Shunfeng International Clean Energy 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
Stronger technical forecast for Shunfeng International Clean Energy Ltd stock price after Wednesday trading.
(Updated on Jun 26, 2024)
No changes to the price of Shunfeng International Clean Energy Ltd stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 6.90% from a day low at HK$0.0290 to a day high of HK$0.0310. The price has been going up and down for this period, and there has been a 7.41% gain for the last 2 weeks.
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$0.0253 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 42.40% during the next 3 months and, with a 90% probability hold a price between HK$0.0360 and HK$0.0630 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1165.HK Signals & Forecast
The Shunfeng International Clean Energy Ltd 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$0.0300. On a fall, the stock will find some support from the long-term average at approximately HK$0.0266. 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. 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 Wednesday, May 29, 2024, and so far it has fallen -27.50%. 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 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 Shunfeng International Clean Energy Ltd stock
Shunfeng International Clean Energy Ltd finds support from accumulated volume at HK$0.0280 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0020 between high and low, or 6.90%. For the last week the stock has had daily average volatility of 15.99%.
Our recommended stop-loss: HK$0.0273 (-6.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (1165.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Shunfeng International Clean Energy Limited to open at HK$0.0297, and during the day (based on 14 day Average True Range), to move between HK$0.0246 and HK$0.0334, which gives a possible trading interval of +/-HK$0.0044 (+/-15.05%) up or down from last closing price. If Shunfeng International Clean Energy Limited takes out the full calculated possible swing range there will be an estimated 30.10% 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$0.0300 (3.45%) than the support at HK$0.0280 (3.45%), 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 Shunfeng International Clean Energy 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 Shunfeng International Clean Energy Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.276 Buy Candidate Upgraded
Predicted Opening Price for Shunfeng International Clean Energy Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$0.0297 ( 2.30%) | HK$0.0290 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1165.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0317 | 9.20% |
| R2 | 0.0309 | 6.56% |
| R1 | 0.0304 | 4.93% |
| Price | 0.0290 | |
| S1 | 0.0289 | -0.336% |
| S2 | 0.0284 | -1.96% |
| S3 | 0.0277 | -4.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0330 | 13.79% |
| R2 | 0.0310 | 6.90% |
| R1 | 0.0300 | 3.45% |
| Price | 0.0290 | |
| S1 | 0.0280 | -3.45% |
| S2 | 0.0260 | -10.34% |
| S3 | 0.0220 | -24.14% |
FAQ
Click here for our free guide on how to buy Shunfeng International Clean Energy Limited Stock.
