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
Red day on Thursday for VIVA Biotech Holdings
(Updated on Jun 20, 2024)
The VIVA Biotech Holdings stock price fell by -3.64% on the last day (Thursday, 20th Jun 2024) from HK$0.550 to HK$0.530. During the last trading day the stock fluctuated 9.62% from a day low at HK$0.520 to a day high of HK$0.570. The price has fallen in 6 of the last 10 days and is down by -15.87% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -332 thousand shares and in total, 986 thousand shares were bought and sold for approximately HK$522.58 thousand.
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$0.524 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 22.11% during the next 3 months and, with a 90% probability hold a price between HK$0.640 and HK$1.06 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$0.570 and HK$0.627. 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 -34.57%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for VIVA Biotech Holdings stock
VIVA Biotech Holdings 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 may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0500 between high and low, or 9.62%. For the last week the stock has had daily average volatility of 8.63%.
VIVA Biotech Holdings is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Friday 21st
For the upcoming trading day on Friday, 21st we expect VIVA Biotech Holdings to open at HK$0.540, and during the day (based on 14 day Average True Range), to move between HK$0.479 and HK$0.581, which gives a possible trading interval of +/-HK$0.0509 (+/-9.60%) up or down from last closing price. If VIVA Biotech Holdings takes out the full calculated possible swing range there will be an estimated 19.20% 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 (1.89%) than the resistance at HK$0.560 (5.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
VIVA Biotech Holdings will release earnings BMO on Wednesday, June 26, 2024. We will update the financials statements for VIVA Biotech Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.83% in the first trading day after earnings release.
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: -1.587 Sell Candidate Unchanged
Predicted Opening Price for VIVA Biotech Holdings of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.540 ( 1.89%) | HK$0.530 |
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 | 0.590 | 11.32% |
| R2 | 0.571 | 7.72% |
| R1 | 0.559 | 5.49% |
| Price | 0.530 | |
| S1 | 0.521 | -1.72% |
| S2 | 0.509 | -3.94% |
| S3 | 0.490 | -7.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.640 | 20.75% |
| R2 | 0.630 | 18.87% |
| R1 | 0.560 | 5.66% |
| Price | 0.530 | |
| S1 | 0.520 | -1.89% |
| S2 | 0.495 | -6.60% |
| S3 | 0.480 | -9.43% |
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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