Enterprise Development Holdings 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
Enterprise Development Holdings Limited stock price up 3.86% on Thursday
(Updated on Jun 27, 2024)
The Enterprise Development Holdings Limited stock price gained 3.86% on the last trading day (Thursday, 27th Jun 2024), rising from HK$5.18 to HK$5.38. It has now gained 10 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 5.38% from a day low at HK$5.20 to a day high of HK$5.48. The price has risen in 10 of the last 10 days and is up by 61.08% over the past 2 weeks. Volume fell on the last day by -148 thousand shares and in total, 749 thousand shares were bought and sold for approximately HK$4.03 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at HK$4.31, a level that may pose a second chance to hit a runner.
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1808.HK Signals & Forecast
The Enterprise Development Holdings Limited 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$4.66 and HK$3.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 124.17%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Enterprise Development Holdings Limited stock
Enterprise Development Holdings Limited finds support from accumulated volume at HK$5.18 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.280 between high and low, or 5.38%. For the last week, the stock has had daily average volatility of 7.91%.
Since the Enterprise Development Holdings Limited has been rising for 10 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: HK$5.19 (-3.50%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (1808.HK) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Enterprise Development Holdings Limited to open at HK$5.35, and during the day (based on 14 day Average True Range), to move between HK$5.13 and HK$5.63, which gives a possible trading interval of +/-HK$0.247 (+/-4.59%) up or down from last closing price. If Enterprise Development Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$5.18, some HK$0.200 (3.72%) from the current price of HK$5.38, our system finds the risk reward attractive.
Is Enterprise Development Holdings Limited stock A Buy?
Enterprise Development Holdings Limited 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Enterprise Development Holdings Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| HK$5.35 ( 0.496%) | HK$5.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1808.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.63 | 4.71% |
| R2 | 5.53 | 2.72% |
| R1 | 5.46 | 1.49% |
| Price | 5.38 | |
| S1 | 5.25 | -2.48% |
| S2 | 5.18 | -3.71% |
| S3 | 5.07 | -5.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 5.38 | |
| S1 | 5.18 | -3.72% |
| S2 | 4.88 | -9.29% |
| S3 | 4.05 | -24.72% |
1808 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2008 | May 07, 2008 | Jun 12, 2008 | HK$7.94 | 5.32% |
FAQ
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