Kingsoft Corporation 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
Kingsoft Corporation Limited stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 30, 2024)
The Kingsoft Corporation Limited stock price gained 2.63% on the last trading day (Thursday, 30th May 2024), rising from HK$24.70 to HK$25.35. During the last trading day the stock fluctuated 4.08% from a day low at HK$24.50 to a day high of HK$25.50. The price has fallen in 7 of the last 10 days and is down by -5.41% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 527 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately HK$112.49 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$24.78 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.69% during the next 3 months and, with a 90% probability hold a price between HK$29.91 and HK$33.56 at the end of this 3-month period.
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3888.HK Signals & Forecast
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. The Kingsoft Corporation 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$25.44 and HK$25.68. 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 -6.63%. 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 Kingsoft Corporation Limited stock
Kingsoft Corporation Limited finds support from accumulated volume at HK$24.80 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$1.00 between high and low, or 4.08%. For the last week, the stock has had daily average volatility of 4.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3888.HK) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Kingsoft Corporation Limited to open at HK$25.12, and during the day (based on 14 day Average True Range), to move between HK$24.28 and HK$26.42, which gives a possible trading interval of +/-HK$1.07 (+/-4.20%) up or down from last closing price. If Kingsoft Corporation Limited takes out the full calculated possible swing range there will be an estimated 8.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$25.60 (0.99%) than the support at HK$24.80 (2.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Kingsoft Corporation Limited stock A Buy?
The Kingsoft Corporation Limited stock holds several negative signals and despite the positive trend, we believe Kingsoft Corporation Limited will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.376 Sell Candidate Downgraded
Predicted Opening Price for Kingsoft Corporation Limited of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| HK$25.12 ( 0.92%) | HK$25.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3888.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.12 | 3.02 % | |
| R2 | 25.73 | 1.52 % | ||
| R1 | 25.50 | 0.586 % | ||
| Current price: | 25.35 | |||
| Support | S1 | 24.73 | -2.43 % | |
| S2 | 24.50 | -3.36 % | ||
| S3 | 24.12 | -4.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.70 | 1.38 % | |
| R2 | 25.65 | 1.18 % | ||
| R1 | 25.60 | 0.99 % | ||
| Current price | 25.35 | |||
| Support | S1 | 24.80 | -2.17% | |
| S2 | 24.00 | -5.33% | ||
| S3 | 22.55 | -11.05% |
3888 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 19, 2024 | HK$0.140 | 0.552% |
| 2 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | HK$0.130 | 0.417% |
| 3 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | HK$0.120 | 0.454% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | HK$0.120 | 0.464% |
| 5 | May 31, 2021 | May 31, 2021 | May 31, 2021 | HK$0.200 | 0.382% |
FAQ
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