Kingwell 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
High volatility in Kingwell Group Limited stock price on Thursday which ended trading at HK$0.0190
(Updated on Jun 20, 2024)
The Kingwell Group Limited stock price fell by -5.00% on the last day (Thursday, 20th Jun 2024) from HK$0.0200 to HK$0.0190. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 16.67% from a day low at HK$0.0180 to a day high of HK$0.0210. The price has fallen in 7 of the last 10 days and is down by -5% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 million shares and in total, 4 million shares were bought and sold for approximately HK$68.55 thousand.
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$0.0175 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 31.19% during the next 3 months and, with a 90% probability hold a price between HK$0.0229 and HK$0.0434 at the end of this 3-month period.
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1195.HK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kingwell Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.0223 and HK$0.0192. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -40.63%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Kingwell Group Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0170 and HK$0.0160. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kingwell Group Limited finds support just below today's level at HK$0.0170. If this is broken, then the next support from accumulated volume will be at HK$0.0160 and HK$0.0150.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0030 between high and low, or 16.67%. For the last week the stock has had daily average volatility of 14.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1195.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Kingwell Group Limited to open at HK$0.0193, and during the day (based on 14 day Average True Range), to move between HK$0.0152 and HK$0.0228, which gives a possible trading interval of +/-HK$0.0038 (+/-19.82%) up or down from last closing price. If Kingwell Group Limited takes out the full calculated possible swing range there will be an estimated 39.64% 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$0.0200 (5.26%) than the support at HK$0.0170 (10.53%), 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 Kingwell Group Limited stock A Buy?
The Kingwell Group Limited stock holds several negative signals and despite the positive trend, we believe Kingwell Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.737 Sell Candidate Downgraded
Predicted Opening Price for Kingwell Group Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.0193 ( 1.75%) | HK$0.0190 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1195.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0223 | 17.54% |
| R2 | 0.0212 | 11.51% |
| R1 | 0.0205 | 7.79% |
| Price | 0.0190 | |
| S1 | 0.0182 | -4.28% |
| S2 | 0.0175 | -8.00% |
| S3 | 0.0163 | -14.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0230 | 21.05% |
| R2 | 0.0220 | 15.79% |
| R1 | 0.0200 | 5.26% |
| Price | 0.0190 | |
| S1 | 0.0170 | -10.53% |
| S2 | 0.0160 | -15.79% |
| S3 | 0.0150 | -21.05% |
1195 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 28, 2008 | Dec 15, 2008 | Jan 16, 2009 | HK$0.0038 | 1.43% |
| 2 | Oct 25, 2007 | Dec 14, 2007 | Jan 18, 2008 | HK$0.0337 | 3.89% |
| 3 | Oct 19, 2006 | Dec 14, 2006 | Jan 18, 2007 | HK$0.0337 | 3.43% |
| 4 | Oct 18, 2005 | Dec 15, 2005 | Jan 20, 2006 | HK$0.0337 | 4.93% |
| 5 | Sep 27, 2004 | Nov 08, 2004 | Dec 15, 2004 | HK$0.0337 | 3.98% |
FAQ
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