Global Sweeteners Holdings 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
Big movements in Global Sweeteners Holdings Limited stock price on Friday moving 14.46% between high and low
(Updated on May 17, 2024)
The Global Sweeteners Holdings Limited stock price gained 9.41% on the last trading day (Friday, 17th May 2024), rising from HK$0.0850 to HK$0.0930. During the last trading day the stock fluctuated 14.46% from a day low at HK$0.0830 to a day high of HK$0.0950. The price has been going up and down for this period, and there has been a 16.25% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 212 thousand shares were bought and sold for approximately HK$19.72 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to rise 2.89% during the next 3 months and, with a 90% probability hold a price between HK$0.0743 and HK$0.0957 at the end of this 3-month period.
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3889.HK Signals & Forecast
The Global Sweeteners Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.0830 and HK$0.0797. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 30.99%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Global Sweeteners Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0850 and HK$0.0810. 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, Global Sweeteners Holdings Limited finds support just below today's level at HK$0.0850. If this is broken, then the next support from accumulated volume will be at HK$0.0810 and HK$0.0800.
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$0.0120 between high and low, or 14.46%. For the last week the stock has had daily average volatility of 6.95%.
Our recommended stop-loss: HK$0.0901 (-3.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (3889.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Global Sweeteners Holdings Limited to open at HK$0.0903, and during the day (based on 14 day Average True Range), to move between HK$0.0884 and HK$0.0976, which gives a possible trading interval of +/-HK$0.0046 (+/-4.94%) up or down from last closing price. If Global Sweeteners Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.0850, some HK$0.0080 (8.60%) from the current price of HK$0.0930, our system finds the risk reward attractive.
Is Global Sweeteners Holdings Limited stock A Buy?
Global Sweeteners Holdings 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Global Sweeteners Holdings Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$0.0903 ( 2.87%) | HK$0.0930 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3889.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.102 | 10.04 % | |
R2 | 0.0977 | 5.11 % | ||
R1 | 0.0949 | 2.06 % | ||
Current price: | 0.0930 | |||
Support | S1 | 0.0857 | -7.80 % | |
S2 | 0.0829 | -10.84 % | ||
S3 | 0.0783 | -15.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.0930 | |||
Support | S1 | 0.0850 | -8.60% | |
S2 | 0.0810 | -12.90% | ||
S3 | 0.0800 | -13.98% |
3889 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 22, 2010 | May 25, 2010 | Jul 13, 2010 | HK$0.0100 | 0.704% |
FAQ
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