West China Cement 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
West China Cement Limited stock price up 2.91% on Tuesday
(Updated on Jul 02, 2024)
The West China Cement Limited stock price gained 2.91% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$1.03 to HK$1.06. During the last trading day the stock fluctuated 5.83% from a day low at HK$1.03 to a day high of HK$1.09. The price has fallen in 5 of the last 10 days and is down by -1.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately HK$19.37 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$1.01 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.11% during the next 3 months and, with a 90% probability hold a price between HK$0.99 and HK$1.24 at the end of this 3-month period.
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2233.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 4.95%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The West China Cement Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$1.12. On a fall, the stock will find some support from the short-term average at HK$1.03. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for West China Cement Limited stock
West China Cement Limited finds support from accumulated volume at HK$1.05 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0600 between high and low, or 5.83%. For the last week, the stock has had daily average volatility of 3.97%.
Our recommended stop-loss: HK$1.01 (-5.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (2233.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect West China Cement Limited to open at HK$1.06, and during the day (based on 14 day Average True Range), to move between HK$1.01 and HK$1.11, which gives a possible trading interval of +/-HK$0.0467 (+/-4.40%) up or down from last closing price. If West China Cement Limited takes out the full calculated possible swing range there will be an estimated 8.81% 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$1.07 (0.94%) than the support at HK$1.05 (0.94%), 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 West China Cement Limited stock A Buy?
West China Cement Limited 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: 0.958 Hold/Accumulate Unchanged
Predicted Opening Price for West China Cement Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$1.06 ( 0%) | HK$1.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2233.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.12 | 5.66% |
| R2 | 1.10 | 3.50% |
| R1 | 1.08 | 2.16% |
| Price | 1.06 | |
| S1 | 1.04 | -2.16% |
| S2 | 1.02 | -3.50% |
| S3 | 1.00 | -5.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.26 | 18.87% |
| R2 | 1.16 | 9.43% |
| R1 | 1.07 | 0.94% |
| Price | 1.06 | |
| S1 | 1.05 | -0.94% |
| S2 | 1.03 | -2.83% |
| S3 | 1.01 | -4.72% |
2233 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | Jul 31, 2024 | HK$0.0230 | 2.17% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | HK$0.0744 | 8.75% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | HK$0.100 | 9.01% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | HK$0.0410 | 3.31% |
| 5 | Mar 31, 2020 | Jul 02, 2020 | Jul 31, 2020 | HK$0.0690 | 4.18% |
FAQ
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