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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 3978.HK
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China Beststudy Education Group stock price ended at HK$3.45 on Friday, after losing 1.43%.
(Updated on Jun 14, 2024)

Buy or Hold candidate since Apr 23, 2024 Gain 12.75% PDF

The China Beststudy Education Group stock price fell by -1.43% on the last day (Friday, 14th Jun 2024) from HK$3.50 to HK$3.45. During the last trading day the stock fluctuated 2.92% from a day low at HK$3.43 to a day high of HK$3.53. The price has risen in 5 of the last 10 days and is up by 3.92% over the past 2 weeks. 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 -2 million shares and in total, 2 million shares were bought and sold for approximately HK$6.22 million.

The stock lies in the middle of a 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 23.80% during the next 3 months and, with a 90% probability hold a price between HK$3.96 and HK$4.75 at the end of this 3-month period.

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3978.HK Signals & Forecast

The China Beststudy Education Group 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$3.57. On a fall, the stock will find some support from the long-term average at approximately HK$3.40. 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). 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 Tuesday, June 04, 2024, and so far it has fallen -8.00%. Further fall is indicated until a new bottom pivot has been found. 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 China Beststudy Education Group stock

China Beststudy Education Group finds support from accumulated volume at HK$3.38 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$0.1000 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 5.18%.

Our recommended stop-loss: HK$3.29 (-4.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (3978.HK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect China Beststudy Education Group to open at HK$3.47, and during the day (based on 14 day Average True Range), to move between HK$3.21 and HK$3.69, which gives a possible trading interval of +/-HK$0.239 (+/-6.92%) up or down from last closing price. If China Beststudy Education Group takes out the full calculated possible swing range there will be an estimated 13.85% 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$3.49 (1.16%) than the support at HK$3.38 (2.03%), 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 China Beststudy Education Group stock A Buy?

China Beststudy Education Group 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: 0.398 Hold/Accumulate Unchanged

Predicted Opening Price for China Beststudy Education Group of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
HK$3.47 ( 0.580%) HK$3.45

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 3978.HK

Fibonacci Support & Resistance Levels

Level Price
R3 3.57 3.48%
R2 3.53 2.37%
R1 3.51 1.69%
Price 3.45
S1 3.43 -0.528%
S2 3.41 -1.21%
S3 3.37 -2.32%

Accumulated Volume Support & Resistance Levels

Level Price
R3 3.64 5.51%
R2 3.52 2.03%
R1 3.49 1.16%
Price 3.45
S1 3.38 -2.03%
S2 3.01 -12.75%
S3 2.98 -13.62%

3978 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 20, 2024 May 20, 2024 Jun 06, 2024 HK$0.0350 0.96%
2 May 18, 2021 May 18, 2021 May 18, 2021 HK$0.0550 2.57%
3 Mar 25, 2020 May 25, 2020 Jun 09, 2020 HK$0.0200 0.517%

FAQ

What is the symbol for China Beststudy Education Group Stock and on which exchange is it traded?
The symbol for China Beststudy Education Group is 3978.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell China Beststudy Education Group Stock?
China Beststudy Education Group 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.

How to buy China Beststudy Education Group Stock?
China Beststudy Education Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy China Beststudy Education Group Stock.

What's the current price of China Beststudy Education Group Stock?
As of the end of day on the Jun 14, 2024, the price of an China Beststudy Education Group (3978.HK) share was HK$3.45.

What is the 52-week high and low for China Beststudy Education Group Stock?
The 52-week high for China Beststudy Education Group Stock is HK$4.06 and the 52-week low is HK$0.650.

What is the market capitalization of China Beststudy Education Group Stock?
As of the Jun 14, 2024, the market capitalization of China Beststudy Education Group is 2.923B.

When is the next earnings date for China Beststudy Education Group?
The upcoming earnings date for China Beststudy Education Group is May 16, 2025.
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About China Beststudy Education Group

China Beststudy Education Group provides after-school education services for K-12 student groups in China. The company offers education related courses, such as full-time test preparation programs, which aims to help middle school and high school graduates to be admitted to their preferred schools; talent education solutions to promote the all-round development of students that allows an engaging and enjoyable learning process; after-school tutor... 3978.HK Profile

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