China Art Financial 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
China Art Financial Holdings Limited stock price up 0.741% on Friday
(Updated on Jun 14, 2024)
The China Art Financial Holdings Limited stock price gained 0.741% on the last trading day (Friday, 14th Jun 2024), rising from HK$0.135 to HK$0.136. During the last trading day the stock fluctuated 0.741% from a day low at HK$0.135 to a day high of HK$0.136. The price has fallen in 5 of the last 10 days. Volume fell on the last day by -28 thousand shares and in total, 8 thousand shares were bought and sold for approximately HK$1.09 thousand. 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.138 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.77% during the next 3 months and, with a 90% probability hold a price between HK$0.106 and HK$0.130 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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1572.HK Signals & Forecast
The China Art Financial Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.136. On a fall, the stock will find some support from the long-term average at approximately HK$0.135. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, March 27, 2024, and so far it has fallen -6.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for China Art Financial Holdings Limited stock
China Art Financial Holdings Limited finds support from accumulated volume at HK$0.134 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$0.0010 between high and low, or 0.741%. For the last week the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: HK$0.128 (-5.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 104 days ago.)
Trading Expectations (1572.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect China Art Financial Holdings Limited to open at HK$0.136, and during the day (based on 14 day Average True Range), to move between HK$0.131 and HK$0.141, which gives a possible trading interval of +/-HK$0.0054 (+/-3.98%) up or down from last closing price. If China Art Financial Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.96% 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$0.137 (0.74%) than the support at HK$0.134 (1.47%), 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 China Art Financial Holdings Limited stock A Buy?
China Art Financial Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.580 Hold/Accumulate Unchanged
Predicted Opening Price for China Art Financial Holdings Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.136 ( 0.245%) | HK$0.136 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1572.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.137 | 0.490% |
| R2 | 0.136 | 0.209% |
| R1 | 0.136 | 0.0358% |
| Price | 0.136 | |
| S1 | 0.135 | -0.526% |
| S2 | 0.135 | -0.700% |
| S3 | 0.135 | -0.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.158 | 16.18% |
| R2 | 0.139 | 2.21% |
| R1 | 0.137 | 0.735% |
| Price | 0.136 | |
| S1 | 0.134 | -1.47% |
| S2 | 0.133 | -2.21% |
| S3 | 0.130 | -4.41% |
1572 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2019 | Jul 04, 2019 | Jul 29, 2019 | HK$0.0100 | 0.735% |
| 2 | Mar 23, 2018 | May 23, 2018 | Jun 29, 2018 | HK$0.0200 | 2.41% |
FAQ
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