Minsheng Education Group Company 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
Minsheng Education Group Company Limited stock price ended at HK$0.265 on Friday, after gaining 1.92%.
(Updated on May 17, 2024)
The Minsheng Education Group Company Limited stock price gained 1.92% on the last trading day (Friday, 17th May 2024), rising from HK$0.260 to HK$0.265. During the last trading day the stock fluctuated 3.92% from a day low at HK$0.255 to a day high of HK$0.265. The price has risen in 5 of the last 10 days and is up by 1.92% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 4 million shares were bought and sold for approximately HK$1.10 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -23.54% during the next 3 months and, with a 90% probability hold a price between HK$0.143 and HK$0.228 at the end of this 3-month period. 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.
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1569.HK Signals & Forecast
The Minsheng Education Group Company 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$0.253 and HK$0.252. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 20.45%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Tuesday, January 23, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, January 23, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Minsheng Education Group Company Limited stock
Minsheng Education Group Company Limited finds support from accumulated volume at HK$0.260 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0100 between high and low, or 3.92%. For the last week the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: HK$0.253 (-4.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (1569.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Minsheng Education Group Company Limited to open at HK$0.262, and during the day (based on 14 day Average True Range), to move between HK$0.251 and HK$0.279, which gives a possible trading interval of +/-HK$0.0140 (+/-5.27%) up or down from last closing price. If Minsheng Education Group Company Limited takes out the full calculated possible swing range there will be an estimated 10.54% 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$0.270 (1.89%) than the support at HK$0.260 (1.89%), 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 Minsheng Education Group Company Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.080 Buy Candidate Unchanged
Predicted Opening Price for Minsheng Education Group Company Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$0.262 ( 1.26%) | HK$0.265 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1569.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.272 | 2.52 % | |
R2 | 0.268 | 1.07 % | ||
R1 | 0.265 | 0.184 % | ||
Current price: | 0.265 | |||
Support | S1 | 0.258 | -2.70 % | |
S2 | 0.255 | -3.59 % | ||
S3 | 0.252 | -5.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.320 | 20.75 % | |
R2 | 0.315 | 18.87 % | ||
R1 | 0.270 | 1.89 % | ||
Current price | 0.265 | |||
Support | S1 | 0.260 | -1.89% | |
S2 | 0.244 | -7.92% | ||
S3 | 0.235 | -11.32% |
1569 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 18, 2024 | Jul 18, 2024 | Aug 27, 2024 | HK$0.0098 | 3.77% |
2 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | HK$0.0429 | 15.60% |
3 | Jul 21, 2022 | Jul 21, 2022 | Jul 21, 2022 | HK$0.0532 | 7.94% |
4 | Jul 29, 2021 | Jul 29, 2021 | Jul 29, 2021 | HK$0.0107 | 0.92% |
5 | Mar 26, 2020 | Jun 24, 2020 | Aug 31, 2020 | HK$0.0284 | 2.41% |
FAQ
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