Red Star Macalline Group Corp 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 Star Macalline Group Corp Ltd. stock downgraded from Hold/Accumulate to Strong Sell Candidate after Friday trading session.
(Updated on May 24, 2024)
The Red Star Macalline Group Corp Ltd. stock price fell by -4.88% on the last day (Friday, 24th May 2024) from HK$1.64 to HK$1.56. During the last trading day the stock fluctuated 6.49% from a day low at HK$1.54 to a day high of HK$1.64. The price has risen in 6 of the last 10 days. Volume has increased on the last day by 2 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, 2 million shares were bought and sold for approximately HK$3.74 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 -5.73% during the next 3 months and, with a 90% probability hold a price between HK$1.25 and HK$1.70 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.
1528.HK Signals & Forecast
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 Red Star Macalline Group Corp Ltd. 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$1.69 and HK$1.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -13.81%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Red Star Macalline Group Corp Ltd. stock
Red Star Macalline Group Corp Ltd. finds support from accumulated volume at HK$1.54 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.1000 between high and low, or 6.49%. For the last week, the stock has had daily average volatility of 6.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1528.HK) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Red Star Macalline Group Corporation Ltd. to open at HK$1.58, and during the day (based on 14 day Average True Range), to move between HK$1.48 and HK$1.64, which gives a possible trading interval of +/-HK$0.0817 (+/-5.24%) up or down from last closing price. If Red Star Macalline Group Corporation Ltd. takes out the full calculated possible swing range there will be an estimated 10.48% 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$1.54 (1.28%) than the resistance at HK$1.72 (10.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Red Star Macalline Group Corporation Ltd. stock A Buy?
Red Star Macalline Group Corp Ltd. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.412 Strong Sell Candidate Downgraded
Predicted Opening Price for Red Star Macalline Group Corporation Ltd. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| HK$1.58 ( 1.28%) | HK$1.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1528.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.68 | 7.69 % | |
| R2 | 1.64 | 5.24 % | ||
| R1 | 1.62 | 3.73 % | ||
| Current price: | 1.56 | |||
| Support | S1 | 1.54 | -1.17 % | |
| S2 | 1.52 | -2.68 % | ||
| S3 | 1.48 | -5.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.81 | 16.03 % | |
| R2 | 1.73 | 10.90 % | ||
| R1 | 1.72 | 10.26 % | ||
| Current price | 1.56 | |||
| Support | S1 | 1.54 | -1.28% | |
| S2 | 1.46 | -6.41% | ||
| S3 | 1.39 | -10.90% |
1528 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | HK$0.0503 | 1.70% |
| 2 | Jun 27, 2022 | Jun 27, 2022 | Jun 27, 2022 | HK$0.116 | 4.00% |
| 3 | Jun 24, 2020 | Jun 24, 2020 | Jun 24, 2020 | HK$0.277 | 6.32% |
| 4 | Jun 20, 2019 | Jun 20, 2019 | Jun 20, 2019 | HK$0.283 | 4.57% |
| 5 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | HK$0.356 | 3.54% |
FAQ
Click here for our free guide on how to buy Red Star Macalline Group Corporation Ltd. Stock.
