Grand Ming Group 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
Grand Ming Group Holdings Limited stock price down 0% on Monday
(Updated on Jun 17, 2024)
No changes to the price of Grand Ming Group Holdings Limited stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0.309% from a day low at HK$3.24 to a day high of HK$3.25. The price has risen in 7 of the last 10 days and is up by 8% over the past 2 weeks.
Given the current short-term trend, the stock is expected to fall -25.36% during the next 3 months and, with a 90% probability hold a price between HK$1.76 and HK$2.42 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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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, 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$3.10 and HK$3.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 20.45%. Further rise is indicated until a new top pivot has been found. 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. 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". 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 0.309%. For the last week the stock has had daily average volatility of 4.18%.
Our recommended stop-loss: HK$3.12 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (1271.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Grand Ming Group Holdings Limited to open at HK$3.24, and during the day (based on 14 day Average True Range), to move between HK$3.06 and HK$3.42, which gives a possible trading interval of +/-HK$0.183 (+/-5.65%) 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 11.29% 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$3.30 (1.85%) than the support at HK$3.00 (7.41%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.086 Buy Candidate Unchanged
Predicted Opening Price for Grand Ming Group Holdings Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$3.24 ( 0.103%) | HK$3.24 |
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 | 3.25 | 0.412% |
| R2 | 3.25 | 0.294% |
| R1 | 3.25 | 0.221% |
| Price | 3.24 | |
| S1 | 3.24 | -0.0150% |
| S2 | 3.24 | -0.0879% |
| S3 | 3.23 | -0.206% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.79 | 16.98% |
| R2 | 3.50 | 8.02% |
| R1 | 3.30 | 1.85% |
| Price | 3.24 | |
| S1 | 3.00 | -7.41% |
| S2 | 2.70 | -16.67% |
| S3 | 2.69 | -16.98% |
1271 Dividend Payout History
| # | 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
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