Lever Style Corp 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
Lever Style Corp stock price ended at HK$0.93 on Friday, after gaining 2.20%.
(Updated on May 17, 2024)
The Lever Style Corp stock price gained 2.20% on the last trading day (Friday, 17th May 2024), rising from HK$0.91 to HK$0.93. During the last trading day the stock fluctuated 5.56% from a day low at HK$0.90 to a day high of HK$0.95. The price has been going up and down for this period, and there has been a 3.33% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately HK$2.26 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lever Style Corp stock with a 90% probability to be traded between HK$0.86 and HK$0.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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1346.HK Signals & Forecast
Mostly positive signals in the chart today. The Lever Style Corp 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$0.88 and HK$0.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 8.14%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Lever Style Corp stock
Lever Style Corp finds support from accumulated volume at HK$0.90 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 5.56%. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: HK$0.89 (-4.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (1346.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Lever Style Corp to open at HK$0.93, and during the day (based on 14 day Average True Range), to move between HK$0.91 and HK$0.95, which gives a possible trading interval of +/-HK$0.0215 (+/-2.31%) up or down from last closing price. If Lever Style Corp takes out the full calculated possible swing range there will be an estimated 4.62% 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$0.94 (1.08%) than the support at HK$0.90 (3.23%), 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 Lever Style Corp stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Lever Style Corp stock to perform well in the short-term period.
Current score: 3.364 Buy Candidate Unchanged
Predicted Opening Price for Lever Style Corp of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.93 ( 0.358%) | HK$0.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1346.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.98 | 5.02 % | |
| R2 | 0.96 | 2.96 % | ||
| R1 | 0.95 | 1.70 % | ||
| Current price: | 0.93 | |||
| Support | S1 | 0.91 | -2.41 % | |
| S2 | 0.90 | -3.68 % | ||
| S3 | 0.88 | -5.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.96 | 3.23 % | |
| R2 | 0.95 | 2.15 % | ||
| R1 | 0.94 | 1.08 % | ||
| Current price | 0.93 | |||
| Support | S1 | 0.90 | -3.23% | |
| S2 | 0.89 | -4.30% | ||
| S3 | 0.86 | -7.53% |
1346 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | Apr 30, 2024 | HK$0.0600 | 6.82% |
| 2 | Sep 12, 2023 | Sep 12, 2023 | Sep 12, 2023 | HK$0.0300 | 3.49% |
| 3 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | HK$0.0850 | 13.08% |
| 4 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | HK$0.0250 | 6.25% |
| 5 | Mar 30, 2020 | Jun 19, 2020 | Jul 08, 2020 | HK$0.0400 | 9.30% |
FAQ
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