Kinetic Mines and Energy 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
Kinetic Mines and Energy Limited stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The Kinetic Mines and Energy Limited stock price gained 0.88% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$1.13 to HK$1.14. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.42% from a day low at HK$1.13 to a day high of HK$1.18. The price has risen in 6 of the last 10 days and is up by 10.68% over the past 2 weeks. Volume fell on the last day by -456 thousand shares and in total, 8 million shares were bought and sold for approximately HK$9.59 million. 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 stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.51% during the next 3 months and, with a 90% probability hold a price between HK$1.12 and HK$1.51 at the end of this 3-month period.
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1277.HK Signals & Forecast
Mostly positive signals in the chart today. The Kinetic Mines and Energy 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$1.05 and HK$1.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 28.09%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Kinetic Mines and Energy Limited stock
Kinetic Mines and Energy Limited finds support from accumulated volume at HK$1.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0500 between high and low, or 4.42%. For the last week, the stock has had daily average volatility of 6.86%.
Our recommended stop-loss: HK$1.11 (-3.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (1277.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Kinetic Mines and Energy Limited to open at HK$1.15, and during the day (based on 14 day Average True Range), to move between HK$1.08 and HK$1.20, which gives a possible trading interval of +/-HK$0.0603 (+/-5.29%) up or down from last closing price. If Kinetic Mines and Energy Limited takes out the full calculated possible swing range there will be an estimated 10.57% 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$1.15 (0.88%) than the support at HK$1.13 (0.88%), 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 Kinetic Mines and Energy Limited stock A Buy?
Kinetic Mines and Energy Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.697 Strong Buy Candidate Upgraded
Predicted Opening Price for Kinetic Mines and Energy Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$1.15 ( 0.88%) | HK$1.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1277.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.20 | 5.26% |
| R2 | 1.18 | 3.59% |
| R1 | 1.17 | 2.55% |
| Price | 1.14 | |
| S1 | 1.13 | -0.798% |
| S2 | 1.12 | -1.83% |
| S3 | 1.10 | -3.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 1.18 | 3.51% |
| R1 | 1.15 | 0.88% |
| Price | 1.14 | |
| S1 | 1.13 | -0.88% |
| S2 | 1.00 | -12.28% |
| S3 | 0.89 | -21.93% |
1277 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | Jun 28, 2024 | HK$0.0500 | 4.42% |
| 2 | Apr 23, 2024 | Apr 23, 2024 | May 07, 2024 | HK$0.0300 | 3.30% |
| 3 | Dec 21, 2023 | Dec 21, 2023 | Jan 08, 2024 | HK$0.0400 | 6.45% |
| 4 | Oct 09, 2023 | Oct 09, 2023 | Nov 02, 2023 | HK$0.0300 | 6.32% |
| 5 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | HK$0.0700 | 12.28% |
FAQ
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