Medialink Group 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
Evaluation of Medialink Group Ltd stock downgraded after the last trading session.
(Updated on Jun 20, 2024)
No changes to the price of Medialink Group Ltd stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.170 to a day high of HK$0.170. The price has been going up and down for this period, and there has been a -0.58% loss for the last 2 weeks.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.27% during the next 3 months and, with a 90% probability hold a price between HK$0.151 and HK$0.163 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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2230.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.592%. 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 Medialink Group Ltd 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$0.172 and HK$0.173. 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 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Medialink Group Ltd stock
Medialink Group Ltd finds support from accumulated volume at HK$0.169 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.07%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2230.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Medialink Group Ltd to open at HK$0.170, and during the day (based on 14 day Average True Range), to move between HK$0.168 and HK$0.172, which gives a possible trading interval of +/-HK$0.0025 (+/-1.46%) up or down from last closing price. If Medialink Group Ltd takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.169 (0.59%) than the resistance at HK$0.172 (1.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Medialink Group Ltd stock A Buy?
Medialink Group Ltd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.682 Sell Candidate Downgraded
Predicted Opening Price for Medialink Group Ltd of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.170 ( 0%) | HK$0.170 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2230.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.170 | - |
| R2 | 0.170 | - |
| R1 | 0.170 | - |
| Price | 0.170 | |
| S1 | 0.170 | - |
| S2 | 0.170 | - |
| S3 | 0.170 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.182 | 7.06% |
| R2 | 0.174 | 2.35% |
| R1 | 0.172 | 1.18% |
| Price | 0.170 | |
| S1 | 0.169 | -0.588% |
| S2 | 0 | - |
| S3 | 0 | - |
2230 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Jan 15, 2024 | HK$0.0089 | 5.00% |
| 2 | Sep 21, 2023 | Sep 21, 2023 | Oct 30, 2023 | HK$0.0042 | 2.32% |
| 3 | Dec 15, 2022 | Dec 15, 2022 | Dec 15, 2022 | HK$0.0070 | 4.52% |
| 4 | Sep 23, 2022 | Sep 23, 2022 | Oct 25, 2022 | HK$0.0035 | 2.73% |
| 5 | Dec 16, 2021 | Dec 16, 2021 | Jan 13, 2022 | HK$0.0050 | 3.01% |
FAQ
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