China Titans Energy Technology Group 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
China Titans Energy Technology Group stock price ended at HK$0.310 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of China Titans Energy Technology Group stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 1.64% from a day low at HK$0.305 to a day high of HK$0.310. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. HK$0.310 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach HK$0.326 sometime during the next 3 months.
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2188.HK Signals & Forecast
The China Titans Energy Technology Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.306 and HK$0.307. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for China Titans Energy Technology Group stock
China Titans Energy Technology Group finds support from accumulated volume at HK$0.305 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0.0050 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 2.70%
Our recommended stop-loss: HK$0.298 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (2188.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect China Titans Energy Technology Group Co., Limited to open at HK$0.308, and during the day (based on 14 day Average True Range), to move between HK$0.304 and HK$0.316, which gives a possible trading interval of +/-HK$0.0062 (+/-2.01%) up or down from last closing price. If China Titans Energy Technology Group Co., Limited takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.305, some HK$0.0050 (1.61%) from the current price of HK$0.310, our system finds the risk reward attractive.
Is China Titans Energy Technology Group Co., Limited stock A Buy?
China Titans Energy Technology Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.252 Hold/Accumulate Unchanged
Predicted Opening Price for China Titans Energy Technology Group Co., Limited of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
HK$0.308 ( 0.538%) | HK$0.310 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2188.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.313 | 1.08% |
R2 | 0.311 | 0.459% |
R1 | 0.310 | 0.0785% |
Price | 0.310 | |
S1 | 0.306 | -1.15% |
S2 | 0.305 | -1.53% |
S3 | 0.303 | -2.15% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 0.310 | |
S1 | 0.305 | -1.61% |
S2 | 0.300 | -3.23% |
S3 | 0.295 | -4.84% |
2188 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2012 | May 29, 2012 | Jun 15, 2012 | HK$0.0100 | 1.89% |
2 | Aug 29, 2011 | Sep 09, 2011 | Oct 21, 2011 | HK$0.0300 | 3.80% |
FAQ
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