China Modern Dairy Holdings Ltd. 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
China Modern Dairy Holdings Ltd. stock price ended at HK$0.700 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of China Modern Dairy Holdings Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 4.29% from a day low at HK$0.700 to a day high of HK$0.730. The price has been going up and down for this period, and there has been a -1.41% loss for the last 2 weeks.
The stock lies in the lower part of a 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$0.692 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 13.31% during the next 3 months and, with a 90% probability hold a price between HK$0.785 and HK$0.96 at the end of this 3-month period.
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1117.HK Signals & Forecast
There are mixed signals in the stock today. The China Modern Dairy Holdings Ltd. 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$0.729. On a fall, the stock will find some support from the short-term average at HK$0.694. 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 Tuesday, May 28, 2024, and so far it has fallen -13.58%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for China Modern Dairy Holdings Ltd. stock
China Modern Dairy Holdings Ltd. finds support from accumulated volume at HK$0.690 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$0.0300 between high and low, or 4.29%. For the last week, the stock has had daily average volatility of 3.22%.
China Modern Dairy Holdings Ltd. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1117.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect China Modern Dairy Holdings Ltd. to open at HK$0.710, and during the day (based on 14 day Average True Range), to move between HK$0.675 and HK$0.725, which gives a possible trading interval of +/-HK$0.0254 (+/-3.63%) up or down from last closing price. If China Modern Dairy Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 7.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.710 (1.43%) than the support at HK$0.690 (1.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is China Modern Dairy Holdings Ltd. stock A Buy?
China Modern Dairy Holdings Ltd. 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: -3.447 Sell Candidate Unchanged
Predicted Opening Price for China Modern Dairy Holdings Ltd. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.710 ( 1.43%) | HK$0.700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1117.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.740 | 5.71% |
| R2 | 0.729 | 4.08% |
| R1 | 0.721 | 3.07% |
| Price | 0.700 | |
| S1 | 0.699 | -0.209% |
| S2 | 0.691 | -1.22% |
| S3 | 0.680 | -2.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.790 | 12.86% |
| R2 | 0.740 | 5.71% |
| R1 | 0.710 | 1.43% |
| Price | 0.700 | |
| S1 | 0.690 | -1.43% |
| S2 | 0.660 | -5.71% |
| S3 | 0.650 | -7.14% |
1117 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | HK$0.0045 | 0.643% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | HK$0.0157 | 1.78% |
| 3 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | HK$0.0306 | 2.73% |
| 4 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | HK$0.0243 | 1.29% |
| 5 | Mar 23, 2015 | Jun 10, 2015 | Jun 26, 2015 | HK$0.0100 | 0.361% |
FAQ
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