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
Trio Industrial Electronics Group Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)
The Trio Industrial Electronics Group Ltd stock price fell by -1.89% on the last day (Friday, 14th Jun 2024) from HK$0.265 to HK$0.260. During the last trading day the stock fluctuated 3.92% from a day low at HK$0.255 to a day high of HK$0.265. The price has been going up and down for this period, and there has been a 14.04% gain for the last 2 weeks. Volume has increased on the last day by 92 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 244 thousand shares were bought and sold for approximately HK$63.44 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.274 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.42% during the next 3 months and, with a 90% probability hold a price between HK$0.191 and HK$0.259 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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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$0.259 and HK$0.233. 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). 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 -5.45%. Further fall is indicated until a new bottom pivot has been found. Trio Industrial Electronics Group Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Trio Industrial Electronics Group Ltd stock
Trio Industrial Electronics Group Ltd finds support from accumulated volume at HK$0.250 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.0100 between high and low, or 3.92%. For the last week, the stock has had daily average volatility of 5.45%.
Our recommended stop-loss: HK$0.248 (-4.51%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (1710.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th 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$0.247 and HK$0.273, which gives a possible trading interval of +/-HK$0.0132 (+/-5.09%) 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 10.18% 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$0.265 (1.92%) than the support at HK$0.250 (3.85%), 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, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.200 Buy Candidate Upgraded
Predicted Opening Price for Trio Industrial Electronics Group Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.260 ( 0%) | HK$0.260 |
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 | 0.270 | 3.85% |
| R2 | 0.266 | 2.38% |
| R1 | 0.264 | 1.47% |
| Price | 0.260 | |
| S1 | 0.256 | -1.47% |
| S2 | 0.254 | -2.38% |
| S3 | 0.250 | -3.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.275 | 5.77% |
| R1 | 0.265 | 1.92% |
| Price | 0.260 | |
| S1 | 0.250 | -3.85% |
| S2 | 0.223 | -14.23% |
| S3 | 0.217 | -16.54% |
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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