COSCO SHIPPING Holdings Co., 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
COSCO SHIPPING Holdings Co., Ltd. stock price up 1.12% on Friday
(Updated on May 17, 2024)
The COSCO SHIPPING Holdings Co., Ltd. stock price gained 1.12% on the last trading day (Friday, 17th May 2024), rising from HK$12.54 to HK$12.68. During the last trading day the stock fluctuated 4.37% from a day low at HK$12.36 to a day high of HK$12.90. The price has risen in 8 of the last 10 days and is up by 24.07% over the past 2 weeks. Volume fell on the last day by -22 million shares and in total, 43 million shares were bought and sold for approximately HK$539.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at HK$11.71, a level that may pose a second chance to hit a runner. According to fan-theory HK$13.74 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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1919.HK Signals & Forecast
Mostly positive signals in the chart today. The COSCO SHIPPING Holdings Co., 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$11.99 and HK$9.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 59.10%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, November 10, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, November 10, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for COSCO SHIPPING Holdings Co., Ltd. stock
COSCO SHIPPING Holdings Co., Ltd. finds support from accumulated volume at HK$12.36 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.540 between high and low, or 4.37%. For the last week, the stock has had daily average volatility of 4.26%.
The COSCO SHIPPING Holdings Co., Ltd. stock is extremely overbought on RSI14 (98). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: HK$12.36 (-2.54%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 98 and this increases the risk substantially. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (1919.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect COSCO SHIPPING Holdings Co., Ltd. to open at HK$12.65, and during the day (based on 14 day Average True Range), to move between HK$12.29 and HK$13.07, which gives a possible trading interval of +/-HK$0.389 (+/-3.07%) up or down from last closing price. If COSCO SHIPPING Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.14% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$12.36, some HK$0.320 (2.52%) from the current price of HK$12.68, our system finds the risk reward attractive.
Is COSCO SHIPPING Holdings Co., Ltd. stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for COSCO SHIPPING Holdings Co., Ltd. stock to perform well in the short-term period.
Current score: 4.625 Buy Candidate Unchanged
Predicted Opening Price for COSCO SHIPPING Holdings Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$12.65 ( 0.263%) | HK$12.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1919.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.19 | 4.00 % | |
| R2 | 12.98 | 2.37 % | ||
| R1 | 12.85 | 1.36 % | ||
| Current price: | 12.68 | |||
| Support | S1 | 12.44 | -1.89 % | |
| S2 | 12.31 | -2.89 % | ||
| S3 | 12.11 | -4.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 12.68 | |||
| Support | S1 | 12.36 | -2.52% | |
| S2 | 11.42 | -9.94% | ||
| S3 | 10.16 | -19.87% |
1919 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 28, 2024 | HK$0.249 | 1.96% |
| 2 | Nov 20, 2023 | Nov 20, 2023 | Nov 20, 2023 | HK$0 | 0% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | HK$1.55 | 21.35% |
| 4 | Nov 25, 2022 | Nov 25, 2022 | Nov 25, 2022 | HK$2.21 | 28.05% |
| 5 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | HK$1.02 | 8.72% |
FAQ
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