Tian Yuan Group Holdings 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
Strong day for Tian Yuan Group Holdings Limited stock price on Friday rising 9.43% to HK$0.580
(Updated on May 17, 2024)
The Tian Yuan Group Holdings Limited stock price gained 9.43% on the last trading day (Friday, 17th May 2024), rising from HK$0.530 to HK$0.580. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.26% from a day low at HK$0.540 to a day high of HK$0.590. The price has risen in 7 of the last 10 days and is up by 46.84% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 6 million shares were bought and sold for approximately HK$3.69 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$0.619 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 44.04% during the next 3 months and, with a 90% probability hold a price between HK$0.576 and HK$0.89 at the end of this 3-month period.
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6119.HK Signals & Forecast
The Tian Yuan Group Holdings Limited 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 HK$0.552 and HK$0.405. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -3.33%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, April 09, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 09, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Tian Yuan Group Holdings Limited stock
Tian Yuan Group Holdings Limited finds support from accumulated volume at HK$0.570 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0500 between high and low, or 9.26%. For the last week, the stock has had daily average volatility of 13.79%.
Our recommended stop-loss: HK$0.556 (-4.11%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (6119.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Tian Yuan Group Holdings Limited to open at HK$0.570, and during the day (based on 14 day Average True Range), to move between HK$0.531 and HK$0.629, which gives a possible trading interval of +/-HK$0.0493 (+/-8.51%) up or down from last closing price. If Tian Yuan Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 17.01% 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$0.570 (1.72%) than the resistance at HK$0.600 (3.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tian Yuan Group Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tian Yuan Group Holdings Limited stock to perform well in the short-term.
Current score: 1.973 Buy Candidate Unchanged
Predicted Opening Price for Tian Yuan Group Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.570 ( 1.72%) | HK$0.580 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6119.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.620 | 6.90 % | |
| R2 | 0.601 | 3.60 % | ||
| R1 | 0.589 | 1.57 % | ||
| Current price: | 0.580 | |||
| Support | S1 | 0.551 | -5.02 % | |
| S2 | 0.539 | -7.05 % | ||
| S3 | 0.520 | -10.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.600 | 3.45 % | ||
| Current price | 0.580 | |||
| Support | S1 | 0.570 | -1.72% | |
| S2 | 0.455 | -21.55% | ||
| S3 | 0.440 | -24.14% |
6119 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | HK$0.0457 | 12.52% |
| 2 | May 31, 2022 | May 31, 2022 | May 31, 2022 | HK$0.0430 | 11.95% |
| 3 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | HK$0.0340 | 7.73% |
| 4 | Mar 26, 2020 | Jun 09, 2020 | Jun 24, 2020 | HK$0.0320 | 7.90% |
| 5 | Mar 24, 2019 | May 27, 2019 | Jun 14, 2019 | HK$0.0130 | 2.03% |
FAQ
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