JH Educational Technology INC 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
Weaker technical forecast for JH Educational Technology INC as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The JH Educational Technology INC stock price fell by -2.56% on the last day (Tuesday, 25th Jun 2024) from HK$0.780 to HK$0.760. During the last trading day the stock fluctuated 2.63% from a day low at HK$0.760 to a day high of HK$0.780. The price has fallen in 4 of the last 10 days and is down by -10.59% 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 -8 thousand shares and in total, 2 thousand shares were bought and sold for approximately HK$1.52 thousand.
The stock lies in the lower part of a 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$0.748 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 16.55% during the next 3 months and, with a 90% probability hold a price between HK$0.87 and HK$1.01 at the end of this 3-month period.
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1935.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 2.70%. 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 JH Educational Technology INC 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$0.774 and HK$0.780. 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 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for JH Educational Technology INC stock
JH Educational Technology INC finds support from accumulated volume at HK$0.730 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 2.63%. For the last week the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: HK$0.719 (-5.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (1935.HK) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect JH Educational Technology INC to open at HK$0.767, and during the day (based on 14 day Average True Range), to move between HK$0.738 and HK$0.782, which gives a possible trading interval of +/-HK$0.0222 (+/-2.92%) up or down from last closing price. If JH Educational Technology INC takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.780 (2.63%) than the support at HK$0.730 (3.95%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is JH Educational Technology INC stock A Buy?
JH Educational Technology INC 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.871 Hold/Accumulate Downgraded
Predicted Opening Price for JH Educational Technology INC of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| HK$0.767 ( 0.88%) | HK$0.760 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1935.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.787 | 3.51% |
| R2 | 0.779 | 2.50% |
| R1 | 0.774 | 1.88% |
| Price | 0.760 | |
| S1 | 0.759 | -0.128% |
| S2 | 0.754 | -0.749% |
| S3 | 0.747 | -1.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.83 | 9.21% |
| R2 | 0.790 | 3.95% |
| R1 | 0.780 | 2.63% |
| Price | 0.760 | |
| S1 | 0.730 | -3.95% |
| S2 | 0.690 | -9.21% |
| S3 | 0.680 | -10.53% |
1935 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2023 | May 23, 2023 | May 23, 2023 | HK$0.0150 | 1.35% |
| 2 | May 21, 2021 | May 21, 2021 | May 21, 2021 | HK$0.0625 | 1.30% |
| 3 | Mar 26, 2020 | May 26, 2020 | Jun 09, 2020 | HK$0.0540 | 2.74% |
| 4 | Aug 28, 2019 | Oct 03, 2019 | Oct 21, 2019 | HK$0.0750 | 4.52% |
FAQ
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