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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 2878.HK
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Solomon Systech (International) Limited stock price up 4.23% on Thursday
(Updated on Jun 20, 2024)

Buy or Hold candidate since May 31, 2024 Gain 5.71% PDF

The Solomon Systech (International) Limited stock price gained 4.23% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.355 to HK$0.370. During the last trading day the stock fluctuated 7.04% from a day low at HK$0.355 to a day high of HK$0.380. The price has risen in 5 of the last 10 days and is up by 5.71% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately HK$3.80 million.

The stock lies in the middle of a very 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 30.36% during the next 3 months and, with a 90% probability hold a price between HK$0.388 and HK$0.507 at the end of this 3-month period.

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2878.HK Signals & Forecast

The Solomon Systech (International) Limited 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$0.356 and HK$0.320. 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). 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 Thursday, June 06, 2024, and so far it has fallen -1.33%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Solomon Systech (International) Limited stock

Solomon Systech (International) Limited finds support from accumulated volume at HK$0.360 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$0.0250 between high and low, or 7.04%. For the last week, the stock has had daily average volatility of 4.93%.

Our recommended stop-loss: HK$0.355 (-3.99%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (2878.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Solomon Systech (International) Limited to open at HK$0.368, and during the day (based on 14 day Average True Range), to move between HK$0.349 and HK$0.391, which gives a possible trading interval of +/-HK$0.0208 (+/-5.61%) up or down from last closing price. If Solomon Systech (International) Limited takes out the full calculated possible swing range there will be an estimated 11.23% 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$0.360 (2.70%), 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 Solomon Systech (International) 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 Solomon Systech (International) Limited stock to perform well in the short-term.

Current score: 4.209 Buy Candidate Unchanged

Predicted Opening Price for Solomon Systech (International) Limited of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
HK$0.368 ( 0.450%) HK$0.370

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 2878.HK

Fibonacci Support & Resistance Levels

Level Price
R3 0.393 6.31%
R2 0.384 3.73%
R1 0.378 2.13%
Price 0.370
S1 0.359 -3.03%
S2 0.353 -4.63%
S3 0.343 -7.21%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0.375 1.35%
Price 0.370
S1 0.360 -2.70%
S2 0.350 -5.41%
S3 0.345 -6.76%

2878 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 06, 2022 Jul 06, 2022 Jul 06, 2022 HK$0.0100 1.85%
2 Jun 07, 2021 Jun 07, 2021 Jun 07, 2021 HK$0.0080 0.99%
3 Apr 20, 2010 Jun 01, 2010 Jun 01, 2010 HK$0.0100 1.59%
4 Mar 25, 2009 May 05, 2009 May 20, 2009 HK$0.0300 8.22%
5 Mar 27, 2008 Apr 29, 2008 May 22, 2008 HK$0.0200 4.35%

FAQ

What is the symbol for Solomon Systech (International) Limited Stock and on which exchange is it traded?
The symbol for Solomon Systech (International) Limited is 2878.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Solomon Systech (International) Limited Stock?
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 Solomon Systech (International) Limited stock to perform well in the short-term.

How to buy Solomon Systech (International) Limited Stock?
Solomon Systech (International) Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Solomon Systech (International) Limited Stock.

What's the current price of Solomon Systech (International) Limited Stock?
As of the end of day on the Jun 20, 2024, the price of an Solomon Systech (International) Limited (2878.HK) share was HK$0.370.

What is the 52-week high and low for Solomon Systech (International) Limited Stock?
The 52-week high for Solomon Systech (International) Limited Stock is HK$0.480 and the 52-week low is HK$0.236.

What is the market capitalization of Solomon Systech (International) Limited Stock?
As of the Jun 20, 2024, the market capitalization of Solomon Systech (International) Limited is 860.999M.

When is the next earnings date for Solomon Systech (International) Limited?
The upcoming earnings date for Solomon Systech (International) Limited is Aug 13, 2024.
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About Solomon Systech (International) Limited

Solomon Systech (International) Limited Solomon Systech (International) Limited, an investment holding company, operates as a fabless semiconductor company. The company primarily designs, develops, and sells display integrated circuits (IC) products and system solutions. It offers passive matrix organic light emitting diode display ICs; active-matrix organic light emitting diode display ICs; organic light emitting diode display and lighting driver ICs; and bistable display driver ICs. ... 2878.HK Profile

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