Huabang Financial 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
Volatile ride for Huabang Financial Holdings Limited stock price on Friday moving between HK$0.490 and HK$0.560
(Updated on May 17, 2024)
The Huabang Financial Holdings Limited stock price gained 11.34% on the last trading day (Friday, 17th May 2024), rising from HK$0.485 to HK$0.540. During the last trading day the stock fluctuated 14.29% from a day low at HK$0.490 to a day high of HK$0.560. The price has fallen in 6 of the last 10 days and is down by -10% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 300 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$1.87 million.
The stock lies in the middle of a very 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 48.26% during the next 3 months and, with a 90% probability hold a price between HK$0.725 and HK$0.99 at the end of this 3-month period.
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3638.HK Signals & Forecast
The Huabang Financial Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.552. On a fall, the stock will find some support from the long-term average at approximately HK$0.514. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 26, 2024, and so far it has fallen -12.90%. 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).
Support, Risk & Stop-loss for Huabang Financial Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.500 and HK$0.485. 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, Huabang Financial Holdings Limited finds support just below today's level at HK$0.500. If this is broken, then the next support from accumulated volume will be at HK$0.485 and HK$0.450.
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$0.0700 between high and low, or 14.29%. For the last week, the stock has had daily average volatility of 9.48%.
Our recommended stop-loss: HK$0.510 (-5.61%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (3638.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Huabang Financial Holdings Limited to open at HK$0.530, and during the day (based on 14 day Average True Range), to move between HK$0.499 and HK$0.581, which gives a possible trading interval of +/-HK$0.0406 (+/-7.52%) up or down from last closing price. If Huabang Financial Holdings Limited takes out the full calculated possible swing range there will be an estimated 15.04% 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$0.500 (7.41%) than the resistance at HK$0.590 (9.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Huabang Financial 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 Huabang Financial Holdings Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 3.390 Buy Candidate Upgraded
Predicted Opening Price for Huabang Financial Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.530 ( 1.85%) | HK$0.540 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3638.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.600 | 11.11 % | |
| R2 | 0.573 | 6.16 % | ||
| R1 | 0.557 | 3.10 % | ||
| Current price: | 0.540 | |||
| Support | S1 | 0.503 | -6.80 % | |
| S2 | 0.487 | -9.86 % | ||
| S3 | 0.460 | -14.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.620 | 14.81 % | |
| R2 | 0.600 | 11.11 % | ||
| R1 | 0.590 | 9.26 % | ||
| Current price | 0.540 | |||
| Support | S1 | 0.500 | -7.41% | |
| S2 | 0.485 | -10.19% | ||
| S3 | 0.450 | -16.67% |
3638 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 14, 2016 | Dec 02, 2016 | Dec 21, 2016 | HK$0.0500 | 10.20% |
FAQ
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