Agile Group 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
Big movements in Agile Group Holdings Limited stock price on Friday moving 28.07% between high and low
(Updated on May 10, 2024)
The Agile Group Holdings Limited stock price gained 13.56% on the last trading day (Friday, 10th May 2024), rising from HK$0.590 to HK$0.670. During the last trading day the stock fluctuated 28.07% from a day low at HK$0.570 to a day high of HK$0.730. The price has risen in 6 of the last 10 days and is up by 42.55% 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, 112 million more shares were traded than the day before. In total, 172 million shares were bought and sold for approximately HK$115.57 million.
Given the current short-term trend, the stock is expected to fall -31.26% during the next 3 months and, with a 90% probability hold a price between HK$0.211 and HK$0.461 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3383.HK Signals & Forecast
Mostly positive signals in the chart today. The Agile Group Holdings 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$0.604 and HK$0.551. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 76.32%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Agile Group Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.600 and HK$0.590. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Agile Group Holdings Limited finds support just below today's level at HK$0.600. If this is broken, then the next support from accumulated volume will be at HK$0.590 and HK$0.520.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.160 between high and low, or 28.07%. For the last week, the stock has had daily average volatility of 16.26%.
The Agile Group Holdings Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: HK$0.647 (-3.46%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (3383.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Agile Group Holdings Limited to open at HK$0.657, and during the day (based on 14 day Average True Range), to move between HK$0.604 and HK$0.736, which gives a possible trading interval of +/-HK$0.0660 (+/-9.85%) up or down from last closing price. If Agile Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 19.70% 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$0.690 (2.99%) than the support at HK$0.600 (10.45%), 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 Agile Group Holdings Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.761 Buy Candidate Upgraded
Predicted Opening Price for Agile Group Holdings Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$0.657 ( 1.99%) | HK$0.670 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3383.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 21.89 % | |
| R2 | 0.756 | 12.77 % | ||
| R1 | 0.718 | 7.13 % | ||
| Current price: | 0.670 | |||
| Support | S1 | 0.596 | -11.11 % | |
| S2 | 0.558 | -16.75 % | ||
| S3 | 0.497 | -25.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.750 | 11.94 % | |
| R2 | 0.720 | 7.46 % | ||
| R1 | 0.690 | 2.99 % | ||
| Current price | 0.670 | |||
| Support | S1 | 0.600 | -10.45% | |
| S2 | 0.590 | -11.94% | ||
| S3 | 0.520 | -22.39% |
3383 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 03, 2021 | Sep 03, 2021 | Sep 03, 2021 | HK$0.500 | 5.97% |
| 2 | May 17, 2021 | May 17, 2021 | May 17, 2021 | HK$0.600 | 5.44% |
| 3 | Aug 21, 2020 | Sep 04, 2020 | Sep 18, 2020 | HK$0.500 | 4.59% |
| 4 | Mar 23, 2020 | May 14, 2020 | May 29, 2020 | HK$0.400 | 5.02% |
| 5 | Aug 21, 2019 | Sep 05, 2019 | Sep 19, 2019 | HK$0.600 | 6.33% |
FAQ
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