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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 3316.HK
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Evaluation of Binjiang Services Group Co. Ltd. stock downgraded after the last trading session.
(Updated on Jun 17, 2024)

Sell candidate since Jun 17, 2024 PDF

The Binjiang Services Group Co. Ltd. stock price fell by -2.47% on the last day (Monday, 17th Jun 2024) from HK$17.02 to HK$16.60. During the last trading day the stock fluctuated 3.15% from a day low at HK$16.50 to a day high of HK$17.02. The price has fallen in 6 of the last 10 days and is down by -8.89% for this period. Volume has increased on the last day by 102 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, 132 thousand shares were bought and sold for approximately HK$2.18 million.

Given the current short-term trend, the stock is expected to rise 9.70% during the next 3 months and, with a 90% probability hold a price between HK$18.21 and HK$23.66 at the end of this 3-month period.

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3316.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Binjiang Services Group Co. Ltd. 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$17.44 and HK$18.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -20.76%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Binjiang Services Group Co. Ltd. stock

Binjiang Services Group Co. Ltd. finds support from accumulated volume at HK$16.48 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.520 between high and low, or 3.15%. For the last week, the stock has had daily average volatility of 2.42%.

Binjiang Services Group Co. Ltd. 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 (3316.HK) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Binjiang Services Group Co. Ltd. to open at HK$16.71, and during the day (based on 14 day Average True Range), to move between HK$16.04 and HK$17.16, which gives a possible trading interval of +/-HK$0.565 (+/-3.40%) up or down from last closing price. If Binjiang Services Group Co. Ltd. takes out the full calculated possible swing range there will be an estimated 6.80% 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$16.48 (0.72%) than the resistance at HK$17.30 (4.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Binjiang Services Group Co. Ltd. stock A Buy?

The Binjiang Services Group Co. Ltd. stock holds several negative signals and despite the positive trend, we believe Binjiang Services Group Co. Ltd. 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 Hold/Accumulate to a Sell candidate.

Current score: -1.531 Sell Candidate Downgraded

Predicted Opening Price for Binjiang Services Group Co. Ltd. of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
HK$16.71 ( 0.643%) HK$16.60

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

Trading levels for 3316.HK

Fibonacci Support & Resistance Levels

Level Price
R3 17.23 3.78%
R2 17.03 2.58%
R1 16.91 1.84%
Price 16.60
S1 16.51 -0.554%
S2 16.39 -1.29%
S3 16.19 -2.49%

Accumulated Volume Support & Resistance Levels

Level Price
R3 20.05 20.78%
R2 18.10 9.04%
R1 17.30 4.22%
Price 16.60
S1 16.48 -0.723%
S2 16.40 -1.20%
S3 16.20 -2.41%

3316 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 12, 2024 Jun 12, 2024 Jun 28, 2024 HK$1.37 8.28%
2 Jun 20, 2023 Jun 20, 2023 Jun 20, 2023 HK$1.00 5.01%
3 Jun 06, 2022 Jun 06, 2022 Jun 06, 2022 HK$0.473 2.07%
4 Oct 05, 2021 Oct 05, 2021 Oct 05, 2021 HK$0.379 1.62%
5 Jun 03, 2021 Jun 03, 2021 Jun 03, 2021 HK$0.564 2.00%

FAQ

What is the symbol for Binjiang Services Group Co. Ltd. Stock and on which exchange is it traded?
The symbol for Binjiang Services Group Co. Ltd. is 3316.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Binjiang Services Group Co. Ltd. Stock?
The Binjiang Services Group Co. Ltd. stock holds several negative signals and despite the positive trend, we believe Binjiang Services Group Co. Ltd. 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 Hold/Accumulate to a Sell candidate.

How to buy Binjiang Services Group Co. Ltd. Stock?
Binjiang Services Group Co. Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Binjiang Services Group Co. Ltd. Stock.

What's the current price of Binjiang Services Group Co. Ltd. Stock?
As of the end of day on the Jun 17, 2024, the price of an Binjiang Services Group Co. Ltd. (3316.HK) share was HK$16.60.

What is the 52-week high and low for Binjiang Services Group Co. Ltd. Stock?
The 52-week high for Binjiang Services Group Co. Ltd. Stock is HK$22.50 and the 52-week low is HK$14.00.

What is the market capitalization of Binjiang Services Group Co. Ltd. Stock?
As of the Jun 17, 2024, the market capitalization of Binjiang Services Group Co. Ltd. is 4.588B.

When is the next earnings date for Binjiang Services Group Co. Ltd.?
The upcoming earnings date for Binjiang Services Group Co. Ltd. is Jun 06, 2025.
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About Binjiang Services Group Co. Ltd.

Binjiang Service Group Co. Ltd. provides property management and related services in the People's Republic of China. Its property management services include security, cleaning, gardening, repair, maintenance, and ancillary services to residential and non-residential properties, such as commercial properties, office buildings, corporate buildings, public facilities, industrial parks, and government buildings. The company also offers value-added s... 3316.HK Profile

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