Huazhong In-Vehicle Holdings 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
Huazhong In-Vehicle Holdings Co Ltd stock downgraded to Sell Candidate
(Updated on May 31, 2024)
The Huazhong In-Vehicle Holdings Co Ltd stock price fell by -2.16% on the last day (Friday, 31st May 2024) from HK$2.31 to HK$2.26. During the last trading day the stock fluctuated 2.21% from a day low at HK$2.26 to a day high of HK$2.31. The price has fallen in 5 of the last 10 days and is down by -2.59% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -910 thousand shares and in total, 6 million shares were bought and sold for approximately HK$12.85 million.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately HK$2.26 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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6830.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Huazhong In-Vehicle Holdings Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$2.28 and HK$2.31. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Huazhong In-Vehicle Holdings Co Ltd stock
Huazhong In-Vehicle Holdings Co Ltd finds support from accumulated volume at HK$2.25 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 HK$0.0500 between high and low, or 2.21%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6830.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Huazhong In-Vehicle Holdings Company Limited to open at HK$2.28, and during the day (based on 14 day Average True Range), to move between HK$2.22 and HK$2.30, which gives a possible trading interval of +/-HK$0.0430 (+/-1.90%) up or down from last closing price. If Huazhong In-Vehicle Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 3.80% 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$2.25 (0.44%) than the resistance at HK$2.28 (0.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Huazhong In-Vehicle Holdings Company Limited stock A Buy?
Huazhong In-Vehicle Holdings Co Ltd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.104 Sell Candidate Downgraded
Predicted Opening Price for Huazhong In-Vehicle Holdings Company Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$2.28 ( 0.737%) | HK$2.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6830.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.33 | 2.95 % | |
| R2 | 2.31 | 2.10 % | ||
| R1 | 2.30 | 1.58 % | ||
| Current price: | 2.26 | |||
| Support | S1 | 2.26 | -0.108 % | |
| S2 | 2.25 | -0.630 % | ||
| S3 | 2.23 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.31 | 2.21 % | |
| R2 | 2.30 | 1.77 % | ||
| R1 | 2.28 | 0.88 % | ||
| Current price | 2.26 | |||
| Support | S1 | 2.25 | -0.442% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
6830 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jul 11, 2024 | HK$0.0027 | 0.120% |
| 2 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | HK$0.0084 | 0.352% |
| 3 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | HK$0.0053 | 0.193% |
| 4 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | HK$0.0073 | 0.351% |
| 5 | Apr 27, 2020 | Jun 24, 2020 | Jul 31, 2020 | HK$0.0052 | 0.87% |
FAQ
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