51 Credit Card 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
Stronger technical forecast for 51 Credit Card Inc. stock price after Friday trading.
(Updated on May 17, 2024)
The 51 Credit Card Inc. stock price gained 3.33% on the last trading day (Friday, 17th May 2024), rising from HK$0.120 to HK$0.124. During the last trading day the stock fluctuated 5.04% from a day low at HK$0.119 to a day high of HK$0.125. The price has risen in 4 of the last 10 days and is up by 1.64% over the past 2 weeks. Volume fell on the last day by -100 thousand shares and in total, 950 thousand shares were bought and sold for approximately HK$117.80 thousand. 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 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$0.121 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 62.92% during the next 3 months and, with a 90% probability hold a price between HK$0.197 and HK$0.224 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2051.HK Signals & Forecast
The 51 Credit Card Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.127. On a fall, the stock will find some support from the long-term average at approximately HK$0.122. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -6.06%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for 51 Credit Card Inc. stock
51 Credit Card Inc. finds support from accumulated volume at HK$0.120 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$0.0060 between high and low, or 5.04%. For the last week the stock has had daily average volatility of 4.91%.
Our recommended stop-loss: HK$0.118 (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (2051.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect 51 Credit Card Inc. to open at HK$0.123, and during the day (based on 14 day Average True Range), to move between HK$0.117 and HK$0.131, which gives a possible trading interval of +/-HK$0.0069 (+/-5.58%) up or down from last closing price. If 51 Credit Card Inc. takes out the full calculated possible swing range there will be an estimated 11.16% 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$0.126 (1.61%) than the support at HK$0.120 (3.23%), 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 51 Credit Card Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for 51 Credit Card Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.747 Buy Candidate Upgraded
Predicted Opening Price for 51 Credit Card Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.123 ( 1.08%) | HK$0.124 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2051.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.129 | 3.76 % | |
| R2 | 0.126 | 1.92 % | ||
| R1 | 0.125 | 0.773 % | ||
| Current price: | 0.124 | |||
| Support | S1 | 0.120 | -2.92 % | |
| S2 | 0.119 | -4.07 % | ||
| S3 | 0.117 | -5.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.130 | 4.84 % | |
| R2 | 0.129 | 4.03 % | ||
| R1 | 0.126 | 1.61 % | ||
| Current price | 0.124 | |||
| Support | S1 | 0.120 | -3.23% | |
| S2 | 0.119 | -4.03% | ||
| S3 | 0.115 | -7.26% |
FAQ
Click here for our free guide on how to buy 51 Credit Card Inc. Stock.
