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
Green day on Friday for Kim Heng Offshore & Marine Holdings Ltd stock after gaining 1.15%
(Updated on Jun 14, 2024)
The Kim Heng Offshore & Marine Holdings Ltd stock price gained 1.15% on the last trading day (Friday, 14th Jun 2024), rising from S$0.0870 to S$0.0880. During the last trading day the stock fluctuated 3.49% from a day low at S$0.0860 to a day high of S$0.0890. The price has been going up and down for this period, and there has been a 1.15% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 690 thousand more shares were traded than the day before. In total, 890 thousand shares were bought and sold for approximately S$78.35 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 8.98% during the next 3 months and, with a 90% probability hold a price between S$0.0899 and S$0.114 at the end of this 3-month period.
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5G2.SI Signals & Forecast
There are mixed signals in the stock today. The Kim Heng Offshore & Marine Holdings Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at S$0.0882. On a fall, the stock will find some support from the short-term average at S$0.0874. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -10.20%. 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). 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. The very low volume increases the risk and reduces the other technical signals issued.
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$0.0870 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved S$0.0030 between high and low, or 3.49%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5G2.SI) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Kim Heng Offshore & Marine Holdings Limited to open at S$0.0877, and during the day (based on 14 day Average True Range), to move between S$0.0858 and S$0.0902, which gives a possible trading interval of +/-S$0.0022 (+/-2.54%) 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 5.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at S$0.0870 (1.14%) than the resistance at S$0.0900 (2.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kim Heng Offshore & Marine Holdings Limited stock A Buy?
Kim Heng Offshore & Marine Holdings Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.688 Sell Candidate Unchanged
Predicted Opening Price for Kim Heng Offshore & Marine Holdings Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| S$0.0877 ( 0.379%) | S$0.0880 |
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 | 0.0907 | 3.03% |
| R2 | 0.0895 | 1.73% |
| R1 | 0.0888 | 0.92% |
| Price | 0.0880 | |
| S1 | 0.0865 | -1.68% |
| S2 | 0.0858 | -2.49% |
| S3 | 0.0847 | -3.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0920 | 4.55% |
| R2 | 0.0910 | 3.41% |
| R1 | 0.0900 | 2.27% |
| Price | 0.0880 | |
| S1 | 0.0870 | -1.14% |
| S2 | 0.0860 | -2.27% |
| S3 | 0.0750 | -14.77% |
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 | 2.42% |
| 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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