Marco Polo Marine 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
Red day on Tuesday for Marco Polo Marine Ltd. stock after losing 0%
(Updated on May 21, 2024)
No changes to the price of Marco Polo Marine Ltd. stock on the last trading day (Tuesday, 21st May 2024). During the last trading day the stock fluctuated 2.99% from a day low at S$0.0670 to a day high of S$0.0690. The price has been going up and down for this period, and there has been a -1.47% loss for the last 2 weeks.
Given the current short-term trend, the stock is expected to rise 33.95% during the next 3 months and, with a 90% probability hold a price between S$0.0897 and S$0.0973 at the end of this 3-month period.
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5LY.SI Signals & Forecast
The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Marco Polo Marine Ltd. 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 S$0.0693 and S$0.0679. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -5.63%. 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).
Support, Risk & Stop-loss for Marco Polo Marine Ltd. stock
Marco Polo Marine Ltd. finds support from accumulated volume at S$0.0660 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$0.0020 (2.99%) between high and low. For the last week, the stock has had daily average volatility of 2.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5LY.SI) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Marco Polo Marine Ltd. to open at S$0.0677, and during the day (based on 14 day Average True Range), to move between S$0.0649 and S$0.0691, which gives a possible trading interval of +/-S$0.0021 (+/-3.14%) up or down from last closing price. If Marco Polo Marine Ltd. takes out the full calculated possible swing range there will be an estimated 6.29% 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$0.0680 (1.49%) than the support at S$0.0660 (1.49%), 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 Marco Polo Marine Ltd. stock A Buy?
The Marco Polo Marine Ltd. stock holds several negative signals and despite the positive trend, we believe Marco Polo Marine Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.473 Sell Candidate Unchanged
Predicted Opening Price for Marco Polo Marine Ltd. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| S$0.0677 ( 1.00%) | S$0.0670 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5LY.SI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0697 | 3.98 % | |
| R2 | 0.0689 | 2.84 % | ||
| R1 | 0.0684 | 2.14 % | ||
| Current price: | 0.0670 | |||
| Support | S1 | 0.0669 | -0.145 % | |
| S2 | 0.0664 | -0.85 % | ||
| S3 | 0.0657 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0700 | 4.48 % | |
| R2 | 0.0690 | 2.99 % | ||
| R1 | 0.0680 | 1.49 % | ||
| Current price | 0.0670 | |||
| Support | S1 | 0.0660 | -1.49% | |
| S2 | 0.0630 | -5.97% | ||
| S3 | 0.0600 | -10.45% |
5LY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Feb 16, 2024 | Mar 08, 2024 | S$0.0010 | 1.82% |
| 2 | Dec 10, 2013 | Dec 10, 2013 | Dec 10, 2013 | S$0.0140 | 3.78% |
| 3 | Dec 10, 2012 | Dec 10, 2012 | Dec 10, 2012 | S$0.0080 | 2.19% |
| 4 | Dec 09, 2011 | Dec 09, 2011 | Dec 09, 2011 | S$0.0100 | 2.94% |
FAQ
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