China Glass Holdings 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
Weaker technical forecast for China Glass Holdings Limited as stock downgraded to Sell Candidate.
(Updated on May 03, 2024)
No changes to the price of China Glass Holdings Limited stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 2.50% from a day low at HK$0.80 to a day high of HK$0.82. The price has fallen in 6 of the last 10 days and is down by -6.98% for this period.
Given the current short-term trend, the stock is expected to rise 95.39% during the next 3 months and, with a 90% probability hold a price between HK$1.56 and HK$2.10 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.
3300.HK Signals & Forecast
There are few to no technical positive signals at the moment. The China Glass Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.81 and HK$0.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -13.98%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for China Glass Holdings Limited stock
China Glass Holdings Limited finds support from accumulated volume at HK$0.790 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0200 between high and low, or 2.50%. For the last week the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3300.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect China Glass Holdings Limited to open at HK$0.81, and during the day (based on 14 day Average True Range), to move between HK$0.760 and HK$0.84, which gives a possible trading interval of +/-HK$0.0404 (+/-5.05%) up or down from last closing price. If China Glass Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.09% 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$0.81 (1.25%) than the support at HK$0.790 (1.25%), 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 China Glass Holdings Limited stock A Buy?
The China Glass Holdings Limited stock holds several negative signals and despite the positive trend, we believe China Glass Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.826 Sell Candidate Downgraded
Predicted Opening Price for China Glass Holdings Limited of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
HK$0.81 ( 0.83%) | HK$0.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3300.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.83 | 3.33 % | |
R2 | 0.82 | 2.38 % | ||
R1 | 0.81 | 1.79 % | ||
Current price: | 0.80 | |||
Support | S1 | 0.799 | -0.122 % | |
S2 | 0.794 | -0.712 % | ||
S3 | 0.787 | -1.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.84 | 5.00 % | |
R2 | 0.82 | 2.50 % | ||
R1 | 0.81 | 1.25 % | ||
Current price | 0.80 | |||
Support | S1 | 0.790 | -1.25% | |
S2 | 0.720 | -10.00% | ||
S3 | 0.710 | -11.25% |
3300 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | HK$0.0180 | 2.20% |
2 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | HK$0.0500 | 3.29% |
3 | Oct 05, 2021 | Oct 05, 2021 | Oct 05, 2021 | HK$0.0500 | 2.18% |
4 | Sep 11, 2019 | Oct 17, 2019 | Oct 31, 2019 | HK$0.0200 | 4.71% |
5 | Mar 18, 2014 | May 27, 2014 | Aug 01, 2014 | HK$0.0100 | 0.92% |
FAQ
Click here for our free guide on how to buy China Glass Holdings Limited Stock.