Central China Securities 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
Red day on Monday for Central China Securities Co., Ltd.
(Updated on Jun 17, 2024)
No changes to the price of Central China Securities Co., Ltd. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 1.92% from a day low at HK$1.04 to a day high of HK$1.06. The price has been going up and down for this period, and there has been a -2.75% loss for the last 2 weeks.
The stock lies in the middle of a wide and weak 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 4.05% during the next 3 months and, with a 90% probability hold a price between HK$1.04 and HK$1.26 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1375.HK Signals & Forecast
There are mixed signals in the stock today. The Central China Securities Co., Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$1.10. On a fall, the stock will find some support from the short-term average at HK$1.05. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 1.92%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Central China Securities Co., Ltd. stock
Central China Securities Co., Ltd. finds support from accumulated volume at HK$1.05 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$0.0200 between high and low, or 1.92%. For the last week, the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1375.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Central China Securities Co., Ltd. to open at HK$1.05, and during the day (based on 14 day Average True Range), to move between HK$1.03 and HK$1.09, which gives a possible trading interval of +/-HK$0.0323 (+/-3.05%) up or down from last closing price. If Central China Securities Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$1.05 (0.94%) than the resistance at HK$1.09 (2.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Central China Securities Co., Ltd. stock A Buy?
Central China Securities Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.832 Sell Candidate Unchanged
Predicted Opening Price for Central China Securities Co., Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$1.05 ( 0.629%) | HK$1.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1375.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.07 | 1.26% |
| R2 | 1.07 | 0.537% |
| R1 | 1.06 | 0.0918% |
| Price | 1.06 | |
| S1 | 1.05 | -1.35% |
| S2 | 1.04 | -1.79% |
| S3 | 1.03 | -2.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.18 | 11.32% |
| R2 | 1.10 | 3.77% |
| R1 | 1.09 | 2.83% |
| Price | 1.06 | |
| S1 | 1.05 | -0.94% |
| S2 | 1.01 | -4.72% |
| S3 | 0.98 | -7.55% |
1375 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | HK$0.0078 | 0.672% |
| 2 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | HK$0.0250 | 1.88% |
| 3 | Nov 22, 2021 | Nov 22, 2021 | Nov 22, 2021 | HK$0.0207 | 1.47% |
| 4 | Jul 20, 2021 | Jul 20, 2021 | Jul 20, 2021 | HK$0.0204 | 1.40% |
| 5 | Nov 25, 2019 | Nov 25, 2019 | Nov 25, 2019 | HK$0.0223 | 1.42% |
FAQ
Click here for our free guide on how to buy Central China Securities Co., Ltd. Stock.
