ArtGo 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
ArtGo Holdings Limited stock upgraded to Sell Candidate.
(Updated on Jun 20, 2024)
No changes to the price of ArtGo Holdings Limited stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.280 to a day high of HK$0.280. The price has been going up and down for this period, and there has been a -11.11% loss for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.268 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.89% during the next 3 months and, with a 90% probability hold a price between HK$0.220 and HK$0.288 at the end of this 3-month period.
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3313.HK Signals & Forecast
There are mixed signals in the stock today. The ArtGo Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.286 and HK$0.332. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ArtGo Holdings Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.07%.
ArtGo Holdings Limited is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3313.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect ArtGo Holdings Limited to open at HK$0.280, and during the day (based on 14 day Average True Range), to move between HK$0.270 and HK$0.290, which gives a possible trading interval of +/-HK$0.0103 (+/-3.67%) up or down from last closing price. If ArtGo Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.35% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.315, some HK$0.0350 (12.50%) from the current price of HK$0.280, our system finds the risk reward not very attractive.
Is ArtGo Holdings Limited stock A Buy?
ArtGo Holdings Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.129 Sell Candidate Upgraded
Predicted Opening Price for ArtGo Holdings Limited of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
HK$0.280 ( 0%) | HK$0.280 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3313.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.280 | - |
R2 | 0.280 | - |
R1 | 0.280 | - |
Price | 0.280 | |
S1 | 0.280 | - |
S2 | 0.280 | - |
S3 | 0.280 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.340 | 21.43% |
R2 | 0.335 | 19.64% |
R1 | 0.315 | 12.50% |
Price | 0.280 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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