SIM Technology Group Limited 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
SIM Technology Group Limited stock price ended at HK$0.410 on Thursday, after gaining 1.23%.
(Updated on Jun 20, 2024)
The SIM Technology Group Limited stock price gained 1.23% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.405 to HK$0.410. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.75% from a day low at HK$0.400 to a day high of HK$0.415. The price has risen in 5 of the last 10 days and is up by 17.14% 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, 626 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$1.17 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.59% during the next 3 months and, with a 90% probability hold a price between HK$0.380 and HK$0.495 at the end of this 3-month period.
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2000.HK Signals & Forecast
Mostly positive signals in the chart today. The SIM Technology Group Limited 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$0.377 and HK$0.335. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 38.98%. 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). SIM Technology Group Limited 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for SIM Technology Group Limited stock
SIM Technology Group Limited finds support from accumulated volume at HK$0.400 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$0.0150 between high and low, or 3.75%. For the last week, the stock has had daily average volatility of 4.27%.
The SIM Technology Group Limited stock is extremely overbought on RSI14 (89). This increases the short-term risk substantially.
Our recommended stop-loss: HK$0.397 (-3.22%) (This stock has high daily movements and this gives high risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (2000.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect SIM Technology Group Limited to open at HK$0.408, and during the day (based on 14 day Average True Range), to move between HK$0.395 and HK$0.425, which gives a possible trading interval of +/-HK$0.0146 (+/-3.56%) up or down from last closing price. If SIM Technology Group Limited takes out the full calculated possible swing range there will be an estimated 7.12% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.400, some HK$0.0100 (2.44%) from the current price of HK$0.410, our system finds the risk reward attractive.
Is SIM Technology Group Limited stock A Buy?
SIM Technology Group Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.309 Strong Buy Candidate Unchanged
Predicted Opening Price for SIM Technology Group Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.408 ( 0.407%) | HK$0.410 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2000.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.423 | 3.25% |
| R2 | 0.418 | 1.85% |
| R1 | 0.414 | 0.99% |
| Price | 0.410 | |
| S1 | 0.403 | -1.80% |
| S2 | 0.399 | -2.67% |
| S3 | 0.393 | -4.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.410 | |
| S1 | 0.400 | -2.44% |
| S2 | 0.385 | -6.10% |
| S3 | 0.340 | -17.07% |
2000 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 26, 2024 | HK$0.0400 | 13.11% |
| 2 | May 23, 2018 | Jun 11, 2018 | Jun 28, 2018 | HK$0.0400 | 12.50% |
| 3 | Mar 30, 2017 | Jun 12, 2017 | Jun 29, 2017 | HK$0.0100 | 2.82% |
| 4 | Aug 19, 2011 | Sep 19, 2011 | Oct 07, 2011 | HK$0.0085 | 1.79% |
| 5 | Mar 03, 2011 | May 06, 2011 | Jun 08, 2011 | HK$0.0256 | 2.27% |
FAQ
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