China Chuanglian Education Financial 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
Big movements in China Chuanglian Education Financial stock price on Friday moving 12.50% between high and low
(Updated on May 17, 2024)
The China Chuanglian Education Financial stock price fell by -5.56% on the last day (Friday, 17th May 2024) from HK$0.0180 to HK$0.0170. During the last trading day the stock fluctuated 12.50% from a day low at HK$0.0160 to a day high of HK$0.0180. The price has been going up and down for this period, and there has been a 6.25% gain 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 -2 million shares and in total, 516 thousand shares were bought and sold for approximately HK$8.77 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 -15.55% during the next 3 months and, with a 90% probability hold a price between HK$0.0121 and HK$0.0162 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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2371.HK Signals & Forecast
There are mixed signals in the stock today. The China Chuanglian Education Financial 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$0.0171 and HK$0.0178. 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 30, 2024, and so far it has risen 13.33%. 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 China Chuanglian Education Financial stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0160 and HK$0.0150. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$0.0150 may give a huge drop in the stock price.
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$0.0020 between high and low, or 12.50%. For the last week the stock has had daily average volatility of 10.17%.
Our recommended stop-loss: HK$0.0163 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (2371.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect China Chuanglian Education Financial Group Limited to open at HK$0.0170, and during the day (based on 14 day Average True Range), to move between HK$0.0153 and HK$0.0187, which gives a possible trading interval of +/-HK$0.0017 (+/-9.94%) up or down from last closing price. If China Chuanglian Education Financial Group Limited takes out the full calculated possible swing range there will be an estimated 19.87% 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$0.0180 (5.88%) than the support at HK$0.0160 (5.88%), 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 China Chuanglian Education Financial Group Limited stock A Buy?
China Chuanglian Education Financial 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.876 Hold/Accumulate Downgraded
Predicted Opening Price for China Chuanglian Education Financial Group Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$0.0170 ( 0%) | HK$0.0170 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2371.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0190 | 11.76 % | |
R2 | 0.0182 | 7.27 % | ||
R1 | 0.0178 | 4.49 % | ||
Current price: | 0.0170 | |||
Support | S1 | 0.0162 | -4.49 % | |
S2 | 0.0158 | -7.27 % | ||
S3 | 0.0150 | -11.76 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0200 | 17.65 % | |
R2 | 0.0190 | 11.76 % | ||
R1 | 0.0180 | 5.88 % | ||
Current price | 0.0170 | |||
Support | S1 | 0.0160 | -5.88% | |
S2 | 0.0150 | -11.76% | ||
S3 | 0 | . |
2371 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 11, 2006 | Sep 26, 2006 | Oct 26, 2006 | HK$0.0070 | 1.67% |
2 | Apr 19, 2005 | May 05, 2005 | Jun 17, 2005 | HK$0.0170 | 3.40% |
FAQ
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