Boer Power 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
Boer Power Holdings Limited stock price ended at HK$0.171 on Wednesday, after gaining 0.588%.
(Updated on Jul 03, 2024)
The Boer Power Holdings Limited stock price gained 0.588% on the last trading day (Wednesday, 3rd Jul 2024), rising from HK$0.170 to HK$0.171. During the last trading day the stock fluctuated 0.585% from a day low at HK$0.171 to a day high of HK$0.172. The price has fallen in 5 of the last 10 days and is down by -14.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately HK$1.88 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.163 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.52% during the next 3 months and, with a 90% probability hold a price between HK$0.169 and HK$0.211 at the end of this 3-month period.
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1685.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 0.588%. Further rise is indicated until a new top pivot has been found. Boer Power Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Boer Power 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$0.175 and HK$0.184. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Boer Power Holdings Limited stock
Boer Power 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0010 between high and low, or 0.585%. For the last week, the stock has had daily average volatility of 5.50%.
Our recommended stop-loss: HK$0.161 (-5.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (1685.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Boer Power Holdings Limited to open at HK$0.171, and during the day (based on 14 day Average True Range), to move between HK$0.161 and HK$0.181, which gives a possible trading interval of +/-HK$0.0097 (+/-5.66%) up or down from last closing price. If Boer Power Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.33% 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$0.174 (1.75%) than the support at HK$0.168 (1.75%), 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 Boer Power Holdings Limited stock A Buy?
Boer Power 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Boer Power Holdings Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$0.171 ( 0.195%) | HK$0.171 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1685.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.172 | 0.780% |
| R2 | 0.172 | 0.556% |
| R1 | 0.172 | 0.418% |
| Price | 0.171 | |
| S1 | 0.171 | -0.0285% |
| S2 | 0.171 | -0.166% |
| S3 | 0.170 | -0.390% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.195 | 14.04% |
| R2 | 0.181 | 5.85% |
| R1 | 0.174 | 1.75% |
| Price | 0.171 | |
| S1 | 0.168 | -1.75% |
| S2 | 0.165 | -3.51% |
| S3 | 0.163 | -4.68% |
1685 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2016 | Apr 13, 2016 | May 25, 2016 | HK$0.130 | 3.70% |
| 2 | Nov 05, 2015 | Dec 07, 2015 | Dec 21, 2015 | HK$0.200 | 1.34% |
| 3 | Aug 12, 2015 | Nov 16, 2015 | Nov 30, 2015 | HK$0.260 | 1.72% |
| 4 | Mar 06, 2015 | May 07, 2015 | May 20, 2015 | HK$0.190 | 1.20% |
| 5 | Feb 05, 2015 | Feb 17, 2015 | Mar 10, 2015 | HK$0.180 | 1.92% |
FAQ
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