Guolian 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
Guolian Securities Co., Ltd. stock price took a fall of -6.62% on Friday
(Updated on May 17, 2024)
The Guolian Securities Co., Ltd. stock price fell by -6.62% on the last day (Friday, 17th May 2024) from HK$3.93 to HK$3.67. During the last trading day the stock fluctuated 8.10% from a day low at HK$3.58 to a day high of HK$3.87. The price has risen in 6 of the last 10 days but is still down by -5.41% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 million shares and in total, 48 million shares were bought and sold for approximately HK$175.72 million.
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 15.20% during the next 3 months and, with a 90% probability hold a price between HK$3.51 and HK$5.09 at the end of this 3-month period.
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1456.HK Signals & Forecast
The Guolian Securities Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$4.02. On a fall, the stock will find some support from the long-term average at approximately HK$3.41. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -16.59%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Guolian Securities Co., Ltd. stock
Guolian Securities Co., Ltd. finds support from accumulated volume at HK$3.64 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.290 between high and low, or 8.10%. For the last week, the stock has had daily average volatility of 8.69%.
Our recommended stop-loss: HK$3.46 (-5.74%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (1456.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Guolian Securities Co., Ltd. to open at HK$3.71, and during the day (based on 14 day Average True Range), to move between HK$3.42 and HK$3.92, which gives a possible trading interval of +/-HK$0.249 (+/-6.78%) up or down from last closing price. If Guolian Securities Co., Ltd. takes out the full calculated possible swing range there will be an estimated 13.55% 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$3.69 (0.54%) than the support at HK$3.64 (0.82%), 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 Guolian Securities Co., Ltd. stock A Buy?
Guolian Securities Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.377 Hold/Accumulate Unchanged
Predicted Opening Price for Guolian Securities Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$3.71 ( 1.00%) | HK$3.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1456.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.00 | 8.90 % | |
| R2 | 3.89 | 5.88 % | ||
| R1 | 3.82 | 4.02 % | ||
| Current price: | 3.67 | |||
| Support | S1 | 3.60 | -2.02 % | |
| S2 | 3.53 | -3.88 % | ||
| S3 | 3.42 | -6.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.93 | 7.08 % | |
| R2 | 3.70 | 0.82 % | ||
| R1 | 3.69 | 0.545 % | ||
| Current price | 3.67 | |||
| Support | S1 | 3.64 | -0.82% | |
| S2 | 3.58 | -2.45% | ||
| S3 | 3.28 | -10.63% |
1456 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | HK$0.117 | 2.61% |
| 2 | May 13, 2021 | May 13, 2021 | May 13, 2021 | HK$0.120 | 3.38% |
| 3 | Mar 27, 2019 | Jun 19, 2019 | Aug 12, 2019 | HK$0.0568 | 2.63% |
| 4 | Mar 15, 2017 | Jul 04, 2017 | Aug 29, 2017 | HK$0.160 | 4.02% |
FAQ
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