Huaxi Holdings Company 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
Big movements in Huaxi Holdings Company Limited stock price on Wednesday moving 12.31% between high and low
(Updated on Jul 03, 2024)
The Huaxi Holdings Company Limited stock price gained 5.88% on the last trading day (Wednesday, 3rd Jul 2024), rising from HK$0.680 to HK$0.720. During the last trading day the stock fluctuated 12.31% from a day low at HK$0.650 to a day high of HK$0.730. The price has fallen in 7 of the last 10 days and is down by -11.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 250 thousand more shares were traded than the day before. In total, 642 thousand shares were bought and sold for approximately HK$462.24 thousand.
The stock lies in the middle of a 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 -26.32% during the next 3 months and, with a 90% probability hold a price between HK$0.498 and HK$0.565 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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1689.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 5.88%. 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). Huaxi Holdings Company 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Huaxi Holdings Company Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.775. On a fall, the stock will find some support from the short-term average at HK$0.719. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Huaxi Holdings Company Limited stock
Huaxi Holdings Company Limited finds support from accumulated volume at HK$0.710 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$0.0800 between high and low, or 12.31%. For the last week, the stock has had daily average volatility of 6.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1689.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Huaxi Holdings Company Limited to open at HK$0.700, and during the day (based on 14 day Average True Range), to move between HK$0.657 and HK$0.783, which gives a possible trading interval of +/-HK$0.0630 (+/-8.76%) up or down from last closing price. If Huaxi Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 17.51% 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$0.710 (1.39%) than the resistance at HK$0.750 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Huaxi Holdings Company Limited stock A Buy?
Huaxi Holdings Company Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.773 Sell Candidate Unchanged
Predicted Opening Price for Huaxi Holdings Company Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$0.700 ( 2.78%) | HK$0.720 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1689.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.780 | 8.33% |
| R2 | 0.749 | 4.09% |
| R1 | 0.731 | 1.47% |
| Price | 0.720 | |
| S1 | 0.669 | -7.02% |
| S2 | 0.651 | -9.64% |
| S3 | 0.620 | -13.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.85 | 18.06% |
| R2 | 0.760 | 5.56% |
| R1 | 0.750 | 4.17% |
| Price | 0.720 | |
| S1 | 0.710 | -1.39% |
| S2 | 0.700 | -2.78% |
| S3 | 0.690 | -4.17% |
1689 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 05, 2021 | Nov 05, 2021 | Nov 05, 2021 | HK$0.0400 | 1.98% |
| 2 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | HK$0.0400 | 1.47% |
| 3 | Sep 11, 2020 | Sep 11, 2020 | Sep 11, 2020 | HK$0.0400 | 2.45% |
| 4 | Mar 27, 2020 | Jun 09, 2020 | Jun 24, 2020 | HK$0.0400 | 2.25% |
| 5 | Nov 15, 2019 | Nov 28, 2019 | Dec 13, 2019 | HK$0.0100 | 0.483% |
FAQ
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