Orange Sky Golden Harvest Entertainment 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
Big movements in Orange Sky Golden Harvest Entertainment stock price on Thursday moving 10.34% between high and low
(Updated on Jul 04, 2024)
The Orange Sky Golden Harvest Entertainment stock price gained 10.34% on the last trading day (Thursday, 4th Jul 2024), rising from HK$0.0580 to HK$0.0640. During the last trading day the stock fluctuated 10.34% from a day low at HK$0.0580 to a day high of HK$0.0640. The price has fallen in 5 of the last 10 days but is still up by 8.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately HK$390.08 thousand.
The stock lies in the middle of a very wide and strong 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 36.53% during the next 3 months and, with a 90% probability hold a price between HK$0.0777 and HK$0.105 at the end of this 3-month period.
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1132.HK Signals & Forecast
The Orange Sky Golden Harvest Entertainment stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.0591 and HK$0.0598. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Orange Sky Golden Harvest Entertainment has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -5.88%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Orange Sky Golden Harvest Entertainment stock
Orange Sky Golden Harvest Entertainment finds support from accumulated volume at HK$0.0620 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$0.0060 between high and low, or 10.34%. For the last week, the stock has had daily average volatility of 6.74%.
Our recommended stop-loss: HK$0.0602 (-5.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (1132.HK) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Orange Sky Golden Harvest Entertainment to open at HK$0.0620, and during the day (based on 14 day Average True Range), to move between HK$0.0591 and HK$0.0689, which gives a possible trading interval of +/-HK$0.0049 (+/-7.69%) up or down from last closing price. If Orange Sky Golden Harvest Entertainment takes out the full calculated possible swing range there will be an estimated 15.38% 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$0.0650 (1.56%) than the support at HK$0.0620 (3.13%), 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 Orange Sky Golden Harvest Entertainment 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 Orange Sky Golden Harvest Entertainment stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.511 Buy Candidate Upgraded
Predicted Opening Price for Orange Sky Golden Harvest Entertainment of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| HK$0.0620 ( 3.13%) | HK$0.0640 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1132.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0680 | 6.25% |
| R2 | 0.0657 | 2.67% |
| R1 | 0.0643 | 0.456% |
| Price | 0.0640 | |
| S1 | 0.0597 | -6.71% |
| S2 | 0.0583 | -8.92% |
| S3 | 0.0560 | -12.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0680 | 6.25% |
| R2 | 0.0660 | 3.13% |
| R1 | 0.0650 | 1.56% |
| Price | 0.0640 | |
| S1 | 0.0620 | -3.13% |
| S2 | 0.0610 | -4.69% |
| S3 | 0.0580 | -9.38% |
1132 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2018 | Jan 17, 2018 | Feb 06, 2018 | HK$0.253 | 35.63% |
| 2 | Aug 23, 2017 | Aug 23, 2017 | Aug 23, 2017 | HK$0.351 | 33.75% |
| 3 | Aug 26, 2008 | Sep 08, 2008 | Sep 18, 2008 | HK$0.0010 | 0.273% |
FAQ
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