Zhaobangji Properties 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
Zhaobangji Properties Holdings Limited stock price up 1.80% on Wednesday
(Updated on Jul 03, 2024)
The Zhaobangji Properties Holdings Limited stock price gained 1.80% on the last trading day (Wednesday, 3rd Jul 2024), rising from HK$0.167 to HK$0.170. During the last trading day the stock fluctuated 8.81% from a day low at HK$0.159 to a day high of HK$0.173. The price has fallen in 5 of the last 10 days and is down by -8.6% for this period. Volume fell on the last day by -2 million shares and in total, 6 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.162 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.25% during the next 3 months and, with a 90% probability hold a price between HK$0.131 and HK$0.182 at the end of this 3-month period.
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1660.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 3.66%. 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. The Zhaobangji Properties Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.172 and HK$0.193. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Zhaobangji Properties Holdings Limited stock
Zhaobangji Properties Holdings Limited finds support from accumulated volume at HK$0.168 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$0.0140 between high and low, or 8.81%. For the last week the stock has had daily average volatility of 7.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1660.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Zhaobangji Properties Holdings Limited to open at HK$0.167, and during the day (based on 14 day Average True Range), to move between HK$0.156 and HK$0.184, which gives a possible trading interval of +/-HK$0.0141 (+/-8.31%) up or down from last closing price. If Zhaobangji Properties Holdings Limited takes out the full calculated possible swing range there will be an estimated 16.61% 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$0.168 (1.18%) than the resistance at HK$0.179 (5.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zhaobangji Properties Holdings Limited stock A Buy?
Zhaobangji Properties 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: -3.250 Sell Candidate Unchanged
Predicted Opening Price for Zhaobangji Properties Holdings Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$0.167 ( 1.57%) | HK$0.170 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1660.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.181 | 6.67% |
| R2 | 0.176 | 3.52% |
| R1 | 0.173 | 1.58% |
| Price | 0.170 | |
| S1 | 0.162 | -4.71% |
| S2 | 0.159 | -6.66% |
| S3 | 0.153 | -9.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.209 | 22.94% |
| R2 | 0.185 | 8.82% |
| R1 | 0.179 | 5.29% |
| Price | 0.170 | |
| S1 | 0.168 | -1.18% |
| S2 | 0.167 | -1.76% |
| S3 | 0.164 | -3.53% |
FAQ
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