Aoyuan Healthy Life Group 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Red day on Friday for Aoyuan Healthy Life Group Co Ltd
(Updated on Jun 28, 2024)
No changes to the price of Aoyuan Healthy Life Group Co Ltd stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 5.26% from a day low at HK$0.570 to a day high of HK$0.600. The price has been going up and down for this period, and there has been a -1.69% loss for the last 2 weeks.
Given the current short-term trend, the stock is expected to rise 37.76% during the next 3 months and, with a 90% probability hold a price between HK$0.799 and HK$1.17 at the end of this 3-month period.
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3662.HK Signals & Forecast
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. The Aoyuan Healthy Life Group Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.583 and HK$0.607. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -21.62%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, April 23, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 23, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Aoyuan Healthy Life Group Co Ltd stock
Aoyuan Healthy Life Group Co Ltd finds support from accumulated volume at HK$0.560 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 5.26%. For the last week the stock has had daily average volatility of 4.52%.
Our recommended stop-loss: HK$0.544 (-6.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 59 days ago.)
Trading Expectations (3662.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Aoyuan Healthy Life Group Company Limited to open at HK$0.583, and during the day (based on 14 day Average True Range), to move between HK$0.548 and HK$0.612, which gives a possible trading interval of +/-HK$0.0322 (+/-5.54%) up or down from last closing price. If Aoyuan Healthy Life Group Company Limited takes out the full calculated possible swing range there will be an estimated 11.09% 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$0.560 (3.45%) than the resistance at HK$0.610 (5.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aoyuan Healthy Life Group Company Limited stock A Buy?
Aoyuan Healthy Life Group Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.938 Hold/Accumulate Unchanged
Predicted Opening Price for Aoyuan Healthy Life Group Company Limited of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
HK$0.583 ( 0.575%) | HK$0.580 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3662.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.613 | 5.75% |
R2 | 0.602 | 3.77% |
R1 | 0.595 | 2.55% |
Price | 0.580 | |
S1 | 0.572 | -1.40% |
S2 | 0.565 | -2.62% |
S3 | 0.553 | -4.60% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.630 | 8.62% |
R2 | 0.620 | 6.90% |
R1 | 0.610 | 5.17% |
Price | 0.580 | |
S1 | 0.560 | -3.45% |
S2 | 0.510 | -12.07% |
S3 | 0.480 | -17.24% |
3662 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 27, 2021 | May 27, 2021 | May 27, 2021 | HK$0.166 | 2.86% |
2 | Mar 24, 2020 | May 26, 2020 | Jun 19, 2020 | HK$0.0980 | 1.14% |
3 | Mar 28, 2019 | May 30, 2019 | Jun 18, 2019 | HK$0.0640 | 1.55% |
FAQ
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