Wisdom Sports Group 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
Big movements in Wisdom Sports Group stock price on Thursday moving 15.49% between high and low
(Updated on Jun 20, 2024)
The Wisdom Sports Group stock price fell by -1.24% on the last day (Thursday, 20th Jun 2024) from HK$0.161 to HK$0.159. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 15.49% from a day low at HK$0.142 to a day high of HK$0.164. The price has fallen in 8 of the last 10 days and is down by -10.67% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 420 thousand shares were bought and sold for approximately HK$66.78 thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.79% during the next 3 months and, with a 90% probability hold a price between HK$0.151 and HK$0.231 at the end of this 3-month period.
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1661.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Wisdom Sports Group 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$0.165 and HK$0.176. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -24.29%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wisdom Sports Group stock
Wisdom Sports Group finds support from accumulated volume at HK$0.157 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$0.0220 between high and low, or 15.49%. For the last week the stock has had daily average volatility of 8.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1661.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Wisdom Sports Group to open at HK$0.155, and during the day (based on 14 day Average True Range), to move between HK$0.146 and HK$0.172, which gives a possible trading interval of +/-HK$0.0127 (+/-7.98%) up or down from last closing price. If Wisdom Sports Group takes out the full calculated possible swing range there will be an estimated 15.96% 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$0.157 (1.26%) than the resistance at HK$0.165 (3.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wisdom Sports Group stock A Buy?
The Wisdom Sports Group stock holds several negative signals and despite the positive trend, we believe Wisdom Sports Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.350 Sell Candidate Unchanged
Predicted Opening Price for Wisdom Sports Group of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.155 ( 2.52%) | HK$0.159 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1661.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.177 | 11.32% |
| R2 | 0.169 | 6.04% |
| R1 | 0.163 | 2.77% |
| Price | 0.159 | |
| S1 | 0.147 | -7.80% |
| S2 | 0.141 | -11.07% |
| S3 | 0.133 | -16.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.174 | 9.43% |
| R2 | 0.168 | 5.66% |
| R1 | 0.165 | 3.77% |
| Price | 0.159 | |
| S1 | 0.157 | -1.26% |
| S2 | 0.143 | -10.06% |
| S3 | 0.138 | -13.21% |
1661 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2019 | Jul 10, 2019 | Jul 25, 2019 | HK$0.0700 | 22.58% |
| 2 | Mar 28, 2018 | May 31, 2018 | Jun 15, 2018 | HK$0.0620 | 8.27% |
| 3 | Aug 29, 2017 | Oct 20, 2017 | Nov 15, 2017 | HK$0.0450 | 4.37% |
| 4 | Mar 24, 2015 | May 21, 2015 | Jun 10, 2015 | HK$0.118 | 1.74% |
| 5 | Mar 30, 2014 | May 21, 2014 | Jun 06, 2014 | HK$0.117 | 2.93% |
FAQ
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