Guotai Junan International Holdings 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=7af89690dc608c90c3195b6dbe9356f97168a843)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=7af89690dc608c90c3195b6dbe9356f97168a843)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=7af89690dc608c90c3195b6dbe9356f97168a843)
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
Guotai Junan International Holdings Ltd stock downgraded to Hold/Accumulate
(Updated on Jul 04, 2024)
No changes to the price of Guotai Junan International Holdings Ltd stock on the last trading day (Thursday, 4th Jul 2024). During the last trading day the stock fluctuated 3.39% from a day low at HK$0.590 to a day high of HK$0.610. The price has been going up and down for this period, and there has been a -1.61% loss for the last 2 weeks.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.03% during the next 3 months and, with a 90% probability hold a price between HK$0.674 and HK$0.80 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1788.HK Signals & Forecast
The Guotai Junan International Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.604 and HK$0.608. 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, May 17, 2024, and so far it has fallen -6.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Guotai Junan International Holdings Ltd stock
Guotai Junan International Holdings Ltd finds support from accumulated volume at HK$0.600 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.0200 (3.39%) between high and low. For the last week, the stock has had daily average volatility of 3.38%.
Our recommended stop-loss: HK$0.575 (-5.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 53 days ago.)
Trading Expectations (1788.HK) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Guotai Junan International Holdings Limited to open at HK$0.603, and during the day (based on 14 day Average True Range), to move between HK$0.584 and HK$0.636, which gives a possible trading interval of +/-HK$0.0258 (+/-4.23%) up or down from last closing price. If Guotai Junan International Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.46% 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$0.620 (1.64%) than the support at HK$0.600 (1.64%), 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 Guotai Junan International Holdings Limited stock A Buy?
Guotai Junan International Holdings Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.419 Hold/Accumulate Downgraded
Predicted Opening Price for Guotai Junan International Holdings Limited of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
HK$0.603 ( 1.09%) | HK$0.610 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1788.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.623 | 2.19% |
R2 | 0.616 | 0.93% |
R1 | 0.611 | 0.160% |
Price | 0.610 | |
S1 | 0.596 | -2.35% |
S2 | 0.591 | -3.12% |
S3 | 0.583 | -4.37% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.640 | 4.92% |
R2 | 0.630 | 3.28% |
R1 | 0.620 | 1.64% |
Price | 0.610 | |
S1 | 0.600 | -1.64% |
S2 | 0.590 | -3.28% |
S3 | 0.580 | -4.92% |
1788 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 28, 2024 | May 28, 2024 | Jun 17, 2024 | HK$0.0100 | 1.61% |
2 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | HK$0.0100 | 1.54% |
3 | Sep 08, 2023 | Sep 08, 2023 | Sep 27, 2023 | HK$0.0100 | 1.64% |
4 | May 25, 2023 | May 25, 2023 | May 25, 2023 | HK$0.0100 | 1.59% |
5 | Sep 07, 2022 | Sep 07, 2022 | Sep 07, 2022 | HK$0.0300 | 4.00% |
FAQ
Click here for our free guide on how to buy Guotai Junan International Holdings Limited Stock.