged
Predicted Opening Price for Kingworld Medicines Group Limited of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
HK$0.580 ( 0.00000000%) | HK$0.580 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1110.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.620 | 6.90 % | |
R2 | 0.605 | 4.26 % | ||
R1 | 0.595 | 2.63 % | ||
Current price: | 0.580 | |||
Support | S1 | 0.565 | -2.63 % | |
S2 | 0.555 | -4.26 % | ||
S3 | 0.540 | -6.90 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.630 | 8.62 % | |
R2 | 0.620 | 6.90 % | ||
R1 | 0.600 | 3.45 % | ||
Current price | 0.580 | |||
Support | S1 | 0.560 | -3.45% | |
S2 | 0.540 | -6.90% | ||
S3 | 0.530 | -8.62% |
1110 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 03, 2024 | Jun 03, 2024 | Jun 30, 2024 | HK$0.0338 | 5.83% |
2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | HK$0.0247 | 3.09% |
3 | May 31, 2022 | May 31, 2022 | May 31, 2022 | HK$0.0239 | 5.31% |
4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | HK$0.0239 | 5.09% |
5 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | HK$0.0065 | 0.83% |
FAQ
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