Natural Food International Holding 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
Natural Food International Holding Ltd stock price ended at HK$0.550 on Thursday, after losing 0%.
(Updated on Jun 20, 2024)
No changes to the price of Natural Food International Holding Ltd stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 1.85% from a day low at HK$0.540 to a day high of HK$0.550. The price has been going up and down for this period, and there has been a -3.51% loss for the last 2 weeks.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.549 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.16% during the next 3 months and, with a 90% probability hold a price between HK$0.632 and HK$0.782 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.
1837.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 1.85%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Natural Food International Holding Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.584. On a fall, the stock will find some support from the short-term average at HK$0.546. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Natural Food International Holding Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.520 and HK$0.510. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Natural Food International Holding Ltd finds support just below today's level at HK$0.520. If this is broken, then the next support from accumulated volume will be at HK$0.510 and HK$0.500.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0100 between high and low, or 1.85%. For the last week the stock has had daily average volatility of 4.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1837.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Natural Food International Holding Limited to open at HK$0.547, and during the day (based on 14 day Average True Range), to move between HK$0.528 and HK$0.572, which gives a possible trading interval of +/-HK$0.0223 (+/-4.05%) up or down from last closing price. If Natural Food International Holding Limited takes out the full calculated possible swing range there will be an estimated 8.11% 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$0.520 (5.45%) than the resistance at HK$0.600 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Natural Food International Holding Limited stock A Buy?
Natural Food International Holding Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.744 Sell Candidate Unchanged
Predicted Opening Price for Natural Food International Holding Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.547 ( 0.606%) | HK$0.550 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1837.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.557 | 1.21% |
| R2 | 0.553 | 0.518% |
| R1 | 0.550 | 0.0885% |
| Price | 0.550 | |
| S1 | 0.543 | -1.30% |
| S2 | 0.540 | -1.73% |
| S3 | 0.537 | -2.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.640 | 16.36% |
| R2 | 0.620 | 12.73% |
| R1 | 0.600 | 9.09% |
| Price | 0.550 | |
| S1 | 0.520 | -5.45% |
| S2 | 0.510 | -7.27% |
| S3 | 0.500 | -9.09% |
1837 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 21, 2024 | HK$0.0356 | 6.47% |
| 2 | Sep 13, 2021 | Sep 13, 2021 | Sep 13, 2021 | HK$0.0200 | 3.85% |
| 3 | Aug 30, 2019 | Sep 12, 2019 | Sep 30, 2019 | HK$0.0200 | 1.47% |
| 4 | Mar 29, 2019 | Jun 05, 2019 | Jun 28, 2019 | HK$0.0233 | 1.33% |
FAQ
Click here for our free guide on how to buy Natural Food International Holding Limited Stock.
