TANSH Global Food 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:
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 TANSH Global Food Group Co., Ltd stock price on Monday moving between HK$0.0370 and HK$0.0500
(Updated on May 13, 2024)
The TANSH Global Food Group Co., Ltd stock price fell by -2.63% on the last day (Monday, 13th May 2024) from HK$0.0380 to HK$0.0370. During the last trading day the stock fluctuated 35.14% from a day low at HK$0.0370 to a day high of HK$0.0500. The price has been going up and down for this period, and there has been a -5.13% loss for the last 2 weeks. Volume has increased on the last day by 7 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately HK$267.58 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -42.09% during the next 3 months and, with a 90% probability hold a price between HK$0.0160 and HK$0.0245 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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3666.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 TANSH Global Food 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$0.0386 and HK$0.0416. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -38.33%. Further fall is indicated until a new bottom pivot has been found. TANSH Global Food Group Co., Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for TANSH Global Food Group Co., Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0130 between high and low, or 35.14%. For the last week the stock has had daily average volatility of 7.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3666.HK) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect TANSH Global Food Group Co., Ltd to open at HK$0.0413, and during the day (based on 14 day Average True Range), to move between HK$0.0355 and HK$0.0385, which gives a possible trading interval of +/-HK$0.0015 (+/-4.07%) up or down from last closing price. If TANSH Global Food Group Co., Ltd takes out the full calculated possible swing range there will be an estimated 8.13% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.0390, some HK$0.0020 (5.41%) from the current price of HK$0.0370, our system finds the risk reward not very attractive.
Is TANSH Global Food Group Co., Ltd stock A Buy?
TANSH Global Food Group Co., Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.601 Sell Candidate Downgraded
Predicted Opening Price for TANSH Global Food Group Co., Ltd of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| HK$0.0413 ( 11.71%) | HK$0.0370 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3666.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0543 | 46.85 % | |
| R2 | 0.0494 | 33.43 % | ||
| R1 | 0.0463 | 25.13 % | ||
| Current price: | 0.0370 | |||
| Support | S1 | 0.0364 | -1.71 % | |
| S2 | 0.0333 | -10.00 % | ||
| S3 | 0.0283 | -23.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0440 | 18.92 % | |
| R2 | 0.0400 | 8.11 % | ||
| R1 | 0.0390 | 5.41 % | ||
| Current price | 0.0370 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
3666 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2019 | Jul 15, 2019 | Jul 31, 2019 | HK$0.0260 | 15.76% |
| 2 | Mar 27, 2018 | Jul 04, 2018 | Jul 19, 2018 | HK$0.0120 | 4.07% |
| 3 | Aug 22, 2013 | Sep 09, 2013 | Sep 27, 2013 | HK$0.0079 | 0.597% |
| 4 | Mar 28, 2013 | Jun 10, 2013 | Jun 26, 2013 | HK$0.0099 | 0.82% |
| 5 | Aug 29, 2012 | Sep 13, 2012 | Sep 28, 2012 | HK$0.0139 | 1.15% |
FAQ
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