Orient Securities Company 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
Red day on Friday for Orient Securities Company Limited stock after losing 0.314%
(Updated on May 31, 2024)
The Orient Securities Company Limited stock price fell by -0.314% on the last day (Friday, 31st May 2024) from HK$3.18 to HK$3.17. During the last trading day the stock fluctuated 2.53% from a day low at HK$3.16 to a day high of HK$3.24. The price has fallen in 9 of the last 10 days and is down by -12.67% 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 -968 thousand shares and in total, 2 million shares were bought and sold for approximately HK$6.63 million.
The stock lies in the middle of a wide and weak 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 3.68% during the next 3 months and, with a 90% probability hold a price between HK$3.04 and HK$3.79 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3958.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Orient Securities Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$3.24 and HK$3.24. 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 -12.67%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Orient Securities Company Limited stock
Orient Securities Company Limited finds support from accumulated volume at HK$3.14 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$0.0800 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3958.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Orient Securities Company Limited to open at HK$3.19, and during the day (based on 14 day Average True Range), to move between HK$3.05 and HK$3.29, which gives a possible trading interval of +/-HK$0.117 (+/-3.70%) up or down from last closing price. If Orient Securities Company Limited takes out the full calculated possible swing range there will be an estimated 7.40% 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$3.14 (0.95%) than the resistance at HK$3.26 (2.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Orient Securities Company Limited stock A Buy?
The Orient Securities Company Limited stock holds several negative signals and despite the positive trend, we believe Orient Securities Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.431 Sell Candidate Unchanged
Predicted Opening Price for Orient Securities Company Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$3.19 ( 0.631%) | HK$3.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3958.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.27 | 3.15 % | |
| R2 | 3.24 | 2.19 % | ||
| R1 | 3.22 | 1.59 % | ||
| Current price: | 3.17 | |||
| Support | S1 | 3.16 | -0.333 % | |
| S2 | 3.14 | -0.93 % | ||
| S3 | 3.11 | -1.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.47 | 9.46 % | |
| R2 | 3.27 | 3.15 % | ||
| R1 | 3.26 | 2.84 % | ||
| Current price | 3.17 | |||
| Support | S1 | 3.14 | -0.95% | |
| S2 | 3.13 | -1.26% | ||
| S3 | 2.92 | -7.89% |
3958 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2024 | May 27, 2024 | May 27, 2024 | HK$0 | 0% |
| 2 | May 23, 2023 | May 23, 2023 | May 23, 2023 | HK$0.170 | 3.83% |
| 3 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | HK$0.293 | 7.25% |
| 4 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | HK$0.301 | 5.78% |
| 5 | May 29, 2020 | May 29, 2020 | May 29, 2020 | HK$0.164 | 4.42% |
FAQ
Click here for our free guide on how to buy Orient Securities Company Limited Stock.
