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 upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)
No changes to the price of Natural Food International Holding Ltd stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 3.77% from a day low at HK$0.530 to a day high of HK$0.550. The price has fallen in 4 of the last 10 days and is down by -10% for this period.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at HK$0.544. A reaction back to this level may hold a second chance to get out before further falls.
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1837.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has fallen 0%. 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.554 and HK$0.581. A break-up above any of these levels will issue buy signals. 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
Natural Food International Holding Ltd finds support from accumulated volume at HK$0.520 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0200 between high and low, or 3.77%. For the last week the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: HK$0.505 (-6.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (1837.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Natural Food International Holding Limited to open at HK$0.540, and during the day (based on 14 day Average True Range), to move between HK$0.519 and HK$0.561, which gives a possible trading interval of +/-HK$0.0212 (+/-3.92%) 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 7.85% 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 (3.70%) than the resistance at HK$0.600 (11.11%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.590 Hold/Accumulate Upgraded
Predicted Opening Price for Natural Food International Holding Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.540 ( 0%) | HK$0.540 |
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 | 0.560 | 3.70% |
| R2 | 0.552 | 2.29% |
| R1 | 0.548 | 1.41% |
| Price | 0.540 | |
| S1 | 0.532 | -1.41% |
| S2 | 0.528 | -2.29% |
| S3 | 0.520 | -3.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.640 | 18.52% |
| R2 | 0.620 | 14.81% |
| R1 | 0.600 | 11.11% |
| Price | 0.540 | |
| S1 | 0.520 | -3.70% |
| S2 | 0.510 | -5.56% |
| S3 | 0.500 | -7.41% |
1837 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 21, 2024 | HK$0.0356 | 6.59% |
| 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
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