VIVA Biotech Holdings 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
Big movements in VIVA Biotech Holdings stock price on Friday moving 15.09% between high and low
(Updated on Jun 14, 2024)
The VIVA Biotech Holdings stock price fell by -8.20% on the last day (Friday, 14th Jun 2024) from HK$0.610 to HK$0.560. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 15.09% from a day low at HK$0.530 to a day high of HK$0.610. The price has fallen in 6 of the last 10 days and is down by -12.5% for this period. Volume has increased on the last day by 10 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately HK$5.91 million.
The stock lies in the lower part of a very 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$0.530 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 26.85% during the next 3 months and, with a 90% probability hold a price between HK$0.672 and HK$1.10 at the end of this 3-month period.
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1873.HK Signals & Forecast
There are few to no technical positive signals at the moment. The VIVA Biotech Holdings 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$0.619 and HK$0.626. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -30.86%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for VIVA Biotech Holdings stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.530 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, VIVA Biotech Holdings finds support just below today's level at HK$0.530. If this is broken, then the next support from accumulated volume will be at HK$0.510 and HK$0.495.
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$0.0800 between high and low, or 15.09%. For the last week, the stock has had daily average volatility of 8.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1873.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect VIVA Biotech Holdings to open at HK$0.567, and during the day (based on 14 day Average True Range), to move between HK$0.504 and HK$0.616, which gives a possible trading interval of +/-HK$0.0557 (+/-9.94%) up or down from last closing price. If VIVA Biotech Holdings takes out the full calculated possible swing range there will be an estimated 19.89% 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$0.530 (5.36%) than the resistance at HK$0.610 (8.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VIVA Biotech Holdings stock A Buy?
The VIVA Biotech Holdings stock holds several negative signals and despite the positive trend, we believe VIVA Biotech Holdings will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.088 Sell Candidate Unchanged
Predicted Opening Price for VIVA Biotech Holdings of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.567 ( 1.19%) | HK$0.560 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1873.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.647 | 15.48% |
| R2 | 0.616 | 10.02% |
| R1 | 0.597 | 6.65% |
| Price | 0.560 | |
| S1 | 0.536 | -4.27% |
| S2 | 0.517 | -7.64% |
| S3 | 0.487 | -13.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.640 | 14.29% |
| R2 | 0.630 | 12.50% |
| R1 | 0.610 | 8.93% |
| Price | 0.560 | |
| S1 | 0.530 | -5.36% |
| S2 | 0.510 | -8.93% |
| S3 | 0.495 | -11.61% |
1873 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | HK$0.0100 | 0.100% |
| 2 | Sep 11, 2020 | Sep 11, 2020 | Sep 11, 2020 | HK$0.0170 | 0.199% |
| 3 | Mar 30, 2020 | Jun 15, 2020 | Jul 10, 2020 | HK$0.0150 | 0.156% |
| 4 | Aug 28, 2019 | Sep 09, 2019 | Sep 30, 2019 | HK$0.0050 | 0.111% |
FAQ
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