ESR Cayman 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
Weaker technical forecast for ESR Cayman Ltd as stock downgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The ESR Cayman Ltd stock price gained 2.53% on the last trading day (Friday, 3rd May 2024), rising from HK$8.70 to HK$8.92. During the last trading day the stock fluctuated 3.48% from a day low at HK$8.62 to a day high of HK$8.92. The price has risen in 6 of the last 10 days and is up by 12.06% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 6 million shares were bought and sold for approximately HK$52.73 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 -20.85% during the next 3 months and, with a 90% probability hold a price between HK$5.06 and HK$7.06 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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1821.HK Signals & Forecast
The ESR Cayman Ltd 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$8.58 and HK$8.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 19.73%. 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 ESR Cayman Ltd stock
ESR Cayman Ltd finds support from accumulated volume at HK$8.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.300 between high and low, or 3.48%. For the last week, the stock has had daily average volatility of 4.28%.
Our recommended stop-loss: HK$8.63 (-3.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (1821.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ESR Cayman Ltd to open at HK$8.82, and during the day (based on 14 day Average True Range), to move between HK$8.53 and HK$9.31, which gives a possible trading interval of +/-HK$0.388 (+/-4.35%) up or down from last closing price. If ESR Cayman Ltd takes out the full calculated possible swing range there will be an estimated 8.69% 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$8.58 (3.81%) than the resistance at HK$10.14 (13.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ESR Cayman Ltd stock A Buy?
ESR Cayman 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: 0.000 Hold/Accumulate Downgraded
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 ESR Cayman Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$8.82 ( 1.12%) | HK$8.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1821.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.12 | 2.24 % | |
| R2 | 9.01 | 0.96 % | ||
| R1 | 8.93 | 0.164 % | ||
| Current price: | 8.92 | |||
| Support | S1 | 8.71 | -2.41 % | |
| S2 | 8.63 | -3.20 % | ||
| S3 | 8.52 | -4.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.46 | 17.26 % | |
| R2 | 10.20 | 14.35 % | ||
| R1 | 10.14 | 13.68 % | ||
| Current price | 8.92 | |||
| Support | S1 | 8.58 | -3.81% | |
| S2 | 8.05 | -9.75% | ||
| S3 | 7.76 | -13.00% |
1821 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 28, 2024 | HK$0.125 | 1.40% |
| 2 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | HK$0.125 | 1.08% |
| 3 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | HK$0.125 | 1.05% |
| 4 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | HK$0.125 | 0.89% |
| 5 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | HK$0.125 | 0.576% |
FAQ
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