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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 1271.HK
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Green day on Thursday for Grand Ming Group Holdings Limited stock after gaining 0.304%
(Updated on Jun 20, 2024)

Buy or Hold candidate since Jun 12, 2024 Gain 3.77% PDF

The Grand Ming Group Holdings Limited stock price gained 0.304% on the last trading day (Thursday, 20th Jun 2024), rising from HK$3.29 to HK$3.30. During the last trading day the stock fluctuated 0.304% from a day low at HK$3.29 to a day high of HK$3.30. The price has risen in 7 of the last 10 days and is up by 22.22% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 18 thousand shares were bought and sold for approximately HK$59.40 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$3.27, a level that may pose a second chance to hit a runner. According to fan-theory HK$4.20 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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1271.HK Signals & Forecast

The Grand Ming Group Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$3.25 and HK$3.11. 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). 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 Tuesday, June 18, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Grand Ming Group Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$3.00 and HK$2.70. 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, Grand Ming Group Holdings Limited finds support just below today's level at HK$3.00. If this is broken, then the next support from accumulated volume will be at HK$2.70 and HK$2.69.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0100 between high and low, or 0.304%. For the last week the stock has had daily average volatility of 2.58%.

Our recommended stop-loss: HK$3.19 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (1271.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Grand Ming Group Holdings Limited to open at HK$3.30, and during the day (based on 14 day Average True Range), to move between HK$3.14 and HK$3.46, which gives a possible trading interval of +/-HK$0.157 (+/-4.76%) up or down from last closing price. If Grand Ming Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.53% 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$3.50 (6.06%) than the support at HK$3.00 (9.09%), 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 Grand Ming Group Holdings Limited stock A Buy?

Grand Ming Group Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.669 Hold/Accumulate Unchanged

Predicted Opening Price for Grand Ming Group Holdings Limited of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
HK$3.30 ( 0.101%) HK$3.30

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 1271.HK

Fibonacci Support & Resistance Levels

Level Price
R3 3.31 0.202%
R2 3.30 0.0863%
R1 3.30 0.0147%
Price 3.30
S1 3.29 -0.217%
S2 3.29 -0.288%
S3 3.29 -0.404%

Accumulated Volume Support & Resistance Levels

Level Price
R3 3.79 14.85%
R2 3.76 13.94%
R1 3.50 6.06%
Price 3.30
S1 3.00 -9.09%
S2 2.70 -18.18%
S3 2.69 -18.48%

1271 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 27, 2023 Nov 27, 2023 Dec 20, 2023 HK$0.0400 1.03%
2 Aug 10, 2023 Aug 10, 2023 Sep 18, 2023 HK$0.150 3.49%
3 Nov 28, 2022 Nov 28, 2022 Nov 28, 2022 HK$0.0600 1.53%
4 Aug 11, 2022 Aug 11, 2022 Aug 11, 2022 HK$0.0400 0.552%
5 Jun 10, 2022 Jun 10, 2022 Jun 10, 2022 HK$0.200 2.54%

FAQ

What is the symbol for Grand Ming Group Holdings Limited Stock and on which exchange is it traded?
The symbol for Grand Ming Group Holdings Limited is 1271.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Grand Ming Group Holdings Limited Stock?
Grand Ming Group Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Grand Ming Group Holdings Limited Stock?
Grand Ming Group Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Grand Ming Group Holdings Limited Stock.

What's the current price of Grand Ming Group Holdings Limited Stock?
As of the end of day on the Jun 20, 2024, the price of an Grand Ming Group Holdings Limited (1271.HK) share was HK$3.30.

What is the 52-week high and low for Grand Ming Group Holdings Limited Stock?
The 52-week high for Grand Ming Group Holdings Limited Stock is HK$5.10 and the 52-week low is HK$2.53.

What is the market capitalization of Grand Ming Group Holdings Limited Stock?
As of the Jun 20, 2024, the market capitalization of Grand Ming Group Holdings Limited is 4.616B.
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About Grand Ming Group Holdings Limited

Grand Ming Group Holdings Limited, an investment holding company, engages in the building construction, property leasing, and property development businesses in Hong Kong. The Construction segment constructs residential and commercial buildings, as well as data centers. The Property Leasing segment is involved in leasing of data centers and commercial shops. The Property Development segment develops and sells properties. The company was founded i... 1271.HK Profile

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