Xinchen China Power Holdings 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 Xinchen China Power Holdings Limited stock after losing 0.503%
(Updated on Jun 20, 2024)
The Xinchen China Power Holdings Limited stock price fell by -0.503% on the last day (Thursday, 20th Jun 2024) from HK$0.199 to HK$0.198. During the last trading day the stock fluctuated 6.28% from a day low at HK$0.191 to a day high of HK$0.203. The price has fallen in 7 of the last 10 days and is down by -1.98% for this period. Volume has increased on the last day by 698 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately HK$428.87 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.86% during the next 3 months and, with a 90% probability hold a price between HK$0.151 and HK$0.194 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1148.HK Signals & Forecast
There are mixed signals in the stock today. The Xinchen China Power Holdings 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$0.220. On a fall, the stock will find some support from the short-term average at HK$0.196. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Xinchen China Power Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.21%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Xinchen China Power Holdings Limited stock
Xinchen China Power Holdings Limited finds support from accumulated volume at HK$0.195 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0120 between high and low, or 6.28%. For the last week, the stock has had daily average volatility of 5.22%.
Xinchen China Power Holdings Limited is oversold on RSI14 (21). 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 (1148.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Xinchen China Power Holdings Limited to open at HK$0.197, and during the day (based on 14 day Average True Range), to move between HK$0.186 and HK$0.210, which gives a possible trading interval of +/-HK$0.0120 (+/-6.04%) up or down from last closing price. If Xinchen China Power Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.09% 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$0.199 (0.51%) than the support at HK$0.195 (1.52%), 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 Xinchen China Power Holdings Limited stock A Buy?
Xinchen China Power Holdings 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: -3.133 Sell Candidate Unchanged
Predicted Opening Price for Xinchen China Power Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.197 ( 0.337%) | HK$0.198 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1148.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.209 | 5.72% |
| R2 | 0.205 | 3.41% |
| R1 | 0.202 | 1.98% |
| Price | 0.198 | |
| S1 | 0.193 | -2.65% |
| S2 | 0.190 | -4.08% |
| S3 | 0.185 | -6.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.221 | 11.62% |
| R2 | 0.202 | 2.02% |
| R1 | 0.199 | 0.505% |
| Price | 0.198 | |
| S1 | 0.195 | -1.52% |
| S2 | 0.191 | -3.54% |
| S3 | 0.190 | -4.04% |
FAQ
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