Qingdao Port International Co., 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
Qingdao Port International Co., Ltd. stock price ended at HK$5.70 on Monday, after gaining 0.88%.
(Updated on May 20, 2024)
The Qingdao Port International Co., Ltd. stock price gained 0.88% on the last trading day (Monday, 20th May 2024), rising from HK$5.65 to HK$5.70. During the last trading day the stock fluctuated 3.76% from a day low at HK$5.59 to a day high of HK$5.80. The price has risen in 8 of the last 10 days and is up by 11.55% over the past 2 weeks. Volume fell on the last day by -682 thousand shares and in total, 2 million shares were bought and sold for approximately HK$10.66 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 has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at HK$5.40, a level that may pose a second chance to hit a runner. According to fan-theory HK$5.73 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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6198.HK Signals & Forecast
Mostly positive signals in the chart today. The Qingdao Port International Co., 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 HK$5.54 and HK$5.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 25.55%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Qingdao Port International Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$4.67 and HK$4.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Qingdao Port International Co., Ltd. finds support just below today's level at HK$4.67. If this is broken, then the next support from accumulated volume will be at HK$4.60 and HK$4.59.
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$0.210 between high and low, or 3.76%. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: HK$5.53 (-3.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (6198.HK) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Qingdao Port International Co., Ltd. to open at HK$5.70, and during the day (based on 14 day Average True Range), to move between HK$5.56 and HK$5.84, which gives a possible trading interval of +/-HK$0.136 (+/-2.38%) up or down from last closing price. If Qingdao Port International Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$4.67, some HK$1.03 (18.07%) from the current price of HK$5.70, our system finds the risk reward attractive.
Is Qingdao Port International Co., Ltd. stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Qingdao Port International Co., Ltd. stock to perform well in the short-term period.
Current score: 5.619 Strong Buy Candidate Unchanged
Predicted Opening Price for Qingdao Port International Co., Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| HK$5.70 ( 0.0585%) | HK$5.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6198.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.91 | 3.63 % | |
| R2 | 5.83 | 2.22 % | ||
| R1 | 5.78 | 1.35 % | ||
| Current price: | 5.70 | |||
| Support | S1 | 5.62 | -1.47 % | |
| S2 | 5.57 | -2.34 % | ||
| S3 | 5.49 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.70 | |||
| Support | S1 | 4.67 | -18.07% | |
| S2 | 4.60 | -19.30% | ||
| S3 | 4.59 | -19.47% |
6198 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jul 31, 2024 | HK$0.317 | 5.57% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | HK$0.297 | 6.79% |
| 3 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | HK$0.300 | 8.16% |
| 4 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | HK$0.315 | 7.35% |
| 5 | Jun 15, 2020 | Jun 15, 2020 | Jun 15, 2020 | HK$0.219 | 5.25% |
FAQ
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