Trio Industrial Electronics Group Ltd 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
Stronger technical forecast for Trio Industrial Electronics Group Ltd stock price after Thursday trading.
(Updated on Jun 20, 2024)
The Trio Industrial Electronics Group Ltd stock price gained 3.92% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.255 to HK$0.265. During the last trading day the stock fluctuated 6.00% from a day low at HK$0.250 to a day high of HK$0.265. The price has been going up and down for this period, and there has been a 19.91% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 236 thousand more shares were traded than the day before. In total, 252 thousand shares were bought and sold for approximately HK$66.78 thousand.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at HK$0.275 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Trio Industrial Electronics Group Ltd stock with a 90% probability to be traded between HK$0.210 and HK$0.274 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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1710.HK Signals & Forecast
The Trio Industrial Electronics Group Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.261 and HK$0.237. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Trio Industrial Electronics Group Ltd 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. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Trio Industrial Electronics Group Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.250 and HK$0.223. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Trio Industrial Electronics Group Ltd finds support just below today's level at HK$0.250. If this is broken, then the next support from accumulated volume will be at HK$0.223 and HK$0.217.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0150 between high and low, or 6.00%. For the last week, the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: HK$0.252 (-5.05%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (1710.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Trio Industrial Electronics Group Limited to open at HK$0.260, and during the day (based on 14 day Average True Range), to move between HK$0.253 and HK$0.277, which gives a possible trading interval of +/-HK$0.0115 (+/-4.35%) up or down from last closing price. If Trio Industrial Electronics Group Limited takes out the full calculated possible swing range there will be an estimated 8.69% 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$0.275 (3.77%) than the support at HK$0.250 (5.66%), 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 Trio Industrial Electronics Group Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Trio Industrial Electronics Group Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.067 Buy Candidate Upgraded
Predicted Opening Price for Trio Industrial Electronics Group Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.260 ( 1.89%) | HK$0.265 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1710.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.275 | 3.77% |
| R2 | 0.269 | 1.61% |
| R1 | 0.266 | 0.275% |
| Price | 0.265 | |
| S1 | 0.254 | -4.05% |
| S2 | 0.251 | -5.38% |
| S3 | 0.245 | -7.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.275 | 3.77% |
| Price | 0.265 | |
| S1 | 0.250 | -5.66% |
| S2 | 0.223 | -15.85% |
| S3 | 0.217 | -18.11% |
1710 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 25, 2023 | Sep 25, 2023 | Oct 20, 2023 | HK$0.0080 | 3.14% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | HK$0.0120 | 4.53% |
| 3 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | HK$0.0080 | 5.63% |
| 4 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | HK$0.0120 | 4.90% |
| 5 | Sep 21, 2020 | Sep 21, 2020 | Sep 21, 2020 | HK$0.0080 | 4.82% |
FAQ
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