UKF (Holdings) Limited 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
High volatility in UKF (Holdings) Limited stock price on Wednesday which ended trading at HK$0.0910
(Updated on May 08, 2024)
The UKF (Holdings) Limited stock price fell by -9.00% on the last day (Wednesday, 8th May 2024) from HK$0.100 to HK$0.0910. During the last trading day the stock fluctuated 18.89% from a day low at HK$0.0900 to a day high of HK$0.107. The price has risen in 6 of the last 10 days and is up by 37.88% over the past 2 weeks. 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 -329 million shares and in total, 4 billion shares were bought and sold for approximately HK$345.79 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$0.0890, a level that may pose a second chance to hit a runner. According to fan-theory HK$0.229 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1468.HK Signals & Forecast
The UKF (Holdings) Limited 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$0.0883 and HK$0.0743. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 02, 2024, and so far it has fallen -16.51%. 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 UKF (Holdings) Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0770 and HK$0.0720. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, UKF (Holdings) Limited finds support just below today's level at HK$0.0770. If this is broken, then the next support from accumulated volume will be at HK$0.0720 and HK$0.0690.
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$0.0170 between high and low, or 18.89%. For the last week, the stock has had daily average volatility of 32.24%.
Our recommended stop-loss: HK$0.0857 (-5.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (1468.HK) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect UKF (Holdings) Limited to open at HK$0.0960, and during the day (based on 14 day Average True Range), to move between HK$0.0777 and HK$0.104, which gives a possible trading interval of +/-HK$0.0133 (+/-14.62%) up or down from last closing price. If UKF (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 29.25% 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$0.100 (9.89%) than the support at HK$0.0770 (15.38%), 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 UKF (Holdings) Limited stock A Buy?
UKF (Holdings) Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.205 Hold/Accumulate Downgraded
Predicted Opening Price for UKF (Holdings) Limited of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| HK$0.0960 ( 5.49%) | HK$0.0910 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1468.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.113 | 24.18 % | |
| R2 | 0.107 | 17.04 % | ||
| R1 | 0.102 | 12.63 % | ||
| Current price: | 0.0910 | |||
| Support | S1 | 0.0895 | -1.64 % | |
| S2 | 0.0855 | -6.05 % | ||
| S3 | 0.0790 | -13.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.109 | 19.78 % | ||
| R1 | 0.100 | 9.89 % | ||
| Current price | 0.0910 | |||
| Support | S1 | 0.0770 | -15.38% | |
| S2 | 0.0720 | -20.88% | ||
| S3 | 0.0690 | -24.18% |
1468 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2015 | Jul 29, 2015 | Aug 10, 2015 | HK$0.0012 | 0.500% |
| 2 | Nov 10, 2014 | Dec 03, 2014 | Dec 12, 2014 | HK$0.0022 | 0.85% |
| 3 | Jun 10, 2014 | Jul 23, 2014 | Aug 04, 2014 | HK$0.0025 | 1.44% |
| 4 | May 21, 2013 | Jul 03, 2013 | Jul 15, 2013 | HK$0.0049 | 2.30% |
FAQ
Click here for our free guide on how to buy UKF (Holdings) Limited Stock.
