AP Rentals 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
Stronger technical forecast for AP Rentals Holdings Limited stock price after Friday trading.
(Updated on Jun 28, 2024)
No changes to the price of AP Rentals Holdings Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.119 to a day high of HK$0.119. The price has been going up and down for this period, and there has been a 9.17% gain for the last 2 weeks.
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 -8.89% during the next 3 months and, with a 90% probability hold a price between HK$0.0915 and HK$0.121 at the end of this 3-month period.
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1496.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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 AP Rentals Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.125 and HK$0.121. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AP Rentals Holdings Limited stock
AP Rentals Holdings Limited finds support from accumulated volume at HK$0.117 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.53%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1496.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect AP Rentals Holdings Limited to open at HK$0.119, and during the day (based on 14 day Average True Range), to move between HK$0.112 and HK$0.126, which gives a possible trading interval of +/-HK$0.0066 (+/-5.52%) up or down from last closing price. If AP Rentals Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.05% 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$0.117 (1.68%) than the resistance at HK$0.123 (3.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AP Rentals Holdings Limited stock A Buy?
AP Rentals Holdings Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.299 Sell Candidate Upgraded
Predicted Opening Price for AP Rentals Holdings Limited of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
HK$0.119 ( 0%) | HK$0.119 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1496.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.119 | - |
R2 | 0.119 | - |
R1 | 0.119 | - |
Price | 0.119 | |
S1 | 0.119 | - |
S2 | 0.119 | - |
S3 | 0.119 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.129 | 8.40% |
R2 | 0.124 | 4.20% |
R1 | 0.123 | 3.36% |
Price | 0.119 | |
S1 | 0.117 | -1.68% |
S2 | 0.116 | -2.52% |
S3 | 0.107 | -10.08% |
1496 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 30, 2024 | Aug 30, 2024 | Sep 16, 2024 | HK$0.0060 | 5.04% |
2 | Aug 25, 2023 | Aug 25, 2023 | Sep 11, 2023 | HK$0.0065 | 4.96% |
3 | Jun 26, 2018 | Aug 27, 2018 | Sep 11, 2018 | HK$0.0035 | 0.795% |
4 | Nov 28, 2017 | Dec 11, 2017 | Jan 03, 2018 | HK$0.0068 | 1.89% |
5 | Jun 28, 2017 | Aug 29, 2017 | Sep 14, 2017 | HK$0.0028 | 0.747% |
FAQ
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