Kim Heng Offshore & Marine Holdings Ltd 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
On Tuesday, Kim Heng Offshore & Marine Holdings Ltd stock price gained an impressive 6.74%
(Updated on Jun 25, 2024)
The Kim Heng Offshore & Marine Holdings Ltd stock price gained 6.74% on the last trading day (Tuesday, 25th Jun 2024), rising from S$0.0890 to S$0.0950. During the last trading day the stock fluctuated 5.56% from a day low at S$0.0900 to a day high of S$0.0950. The price has risen in 4 of the last 10 days and is up by 9.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately S$372.45 thousand.
The stock lies in the middle of a very 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 3.80% during the next 3 months and, with a 90% probability hold a price between S$0.0816 and S$0.105 at the end of this 3-month period.
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5G2.SI Signals & Forecast
The Kim Heng Offshore & Marine Holdings Ltd 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 S$0.0904 and S$0.0884. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Kim Heng Offshore & Marine Holdings Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, April 08, 2024, and so far it has fallen -3.06%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kim Heng Offshore & Marine Holdings Ltd stock
Kim Heng Offshore & Marine Holdings Ltd finds support from accumulated volume at S$0.0920 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved S$0.0050 (5.56%) between high and low. For the last week, the stock has had daily average volatility of 4.93%.
Our recommended stop-loss: S$0.0896 (-5.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 62 days ago.)
Trading Expectations (5G2.SI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Kim Heng Offshore & Marine Holdings Limited to open at S$0.0933, and during the day (based on 14 day Average True Range), to move between S$0.0919 and S$0.0981, which gives a possible trading interval of +/-S$0.0031 (+/-3.23%) up or down from last closing price. If Kim Heng Offshore & Marine Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$0.0980 (3.16%) than the support at S$0.0920 (3.16%), 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 Kim Heng Offshore & Marine Holdings Limited stock A Buy?
Kim Heng Offshore & Marine Holdings Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.175 Strong Buy Candidate Upgraded
Predicted Opening Price for Kim Heng Offshore & Marine Holdings Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| S$0.0933 ( 1.75%) | S$0.0950 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5G2.SI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0983 | 3.51% |
| R2 | 0.0964 | 1.50% |
| R1 | 0.0952 | 0.256% |
| Price | 0.0950 | |
| S1 | 0.0914 | -3.76% |
| S2 | 0.0902 | -5.01% |
| S3 | 0.0883 | -7.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0980 | 3.16% |
| Price | 0.0950 | |
| S1 | 0.0920 | -3.16% |
| S2 | 0.0910 | -4.21% |
| S3 | 0.0900 | -5.26% |
5G2 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 24, 2024 | Jun 24, 2024 | Jun 24, 2024 | S$0 | 0% |
| 2 | Jun 21, 2024 | Jun 21, 2024 | Jul 12, 2024 | S$0.0021 | 2.26% |
| 3 | May 10, 2023 | May 10, 2023 | May 26, 2023 | S$0.0028 | 2.75% |
| 4 | Apr 30, 2018 | Apr 30, 2018 | May 15, 2018 | S$0.0007 | 0.753% |
| 5 | May 03, 2017 | May 03, 2017 | May 17, 2017 | S$0.0007 | 0.93% |
FAQ
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