KWG Group 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
A very strong day for KWG Group Holdings Limited stock price on Thursday
(Updated on May 02, 2024)
The KWG Group Holdings Limited stock price gained 8.45% on the last trading day (Thursday, 2nd May 2024), rising from HK$0.355 to HK$0.385. During the last trading day the stock fluctuated 9.86% from a day low at HK$0.355 to a day high of HK$0.390. The price has risen in 6 of the last 10 days and is up by 57.79% over the past 2 weeks. Volume fell on the last day by -11 million shares and in total, 11 million shares were bought and sold for approximately HK$4.35 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.
Given the current short-term trend, the stock is expected to fall -37.94% during the next 3 months and, with a 90% probability hold a price between HK$0.122 and HK$0.239 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1813.HK Signals & Forecast
Mostly positive signals in the chart today. The KWG Group 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$0.308 and HK$0.307. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 68.12%. 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 KWG Group Holdings Limited stock
KWG Group Holdings Limited finds support from accumulated volume at HK$0.380 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$0.0350 between high and low, or 9.86%. For the last week, the stock has had daily average volatility of 15.64%.
Our recommended stop-loss: HK$0.373 (-3.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (1813.HK) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect KWG Group Holdings Limited to open at HK$0.377, and during the day (based on 14 day Average True Range), to move between HK$0.354 and HK$0.416, which gives a possible trading interval of +/-HK$0.0306 (+/-7.94%) up or down from last closing price. If KWG Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 15.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.380 (1.30%) than the resistance at HK$0.445 (15.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KWG Group Holdings 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 Sell to a Buy candidate.
Current score: 4.139 Buy Candidate Upgraded
Predicted Opening Price for KWG Group Holdings Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| HK$0.377 ( 2.16%) | HK$0.385 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1813.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.412 | 6.93 % | |
| R2 | 0.398 | 3.45 % | ||
| R1 | 0.390 | 1.31 % | ||
| Current price: | 0.385 | |||
| Support | S1 | 0.363 | -5.64 % | |
| S2 | 0.355 | -7.78 % | ||
| S3 | 0.342 | -11.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.480 | 24.68 % | |
| R2 | 0.450 | 16.88 % | ||
| R1 | 0.445 | 15.58 % | ||
| Current price | 0.385 | |||
| Support | S1 | 0.380 | -1.30% | |
| S2 | 0.375 | -2.60% | ||
| S3 | 0.355 | -7.79% |
1813 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | HK$0.446 | 7.08% |
| 2 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | HK$0.645 | 5.77% |
| 3 | Sep 10, 2020 | Sep 10, 2020 | Sep 10, 2020 | HK$0.456 | 4.33% |
| 4 | Mar 25, 2020 | Jun 10, 2020 | Aug 07, 2020 | HK$0.457 | 4.23% |
| 5 | Aug 28, 2019 | Sep 12, 2019 | Jan 16, 2020 | HK$0.354 | 2.97% |
FAQ
Click here for our free guide on how to buy KWG Group Holdings Limited Stock.
