China Aoyuan 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:
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
China Aoyuan Group Limited stock price ended at HK$0.150 on Friday, after losing 2.60%.
(Updated on Jun 28, 2024)
The China Aoyuan Group Limited stock price fell by -2.60% on the last day (Friday, 28th Jun 2024) from HK$0.154 to HK$0.150. During the last trading day the stock fluctuated 6.00% from a day low at HK$0.150 to a day high of HK$0.159. The price has fallen in 6 of the last 10 days and is down by -16.67% for this period. Volume has increased on the last day by 259 thousand 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, 2 million shares were bought and sold for approximately HK$305.60 thousand.
Given the current short-term trend, the stock is expected to rise 34.46% during the next 3 months and, with a 90% probability hold a price between HK$0.202 and HK$0.408 at the end of this 3-month period.
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3883.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 China Aoyuan 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$0.159 and HK$0.189. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -43.40%. Further fall is indicated until a new bottom pivot has been found. China Aoyuan Group Limited 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 China Aoyuan Group Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.138 and HK$0.131. 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, China Aoyuan Group Limited finds support just below today's level at HK$0.138. If this is broken, then the next support from accumulated volume will be at HK$0.131 and HK$0.124.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0090 between high and low, or 6.00%. For the last week, the stock has had daily average volatility of 5.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3883.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect China Aoyuan Group Limited to open at HK$0.153, and during the day (based on 14 day Average True Range), to move between HK$0.136 and HK$0.164, which gives a possible trading interval of +/-HK$0.0136 (+/-9.04%) up or down from last closing price. If China Aoyuan Group Limited takes out the full calculated possible swing range there will be an estimated 18.07% 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$0.138 (8.00%) than the resistance at HK$0.173 (15.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Aoyuan Group Limited stock A Buy?
The China Aoyuan Group Limited stock holds several negative signals and despite the positive trend, we believe China Aoyuan Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.678 Sell Candidate Unchanged
Predicted Opening Price for China Aoyuan Group Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.153 ( 2.00%) | HK$0.150 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3883.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.162 | 8.00% |
| R2 | 0.159 | 5.71% |
| R1 | 0.156 | 4.29% |
| Price | 0.150 | |
| S1 | 0.150 | -0.292% |
| S2 | 0.147 | -1.71% |
| S3 | 0.144 | -4.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.180 | 20.00% |
| R2 | 0.177 | 18.00% |
| R1 | 0.173 | 15.33% |
| Price | 0.150 | |
| S1 | 0.138 | -8.00% |
| S2 | 0.131 | -12.67% |
| S3 | 0.124 | -17.33% |
3883 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | HK$0.131 | 1.69% |
| 2 | Mar 24, 2020 | Jun 05, 2020 | Jul 17, 2020 | HK$0.601 | 5.88% |
| 3 | Mar 17, 2019 | May 31, 2019 | Jul 12, 2019 | HK$0.420 | 3.78% |
| 4 | Mar 14, 2018 | Jun 04, 2018 | Jul 13, 2018 | HK$0.310 | 5.65% |
| 5 | Mar 12, 2017 | Jun 01, 2017 | Jun 01, 2017 | HK$0.0600 | 2.61% |
FAQ
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