Huiyin Smart Community Co 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
Volatile ride for Huiyin Smart Community Co Ltd stock price on Friday moving between HK$0.82 and HK$0.94
(Updated on May 17, 2024)
The Huiyin Smart Community Co Ltd stock price gained 2.41% on the last trading day (Friday, 17th May 2024), rising from HK$0.83 to HK$0.85. It has now gained 3 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 14.63% from a day low at HK$0.82 to a day high of HK$0.94. The price has risen in 6 of the last 10 days and is up by 70% over the past 2 weeks. Volume fell on the last day by -206 thousand shares and in total, 926 thousand shares were bought and sold for approximately HK$787.10 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.
Given the current short-term trend, the stock is expected to rise 10.83% during the next 3 months and, with a 90% probability hold a price between HK$0.585 and HK$0.94 at the end of this 3-month period.
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1280.HK Signals & Forecast
The Huiyin Smart Community Co Ltd 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$0.653 and HK$0.534. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 88.89%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Huiyin Smart Community Co Ltd stock
Huiyin Smart Community Co Ltd finds support from accumulated volume at HK$0.83 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 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$0.120 between high and low, or 14.63%. For the last week the stock has had daily average volatility of 16.60%.
The Huiyin Smart Community Co Ltd stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: HK$0.83 (-2.76%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (1280.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Huiyin Smart Community Co Ltd to open at HK$0.87, and during the day (based on 14 day Average True Range), to move between HK$0.788 and HK$0.91, which gives a possible trading interval of +/-HK$0.0619 (+/-7.28%) up or down from last closing price. If Huiyin Smart Community Co Ltd takes out the full calculated possible swing range there will be an estimated 14.57% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.83, some HK$0.0200 (2.35%) from the current price of HK$0.85, our system finds the risk reward attractive.
Is Huiyin Smart Community Co Ltd stock A Buy?
Huiyin Smart Community Co Ltd 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 Hold/Accumulate to a Strong Buy candidate.
Current score: 6.313 Strong Buy Candidate Upgraded
Predicted Opening Price for Huiyin Smart Community Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.87 ( 2.35%) | HK$0.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1280.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.99 | 16.47 % | |
| R2 | 0.94 | 11.08 % | ||
| R1 | 0.92 | 7.75 % | ||
| Current price: | 0.85 | |||
| Support | S1 | 0.82 | -3.04 % | |
| S2 | 0.796 | -6.37 % | ||
| S3 | 0.750 | -11.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.85 | |||
| Support | S1 | 0.83 | -2.35% | |
| S2 | 0.700 | -17.65% | ||
| S3 | 0 | . |
1280 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2011 | Jun 10, 2011 | Jun 10, 2011 | HK$0.400 | 1.23% |
FAQ
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