Pacific Millennium Packaging Group Corp 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
Pacific Millennium Packaging Group Corp stock price ended at HK$6.32 on Thursday, after losing 0%.
(Updated on Jun 20, 2024)
No changes to the price of Pacific Millennium Packaging Group Corp stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$6.32 to a day high of HK$6.32. The price has been going up and down for this period, and there has been a 0.16% gain for the last 2 weeks.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. HK$6.32 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach HK$6.34 sometime during the next 3 months.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1820.HK Signals & Forecast
The Pacific Millennium Packaging Group Corp 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$6.32 and HK$6.31. 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 Wednesday, June 19, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, April 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 16, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 16, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 16, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Pacific Millennium Packaging Group Corp stock
Pacific Millennium Packaging Group Corp finds support from accumulated volume at HK$6.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: HK$6.02 (-4.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (1820.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Pacific Millennium Packaging Group Corporation to open at HK$6.32, and during the day (based on 14 day Average True Range), to move between HK$6.32 and HK$6.32, which gives a possible trading interval of +/-HK$0.0022 (+/-0.03%) up or down from last closing price. If Pacific Millennium Packaging Group Corporation takes out the full calculated possible swing range there will be an estimated 0.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$6.31, some HK$0.0100 (0.16%) from the current price of HK$6.32, our system finds the risk reward attractive.
Is Pacific Millennium Packaging Group Corporation stock A Buy?
Pacific Millennium Packaging Group Corp 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: 0.755 Hold/Accumulate Unchanged
Predicted Opening Price for Pacific Millennium Packaging Group Corporation of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$6.32 ( 0%) | HK$6.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1820.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.32 | - |
| R2 | 6.32 | - |
| R1 | 6.32 | - |
| Price | 6.32 | |
| S1 | 6.32 | - |
| S2 | 6.32 | - |
| S3 | 6.32 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 6.32 | |
| S1 | 6.31 | -0.158% |
| S2 | 6.30 | -0.316% |
| S3 | 0 | - |
1820 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jul 19, 2024 | HK$0.0800 | 1.27% |
| 2 | Oct 20, 2023 | Oct 20, 2023 | Oct 20, 2023 | HK$0.0800 | 1.27% |
| 3 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | HK$0.0800 | 1.27% |
| 4 | Oct 21, 2022 | Oct 21, 2022 | Oct 21, 2022 | HK$0.0800 | 1.30% |
| 5 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | HK$0.0800 | 1.29% |
FAQ
Click here for our free guide on how to buy Pacific Millennium Packaging Group Corporation Stock.
