Anton Oilfield Services Group 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
Anton Oilfield Services Group stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The Anton Oilfield Services Group stock price gained 2.38% on the last trading day (Friday, 3rd May 2024), rising from HK$0.420 to HK$0.430. During the last trading day the stock fluctuated 2.38% from a day low at HK$0.420 to a day high of HK$0.430. The price has been going up and down for this period, and there has been a -1.15% loss for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately HK$1.11 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak 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 7.82% during the next 3 months and, with a 90% probability hold a price between HK$0.447 and HK$0.488 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.
3337.HK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -3.37%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Anton Oilfield Services Group 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$0.429 and HK$0.424. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Anton Oilfield Services Group stock
Anton Oilfield Services Group finds support from accumulated volume at HK$0.420 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0.0100 between high and low, or 2.38%. For the last week the stock has had daily average volatility of 2.36%
Our recommended stop-loss: HK$0.412 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (3337.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Anton Oilfield Services Group to open at HK$0.427, and during the day (based on 14 day Average True Range), to move between HK$0.419 and HK$0.441, which gives a possible trading interval of +/-HK$0.0113 (+/-2.63%) up or down from last closing price. If Anton Oilfield Services Group takes out the full calculated possible swing range there will be an estimated 5.26% 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$0.435 (1.16%) than the support at HK$0.420 (2.33%), 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 Anton Oilfield Services Group stock A Buy?
Anton Oilfield Services Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.766 Hold/Accumulate Upgraded
Predicted Opening Price for Anton Oilfield Services Group of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
HK$0.427 ( 0.775%) | HK$0.430 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3337.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.437 | 1.55 % | |
R2 | 0.433 | 0.662 % | ||
R1 | 0.430 | 0.113 % | ||
Current price: | 0.430 | |||
Support | S1 | 0.423 | -1.66 % | |
S2 | 0.420 | -2.21 % | ||
S3 | 0.417 | -3.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.445 | 3.49 % | |
R2 | 0.440 | 2.33 % | ||
R1 | 0.435 | 1.16 % | ||
Current price | 0.430 | |||
Support | S1 | 0.420 | -2.33% | |
S2 | 0.410 | -4.65% | ||
S3 | 0.405 | -5.81% |
3337 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 28, 2024 | May 28, 2024 | Jun 11, 2024 | HK$0.0141 | 3.27% |
2 | Mar 22, 2019 | May 29, 2019 | Jun 12, 2019 | HK$0.0114 | 1.20% |
3 | Mar 18, 2014 | Jun 03, 2014 | Jun 16, 2014 | HK$0.0688 | 1.23% |
4 | Mar 17, 2013 | Jun 05, 2013 | Jun 25, 2013 | HK$0.0456 | 0.86% |
5 | Mar 23, 2012 | May 29, 2012 | Jun 13, 2012 | HK$0.0117 | 1.01% |
FAQ
Click here for our free guide on how to buy Anton Oilfield Services Group Stock.