Huali University 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 Huali University Group Ltd stock price after Thursday trading.
(Updated on Jun 20, 2024)
The Huali University Group Ltd stock price fell by -3.23% on the last day (Thursday, 20th Jun 2024) from HK$0.620 to HK$0.600. During the last trading day the stock fluctuated 0% from a day low at HK$0.600 to a day high of HK$0.600. The price has fallen in 4 of the last 10 days and is down by -6.25% for this period. Volume has increased on the last day by 10 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, 10 thousand shares were bought and sold for approximately HK$6.00 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 -8.72% during the next 3 months and, with a 90% probability hold a price between HK$0.510 and HK$0.595 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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1756.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Huali University Group Ltd 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$0.614 and HK$0.638. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -13.04%. 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). Huali University 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 Huali University Group Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0 (0%) between high and low. For the last week, the stock has had daily average volatility of 0.667%.
Our recommended stop-loss: HK$0.569 (-5.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 58 days ago.)
Trading Expectations (1756.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Huali University Group Ltd to open at HK$0.600, and during the day (based on 14 day Average True Range), to move between HK$0.581 and HK$0.619, which gives a possible trading interval of +/-HK$0.0188 (+/-3.13%) up or down from last closing price. If Huali University Group Ltd takes out the full calculated possible swing range there will be an estimated 6.26% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.620, some HK$0.0200 (3.33%) from the current price of HK$0.600, our system finds the risk reward not very attractive.
Is Huali University Group Ltd stock A Buy?
Huali University Group Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Huali University Group Ltd of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.600 ( 0%) | HK$0.600 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1756.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.600 | - |
| R2 | 0.600 | - |
| R1 | 0.600 | - |
| Price | 0.600 | |
| S1 | 0.600 | - |
| S2 | 0.600 | - |
| S3 | 0.600 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.650 | 8.33% |
| R2 | 0.630 | 5.00% |
| R1 | 0.620 | 3.33% |
| Price | 0.600 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
1756 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | HK$0.0502 | 4.83% |
| 2 | Aug 03, 2021 | Aug 03, 2021 | Aug 03, 2021 | HK$0.0621 | 3.51% |
| 3 | Jan 22, 2021 | Jan 22, 2021 | Jan 22, 2021 | HK$0.0748 | 2.65% |
| 4 | Apr 16, 2020 | Jun 18, 2020 | Jul 08, 2020 | HK$0.0560 | 1.69% |
FAQ
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