BOC Aviation 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
BOC Aviation Limited stock price up 0.160% on Friday
(Updated on May 03, 2024)
The BOC Aviation Limited stock price gained 0.160% on the last trading day (Friday, 3rd May 2024), rising from HK$62.40 to HK$62.50. During the last trading day the stock fluctuated 2.03% from a day low at HK$61.55 to a day high of HK$62.80. The price has been going up and down for this period, and there has been a -0.32% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 86 thousand more shares were traded than the day before. In total, 324 thousand shares were bought and sold for approximately HK$20.23 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.64% during the next 3 months and, with a 90% probability hold a price between HK$66.04 and HK$75.01 at the end of this 3-month period.
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2588.HK Signals & Forecast
The BOC Aviation Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$62.86. On a fall, the stock will find some support from the long-term average at approximately HK$61.51. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -4.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BOC Aviation Limited stock
BOC Aviation Limited finds support from accumulated volume at HK$61.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$1.25 between high and low, or 2.03%. For the last week the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: HK$59.71 (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (2588.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect BOC Aviation Limited to open at HK$62.28, and during the day (based on 14 day Average True Range), to move between HK$60.66 and HK$64.34, which gives a possible trading interval of +/-HK$1.84 (+/-2.94%) up or down from last closing price. If BOC Aviation Limited takes out the full calculated possible swing range there will be an estimated 5.88% 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$62.70 (0.32%) than the support at HK$61.00 (2.40%), 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 BOC Aviation Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BOC Aviation Limited stock to perform well in the short-term.
Current score: 1.884 Buy Candidate Unchanged
Predicted Opening Price for BOC Aviation Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$62.28 ( 0.347%) | HK$62.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2588.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.53 | 1.65 % | |
| R2 | 63.06 | 0.89 % | ||
| R1 | 62.76 | 0.417 % | ||
| Current price: | 62.50 | |||
| Support | S1 | 61.81 | -1.11 % | |
| S2 | 61.51 | -1.58 % | ||
| S3 | 61.03 | -2.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.25 | 4.40 % | |
| R2 | 64.40 | 3.04 % | ||
| R1 | 62.70 | 0.320 % | ||
| Current price | 62.50 | |||
| Support | S1 | 61.00 | -2.40% | |
| S2 | 59.00 | -5.60% | ||
| S3 | 58.90 | -5.76% |
2588 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 21, 2024 | HK$2.13 | 3.41% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | HK$1.39 | 2.48% |
| 3 | Sep 26, 2022 | Sep 26, 2022 | Sep 26, 2022 | HK$0.698 | 1.18% |
| 4 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | HK$1.36 | 2.22% |
| 5 | Sep 27, 2021 | Sep 27, 2021 | Sep 27, 2021 | HK$0.85 | 1.30% |
FAQ
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