Shineroad International 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
Red day on Friday for Shineroad International Holdings Limited
(Updated on May 31, 2024)
No changes to the price of Shineroad International Holdings Limited stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.430 to a day high of HK$0.430. The price has been going up and down for this period, and there has been a -13.13% loss 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 -18.91% during the next 3 months and, with a 90% probability hold a price between HK$0.241 and HK$0.431 at the end of this 3-month period.
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1587.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Shineroad International 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$0.480 and HK$0.439. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen 0%. 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 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 Shineroad International Holdings Limited stock
Shineroad International Holdings Limited finds support from accumulated volume at HK$0.425 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 4.71%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1587.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Shineroad International Holdings Limited to open at HK$0.430, and during the day (based on 14 day Average True Range), to move between HK$0.398 and HK$0.462, which gives a possible trading interval of +/-HK$0.0315 (+/-7.33%) up or down from last closing price. If Shineroad International Holdings Limited takes out the full calculated possible swing range there will be an estimated 14.66% 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$0.425 (1.16%) than the resistance at HK$0.440 (2.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shineroad International Holdings Limited stock A Buy?
Shineroad International Holdings Limited 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.
Current score: -2.838 Sell Candidate Unchanged
Predicted Opening Price for Shineroad International Holdings Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$0.430 ( 0%) | HK$0.430 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1587.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.430 | . | |
| R2 | 0.430 | . | ||
| R1 | 0.430 | . | ||
| Current price: | 0.430 | |||
| Support | S1 | 0.430 | . | |
| S2 | 0.430 | . | ||
| S3 | 0.430 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.530 | 23.26 % | |
| R2 | 0.450 | 4.65 % | ||
| R1 | 0.440 | 2.33 % | ||
| Current price | 0.430 | |||
| Support | S1 | 0.425 | -1.16% | |
| S2 | 0.420 | -2.33% | ||
| S3 | 0.415 | -3.49% |
1587 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | Jun 14, 2024 | HK$0.0150 | 3.49% |
| 2 | May 23, 2023 | May 23, 2023 | May 23, 2023 | HK$0.0150 | 2.46% |
| 3 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | HK$0.0225 | 3.46% |
| 4 | May 23, 2022 | May 23, 2022 | May 23, 2022 | HK$0.0225 | 3.88% |
| 5 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | HK$0.0150 | 3.90% |
FAQ
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