Wasion 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
Evaluation of Wasion Holdings Limited stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Wasion Holdings Limited stock price fell by -2.71% on the last day (Friday, 17th May 2024) from HK$7.74 to HK$7.53. During the last trading day the stock fluctuated 3.33% from a day low at HK$7.51 to a day high of HK$7.76. The price has risen in 8 of the last 10 days and is up by 18.77% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 3 million shares were bought and sold for approximately HK$21.54 million.
The stock lies in the middle of a wide and strong 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 50.33% during the next 3 months and, with a 90% probability hold a price between HK$10.16 and HK$11.70 at the end of this 3-month period.
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3393.HK Signals & Forecast
The Wasion 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$7.22 and HK$6.38. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -2.71%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Wasion Holdings Limited stock
Wasion Holdings Limited finds support from accumulated volume at HK$7.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.250 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 5.78%.
Our recommended stop-loss: HK$7.19 (-4.55%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (3393.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Wasion Holdings Limited to open at HK$7.60, and during the day (based on 14 day Average True Range), to move between HK$7.22 and HK$7.84, which gives a possible trading interval of +/-HK$0.306 (+/-4.06%) up or down from last closing price. If Wasion Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.12% 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$7.45 (1.06%) than the resistance at HK$7.72 (2.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wasion Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Wasion Holdings Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.126 Buy Candidate Downgraded
Predicted Opening Price for Wasion Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$7.60 ( 0.93%) | HK$7.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3393.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.85 | 4.25 % | |
| R2 | 7.75 | 2.98 % | ||
| R1 | 7.70 | 2.20 % | ||
| Current price: | 7.53 | |||
| Support | S1 | 7.50 | -0.339 % | |
| S2 | 7.45 | -1.12 % | ||
| S3 | 7.35 | -2.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 7.74 | 2.79 % | ||
| R1 | 7.72 | 2.52 % | ||
| Current price | 7.53 | |||
| Support | S1 | 7.45 | -1.06% | |
| S2 | 6.15 | -18.33% | ||
| S3 | 5.79 | -23.11% |
3393 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | Jun 11, 2024 | HK$0.280 | 3.72% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | HK$0.230 | 7.17% |
| 3 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | HK$0.200 | 7.75% |
| 4 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | HK$0.200 | 8.66% |
| 5 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | HK$0.200 | 8.10% |
FAQ
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