HK Electric Investments and HK Electric 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
Weaker technical forecast for HK Electric Investments and HK Electric as stock downgraded to Sell Candidate.
(Updated on May 07, 2024)
The HK Electric Investments and HK Electric stock price fell by -0.422% on the last day (Tuesday, 7th May 2024) from HK$4.74 to HK$4.72. During the last trading day the stock fluctuated 2.15% from a day low at HK$4.65 to a day high of HK$4.75. The price has risen in 6 of the last 10 days and is up by 2.16% over the past 2 weeks. Volume has increased on the last day by 266 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately HK$12.14 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$4.74 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.58% during the next 3 months and, with a 90% probability hold a price between HK$4.35 and HK$4.57 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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2638.HK Signals & Forecast
There are mixed signals in the stock today. The HK Electric Investments and HK Electric 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$4.74. On a fall, the stock will find some support from the short-term average at HK$4.71. 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, May 06, 2024, and so far it has fallen -0.422%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for HK Electric Investments and HK Electric stock
HK Electric Investments and HK Electric finds support from accumulated volume at HK$4.69 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$0.1000 between high and low, or 2.15%. For the last week the stock has had daily average volatility of 1.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2638.HK) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect HK Electric Investments and HK Electric Investments Limited to open at HK$4.71, and during the day (based on 14 day Average True Range), to move between HK$4.66 and HK$4.78, which gives a possible trading interval of +/-HK$0.0568 (+/-1.20%) up or down from last closing price. If HK Electric Investments and HK Electric Investments Limited takes out the full calculated possible swing range there will be an estimated 2.41% 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$4.69 (0.64%) than the resistance at HK$4.80 (1.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HK Electric Investments and HK Electric Investments Limited stock A Buy?
HK Electric Investments and HK Electric 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 Buy to a Sell candidate.
Current score: -1.788 Sell Candidate Downgraded
Predicted Opening Price for HK Electric Investments and HK Electric Investments Limited of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| HK$4.71 ( 0.282%) | HK$4.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2638.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.81 | 1.84 % | |
| R2 | 4.77 | 1.03 % | ||
| R1 | 4.74 | 0.527 % | ||
| Current price: | 4.72 | |||
| Support | S1 | 4.67 | -1.09 % | |
| S2 | 4.64 | -1.59 % | ||
| S3 | 4.61 | -2.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.87 | 3.18 % | |
| R2 | 4.81 | 1.91 % | ||
| R1 | 4.80 | 1.69 % | ||
| Current price | 4.72 | |||
| Support | S1 | 4.69 | -0.636% | |
| S2 | 4.68 | -0.85% | ||
| S3 | 4.57 | -3.18% |
2638 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 17, 2024 | HK$0.161 | 3.51% |
| 2 | Mar 28, 2023 | Mar 28, 2023 | Mar 28, 2023 | HK$0.161 | 3.23% |
| 3 | Aug 16, 2022 | Aug 16, 2022 | Aug 16, 2022 | HK$0.159 | 2.28% |
| 4 | Mar 29, 2022 | Mar 29, 2022 | Mar 29, 2022 | HK$0.161 | 2.07% |
| 5 | Aug 17, 2021 | Aug 17, 2021 | Aug 17, 2021 | HK$0.159 | 2.04% |
FAQ
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