KPa-BM Holdings 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
Red day on Thursday for KPa-BM Holdings Ltd
(Updated on Jun 20, 2024)
The KPa-BM Holdings Ltd stock price fell by -1.33% on the last day (Thursday, 20th Jun 2024) from HK$0.375 to HK$0.370. During the last trading day the stock fluctuated 1.35% from a day low at HK$0.370 to a day high of HK$0.375. The price has been going up and down for this period, and there has been a 8.82% gain for the last 2 weeks. Volume has increased on the last day by 60 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, 110 thousand shares were bought and sold for approximately HK$40.70 thousand.
The stock lies in the upper part of a wide and strong rising 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$0.376 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.05% during the next 3 months and, with a 90% probability hold a price between HK$0.377 and HK$0.425 at the end of this 3-month period.
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2663.HK Signals & Forecast
The KPa-BM Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.351 and HK$0.334. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, June 19, 2024, and so far it has fallen -1.33%. Further fall is indicated until a new bottom pivot has been found. KPa-BM Holdings Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for KPa-BM Holdings Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.330 and HK$0.320. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KPa-BM Holdings Ltd finds support just below today's level at HK$0.330. If this is broken, then the next support from accumulated volume will be at HK$0.320 and HK$0.310.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0050 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 0.552%.
Our recommended stop-loss: HK$0.359 (-2.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (2663.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect KPa-BM Holdings Ltd to open at HK$0.372, and during the day (based on 14 day Average True Range), to move between HK$0.364 and HK$0.376, which gives a possible trading interval of +/-HK$0.0063 (+/-1.71%) up or down from last closing price. If KPa-BM Holdings Ltd takes out the full calculated possible swing range there will be an estimated 3.41% 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$0.375 (1.35%) than the support at HK$0.330 (10.81%), 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 KPa-BM Holdings Ltd stock A Buy?
KPa-BM Holdings Ltd 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for KPa-BM Holdings Ltd of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
HK$0.372 ( 0.450%) | HK$0.370 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2663.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.377 | 1.80% |
R2 | 0.375 | 1.29% |
R1 | 0.374 | 0.97% |
Price | 0.370 | |
S1 | 0.370 | -0.0658% |
S2 | 0.369 | -0.385% |
S3 | 0.367 | -0.90% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0.375 | 1.35% |
Price | 0.370 | |
S1 | 0.330 | -10.81% |
S2 | 0.320 | -13.51% |
S3 | 0.310 | -16.22% |
2663 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 29, 2023 | Aug 29, 2023 | Sep 20, 2023 | HK$0.0300 | 10.71% |
2 | Sep 15, 2022 | Sep 15, 2022 | Sep 15, 2022 | HK$0.0150 | 5.26% |
3 | Aug 24, 2021 | Aug 24, 2021 | Aug 24, 2021 | HK$0.0300 | 8.33% |
4 | Aug 26, 2020 | Aug 26, 2020 | Aug 26, 2020 | HK$0.0250 | 11.06% |
5 | Sep 19, 2019 | Sep 19, 2019 | Sep 19, 2019 | HK$0.0160 | 6.53% |
FAQ
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