Guangdong Yueyun Transportation Co Ltd 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
Weaker technical forecast for Guangdong Yueyun Transportation Co Ltd as stock downgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Guangdong Yueyun Transportation Co Ltd stock price fell by -1.63% on the last day (Friday, 17th May 2024) from HK$1.23 to HK$1.21. During the last trading day the stock fluctuated 2.50% from a day low at HK$1.20 to a day high of HK$1.23. The price has fallen in 5 of the last 10 days but is still up by 13.08% 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 -487 thousand shares and in total, 216 thousand shares were bought and sold for approximately HK$261.36 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$1.23 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.54% during the next 3 months and, with a 90% probability hold a price between HK$0.94 and HK$1.15 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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3399.HK Signals & Forecast
The Guangdong Yueyun Transportation Co Ltd 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$1.17 and HK$1.12. 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 -1.63%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Guangdong Yueyun Transportation Co Ltd stock
Guangdong Yueyun Transportation Co Ltd finds support from accumulated volume at HK$1.20 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0300 between high and low, or 2.50%. For the last week the stock has had daily average volatility of 4.28%.
Our recommended stop-loss: HK$1.16 (-4.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (3399.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Guangdong Yueyun Transportation Company Limited to open at HK$1.21, and during the day (based on 14 day Average True Range), to move between HK$1.16 and HK$1.26, which gives a possible trading interval of +/-HK$0.0455 (+/-3.76%) up or down from last closing price. If Guangdong Yueyun Transportation Company Limited takes out the full calculated possible swing range there will be an estimated 7.51% 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$1.22 (0.83%) than the support at HK$1.20 (0.83%), 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 Guangdong Yueyun Transportation Company Limited stock A Buy?
Guangdong Yueyun Transportation Co Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.472 Hold/Accumulate Downgraded
Predicted Opening Price for Guangdong Yueyun Transportation Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$1.21 ( 0.275%) | HK$1.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3399.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.24 | 2.75 % | |
| R2 | 1.23 | 1.81 % | ||
| R1 | 1.22 | 1.22 % | ||
| Current price: | 1.21 | |||
| Support | S1 | 1.20 | -0.672 % | |
| S2 | 1.19 | -1.26 % | ||
| S3 | 1.18 | -2.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.24 | 2.48 % | |
| R2 | 1.23 | 1.65 % | ||
| R1 | 1.22 | 0.83 % | ||
| Current price | 1.21 | |||
| Support | S1 | 1.20 | -0.83% | |
| S2 | 1.19 | -1.65% | ||
| S3 | 1.11 | -8.26% |
3399 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2019 | Jun 19, 2019 | Aug 21, 2019 | HK$0.170 | 6.85% |
| 2 | Mar 21, 2018 | Jun 21, 2018 | Aug 21, 2018 | HK$0.160 | 4.00% |
| 3 | Mar 13, 2017 | Jun 15, 2017 | Aug 16, 2017 | HK$0.149 | 2.83% |
| 4 | Mar 18, 2016 | Jun 10, 2016 | Sep 06, 2016 | HK$0.154 | 3.16% |
| 5 | Mar 25, 2015 | Jun 15, 2015 | Sep 10, 2015 | HK$0.127 | 2.61% |
FAQ
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