Snack Empire Holdings 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
Stronger technical forecast for Snack Empire Holdings Ltd stock price after Wednesday trading.
(Updated on May 22, 2024)
The Snack Empire Holdings Ltd stock price gained 4.71% on the last trading day (Wednesday, 22nd May 2024), rising from HK$0.170 to HK$0.178. During the last trading day the stock fluctuated 0.562% from a day low at HK$0.178 to a day high of HK$0.179. The price has fallen in 4 of the last 10 days but is still up by 16.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately HK$4.98 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Snack Empire Holdings Ltd stock with a 90% probability to be traded between HK$0.148 and HK$0.203 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1843.HK Signals & Forecast
The Snack Empire Holdings 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$0.175 and HK$0.166. 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). Snack Empire Holdings Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Friday, May 10, 2024, and so far it has fallen -11.44%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Snack Empire Holdings Ltd stock
Snack Empire Holdings Ltd finds support from accumulated volume at HK$0.177 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0010 between high and low, or 0.562%. For the last week, the stock has had daily average volatility of 6.29%.
Our recommended stop-loss: HK$0.168 (-5.40%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (1843.HK) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Snack Empire Holdings Ltd to open at HK$0.178, and during the day (based on 14 day Average True Range), to move between HK$0.167 and HK$0.189, which gives a possible trading interval of +/-HK$0.0114 (+/-6.38%) up or down from last closing price. If Snack Empire Holdings Ltd takes out the full calculated possible swing range there will be an estimated 12.76% 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$0.177 (0.56%) than the resistance at HK$0.180 (1.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Snack Empire Holdings Ltd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Snack Empire Holdings Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.301 Buy Candidate Upgraded
Predicted Opening Price for Snack Empire Holdings Ltd of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| HK$0.178 ( 0.187%) | HK$0.178 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1843.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.179 | 0.749 % | |
| R2 | 0.179 | 0.534 % | ||
| R1 | 0.179 | 0.402 % | ||
| Current price: | 0.178 | |||
| Support | S1 | 0.178 | -0.0273 % | |
| S2 | 0.178 | -0.160 % | ||
| S3 | 0.177 | -0.375 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.201 | 12.92 % | ||
| R1 | 0.180 | 1.12 % | ||
| Current price | 0.178 | |||
| Support | S1 | 0.177 | -0.562% | |
| S2 | 0.174 | -2.25% | ||
| S3 | 0.170 | -4.49% |
1843 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 13, 2022 | Dec 13, 2022 | Dec 13, 2022 | HK$0.0076 | 2.76% |
| 2 | May 20, 2022 | May 20, 2022 | May 20, 2022 | HK$0.0359 | 11.77% |
FAQ
Click here for our free guide on how to buy Snack Empire Holdings Ltd Stock.
