Yestar Healthcare Holdings Co 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
Yestar Healthcare Holdings Co Ltd stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on May 03, 2024)
No changes to the price of Yestar Healthcare Holdings Co Ltd stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 2.17% from a day low at HK$0.0460 to a day high of HK$0.0470. The price has been going up and down for this period, and there has been a 4.55% gain for the last 2 weeks.
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 -3.42% during the next 3 months and, with a 90% probability hold a price between HK$0.0167 and HK$0.0731 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.
2393.HK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yestar Healthcare Holdings Co Ltd 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$0.0541. On a fall, the stock will find some support from the short-term average at HK$0.0451. 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. A sell signal was issued from a pivot top point on Monday, February 19, 2024, and so far it has fallen -41.03%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Yestar Healthcare Holdings Co Ltd stock
Yestar Healthcare Holdings Co Ltd finds support from accumulated volume at HK$0.0450 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0010 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 6.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2393.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Yestar Healthcare Holdings Company Limited to open at HK$0.0463, and during the day (based on 14 day Average True Range), to move between HK$0.0406 and HK$0.0514, which gives a possible trading interval of +/-HK$0.0054 (+/-11.80%) up or down from last closing price. If Yestar Healthcare Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 23.59% 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$0.0450 (2.17%) than the resistance at HK$0.0480 (4.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yestar Healthcare Holdings Company Limited stock A Buy?
Yestar Healthcare Holdings Co Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.041 Strong Sell Candidate Downgraded
Predicted Opening Price for Yestar Healthcare Holdings Company Limited of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
HK$0.0463 ( 0.725%) | HK$0.0460 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2393.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0473 | 2.90 % | |
R2 | 0.0470 | 2.07 % | ||
R1 | 0.0467 | 1.56 % | ||
Current price: | 0.0460 | |||
Support | S1 | 0.0460 | -0.106 % | |
S2 | 0.0457 | -0.619 % | ||
S3 | 0.0453 | -1.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0540 | 17.39 % | |
R2 | 0.0520 | 13.04 % | ||
R1 | 0.0480 | 4.35 % | ||
Current price | 0.0460 | |||
Support | S1 | 0.0450 | -2.17% | |
S2 | 0.0440 | -4.35% | ||
S3 | 0.0370 | -19.57% |
2393 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2018 | Jun 05, 2018 | Jul 05, 2018 | HK$0.0550 | 2.08% |
2 | Mar 15, 2017 | Jun 06, 2017 | Jul 05, 2017 | HK$0.0440 | 1.11% |
3 | Mar 14, 2016 | Jun 03, 2016 | Jul 05, 2016 | HK$0.0390 | 1.12% |
4 | Mar 16, 2015 | May 20, 2015 | Jun 05, 2015 | HK$0.0340 | 0.90% |
5 | Mar 10, 2014 | May 21, 2014 | Jun 06, 2014 | HK$0.0223 | 2.26% |
FAQ
Click here for our free guide on how to buy Yestar Healthcare Holdings Company Limited Stock.