CROSSTEC Group 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
High volatility in CROSSTEC Group Holdings Limited stock price on Friday which ended trading at HK$0.690
(Updated on May 10, 2024)
No changes to the price of CROSSTEC Group Holdings Limited stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 10.61% from a day low at HK$0.660 to a day high of HK$0.730. The price has risen in 6 of the last 10 days and is up by 42.27% over the past 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 91.58% during the next 3 months and, with a 90% probability hold a price between HK$0.93 and HK$1.47 at the end of this 3-month period.
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3893.HK Signals & Forecast
The CROSSTEC Group Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.691. On a fall, the stock will find some support from the long-term average at approximately HK$0.476. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -6.76%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for CROSSTEC Group Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.650 and HK$0.550. 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, CROSSTEC Group Holdings Limited finds support just below today's level at HK$0.650. If this is broken, then the next support from accumulated volume will be at HK$0.550 and HK$0.520.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0700 between high and low, or 10.61%. For the last week, the stock has had daily average volatility of 10.81%.
Our recommended stop-loss: HK$0.652 (-5.56%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (3893.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect CROSSTEC Group Holdings Limited to open at HK$0.693, and during the day (based on 14 day Average True Range), to move between HK$0.635 and HK$0.745, which gives a possible trading interval of +/-HK$0.0552 (+/-8.00%) up or down from last closing price. If CROSSTEC Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 16.00% 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$0.700 (1.45%) than the support at HK$0.650 (5.80%), 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 CROSSTEC Group Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CROSSTEC Group Holdings Limited stock to perform well in the short-term.
Current score: 2.459 Buy Candidate Unchanged
Predicted Opening Price for CROSSTEC Group Holdings Limited of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
HK$0.693 ( 0.483%) | HK$0.690 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3893.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.763 | 10.63 % | |
R2 | 0.737 | 6.75 % | ||
R1 | 0.720 | 4.36 % | ||
Current price: | 0.690 | |||
Support | S1 | 0.667 | -3.39 % | |
S2 | 0.650 | -5.79 % | ||
S3 | 0.623 | -9.66 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0.740 | 7.25 % | ||
R1 | 0.700 | 1.45 % | ||
Current price | 0.690 | |||
Support | S1 | 0.650 | -5.80% | |
S2 | 0.550 | -20.29% | ||
S3 | 0.520 | -24.64% |
FAQ
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