HC Group 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
Red day on Friday for HC Group Inc.
(Updated on May 03, 2024)
The HC Group Inc. stock price fell by -4.76% on the last day (Friday, 3rd May 2024) from HK$0.210 to HK$0.200. During the last trading day the stock fluctuated 0% from a day low at HK$0.200 to a day high of HK$0.200. The price has been going up and down for this period, and there has been a -3.38% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -212 thousand shares and in total, 49 thousand shares were bought and sold for approximately HK$9.80 thousand.
The stock lies in the middle of a very wide and 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 -7.16% during the next 3 months and, with a 90% probability hold a price between HK$0.169 and HK$0.233 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.
2280.HK Signals & Forecast
There are mixed signals in the stock today. The HC Group Inc. 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$0.203 and HK$0.222. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.53%. 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).
Support, Risk & Stop-loss for HC Group Inc. stock
HC Group Inc. finds support from accumulated volume at HK$0.199 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2280.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect HC Group Inc. to open at HK$0.200, and during the day (based on 14 day Average True Range), to move between HK$0.181 and HK$0.219, which gives a possible trading interval of +/-HK$0.0186 (+/-9.32%) up or down from last closing price. If HC Group Inc. takes out the full calculated possible swing range there will be an estimated 18.65% 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$0.199 (0.50%) than the resistance at HK$0.220 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HC Group Inc. stock A Buy?
HC Group Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.479 Sell Candidate Unchanged
Predicted Opening Price for HC Group Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$0.200 ( 0.00000000%) | HK$0.200 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2280.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.200 | 0.00000000 % | |
| R2 | 0.200 | 0.00000000 % | ||
| R1 | 0.200 | 0.00000000 % | ||
| Current price: | 0.200 | |||
| Support | S1 | 0.200 | 0.00000000 % | |
| S2 | 0.200 | 0.00000000 % | ||
| S3 | 0.200 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.235 | 17.50 % | |
| R2 | 0.229 | 14.50 % | ||
| R1 | 0.220 | 10.00 % | ||
| Current price | 0.200 | |||
| Support | S1 | 0.199 | -0.500% | |
| S2 | 0.195 | -2.50% | ||
| S3 | 0.186 | -7.00% |
2280 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 28, 2017 | Sep 08, 2017 | Sep 29, 2017 | HK$0.0200 | 0.317% |
| 2 | Mar 28, 2017 | May 31, 2017 | Jul 07, 2017 | HK$0.0500 | 0.89% |
FAQ
Click here for our free guide on how to buy HC Group Inc. Stock.
