Sundart 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
Green day on Monday for Sundart Holdings Limited stock after gaining 1.19%
(Updated on May 13, 2024)
The Sundart Holdings Limited stock price gained 1.19% on the last trading day (Monday, 13th May 2024), rising from HK$0.420 to HK$0.425. During the last trading day the stock fluctuated 4.76% from a day low at HK$0.420 to a day high of HK$0.440. The price has risen in 4 of the last 10 days and is up by 6.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 856 thousand more shares were traded than the day before. In total, 870 thousand shares were bought and sold for approximately HK$369.75 thousand.
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$0.420, a level that may pose a second chance to hit a runner. According to fan-theory HK$0.572 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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1568.HK Signals & Forecast
The Sundart 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$0.415 and HK$0.388. 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). Sundart Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Friday, May 03, 2024, and so far it has fallen -1.16%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sundart Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.400 and HK$0.335. 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, Sundart Holdings Limited finds support just below today's level at HK$0.400. If this is broken, then the next support from accumulated volume will be at HK$0.335 and HK$0.330.
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$0.0200 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 6.60%.
Our recommended stop-loss: HK$0.408 (-3.89%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (1568.HK) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Sundart Holdings Limited to open at HK$0.428, and during the day (based on 14 day Average True Range), to move between HK$0.406 and HK$0.444, which gives a possible trading interval of +/-HK$0.0185 (+/-4.36%) up or down from last closing price. If Sundart Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.71% 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$0.400 (5.88%) than the resistance at HK$0.455 (7.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sundart Holdings Limited stock A Buy?
Sundart 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.
Current score: 0.805 Hold/Accumulate Unchanged
Predicted Opening Price for Sundart Holdings Limited of Tuesday, May 14, 2024
Fair opening price May 14, 2024 | Current price |
---|---|
HK$0.428 ( 0.784%) | HK$0.425 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1568.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.448 | 5.49 % | |
R2 | 0.441 | 3.69 % | ||
R1 | 0.436 | 2.58 % | ||
Current price: | 0.425 | |||
Support | S1 | 0.421 | -1.01 % | |
S2 | 0.416 | -2.12 % | ||
S3 | 0.408 | -3.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.470 | 10.59 % | |
R2 | 0.460 | 8.24 % | ||
R1 | 0.455 | 7.06 % | ||
Current price | 0.425 | |||
Support | S1 | 0.400 | -5.88% | |
S2 | 0.335 | -21.18% | ||
S3 | 0.330 | -22.35% |
1568 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | HK$0.0600 | 15.58% |
2 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | HK$0.0700 | 17.95% |
3 | Jun 07, 2021 | Jun 07, 2021 | Jun 07, 2021 | HK$0.0800 | 4.94% |
4 | Aug 19, 2019 | Sep 05, 2019 | Sep 20, 2019 | HK$0.0250 | 0.661% |
5 | Mar 11, 2019 | Jun 05, 2019 | Jun 21, 2019 | HK$0.0500 | 1.28% |
FAQ
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