Infinity Logistics and Transport 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 Friday for Infinity Logistics and Transport stock after losing 2.90%
(Updated on May 03, 2024)
The Infinity Logistics and Transport stock price fell by -2.90% on the last day (Friday, 3rd May 2024) from HK$0.345 to HK$0.335. During the last trading day the stock fluctuated 9.09% from a day low at HK$0.330 to a day high of HK$0.360. The price has risen in 5 of the last 10 days but is still down by -1.47% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately HK$1.58 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.25% during the next 3 months and, with a 90% probability hold a price between HK$0.205 and HK$0.309 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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1442.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 4.69%. 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. The Infinity Logistics and Transport stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.336 and HK$0.351. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Friday, April 05, 2024 and based on theory for this formation the price should go up by 49.87% to HK$0.502 within 29 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Infinity Logistics and Transport stock
Infinity Logistics and Transport finds support from accumulated volume at HK$0.330 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$0.0300 between high and low, or 9.09%. For the last week, the stock has had daily average volatility of 4.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1442.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Infinity Logistics and Transport Ventures Limited to open at HK$0.342, and during the day (based on 14 day Average True Range), to move between HK$0.309 and HK$0.361, which gives a possible trading interval of +/-HK$0.0260 (+/-7.76%) up or down from last closing price. If Infinity Logistics and Transport Ventures Limited takes out the full calculated possible swing range there will be an estimated 15.53% 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$0.330 (1.49%) than the resistance at HK$0.345 (2.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Infinity Logistics and Transport Ventures Limited stock A Buy?
Infinity Logistics and Transport holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.671 Sell Candidate Unchanged
Predicted Opening Price for Infinity Logistics and Transport Ventures Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$0.342 ( 1.99%) | HK$0.335 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1442.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.372 | 10.95 % | |
| R2 | 0.360 | 7.52 % | ||
| R1 | 0.353 | 5.41 % | ||
| Current price: | 0.335 | |||
| Support | S1 | 0.330 | -1.43 % | |
| S2 | 0.323 | -3.54 % | ||
| S3 | 0.312 | -6.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.395 | 17.91 % | |
| R2 | 0.355 | 5.97 % | ||
| R1 | 0.345 | 2.99 % | ||
| Current price | 0.335 | |||
| Support | S1 | 0.330 | -1.49% | |
| S2 | 0.320 | -4.48% | ||
| S3 | 0 | . |
1442 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2020 | Sep 01, 2020 | Sep 01, 2020 | HK$0.0007 | 0.215% |
FAQ
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