NNK Group 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
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
NNK Group Limited stock price down 0.442% on Tuesday
(Updated on Jul 02, 2024)
The NNK Group Limited stock price fell by -0.442% on the last day (Tuesday, 2nd Jul 2024) from HK$2.26 to HK$2.25. During the last trading day the stock fluctuated 1.79% from a day low at HK$2.24 to a day high of HK$2.28. The price has fallen in 6 of the last 10 days and is down by -3.02% for this period. 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 -52 thousand shares and in total, 250 thousand shares were bought and sold for approximately HK$562.50 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at HK$2.21 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect NNK Group Limited stock with a 90% probability to be traded between HK$2.19 and HK$2.69 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3773.HK Signals & Forecast
There are mixed signals in the stock today. The NNK Group Limited 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$2.25 and HK$2.38. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NNK Group Limited stock
NNK Group Limited finds support from accumulated volume at HK$2.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0.0400 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 2.42%
Our recommended stop-loss: HK$2.11 (-6.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (3773.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect NNK Group Limited to open at HK$2.26, and during the day (based on 14 day Average True Range), to move between HK$2.19 and HK$2.31, which gives a possible trading interval of +/-HK$0.0612 (+/-2.72%) up or down from last closing price. If NNK Group Limited takes out the full calculated possible swing range there will be an estimated 5.44% 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$2.24 (0.44%) than the resistance at HK$2.28 (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NNK Group Limited stock A Buy?
NNK Group Limited 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.
Current score: 0.634 Hold/Accumulate Unchanged
Predicted Opening Price for NNK Group Limited of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
HK$2.26 ( 0.296%) | HK$2.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3773.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.30 | 2.07% |
R2 | 2.28 | 1.39% |
R1 | 2.27 | 0.98% |
Price | 2.25 | |
S1 | 2.24 | -0.383% |
S2 | 2.23 | -0.80% |
S3 | 2.22 | -1.48% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.36 | 4.89% |
R2 | 2.33 | 3.56% |
R1 | 2.28 | 1.33% |
Price | 2.25 | |
S1 | 2.24 | -0.444% |
S2 | 2.23 | -0.89% |
S3 | 2.21 | -1.78% |
3773 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2017 | Jun 27, 2017 | Jul 17, 2017 | HK$0.0275 | 3.58% |
FAQ
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