Zuoli Kechuang Micro-Finance 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
Red day on Friday for Zuoli Kechuang Micro-Finance Co Ltd stock after losing 0%
(Updated on Jun 14, 2024)
No changes to the price of Zuoli Kechuang Micro-Finance Co Ltd stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.315 to a day high of HK$0.315. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.53% during the next 3 months and, with a 90% probability hold a price between HK$0.254 and HK$0.348 at the end of this 3-month period.
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6866.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Zuoli Kechuang Micro-Finance 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$0.315 and HK$0.317. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen 0%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Zuoli Kechuang Micro-Finance Co Ltd stock
Zuoli Kechuang Micro-Finance Co Ltd finds support from accumulated volume at HK$0.310 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Zuoli Kechuang Micro-Finance Co Ltd is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: HK$0.301 (-4.60%) (This stock has low daily movements and this gives low risk. Low RSI14 is 20 which reduces the risk some. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (6866.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Zuoli Kechuang Micro-Finance Company Limited to open at HK$0.315, and during the day (based on 14 day Average True Range), to move between HK$0.308 and HK$0.322, which gives a possible trading interval of +/-HK$0.0067 (+/-2.13%) up or down from last closing price. If Zuoli Kechuang Micro-Finance Company Limited takes out the full calculated possible swing range there will be an estimated 4.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$0.320 (1.59%) than the support at HK$0.310 (1.59%), 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 Zuoli Kechuang Micro-Finance Company Limited stock A Buy?
Zuoli Kechuang Micro-Finance Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Zuoli Kechuang Micro-Finance Company Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.315 ( 0%) | HK$0.315 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6866.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.315 | - |
| R2 | 0.315 | - |
| R1 | 0.315 | - |
| Price | 0.315 | |
| S1 | 0.315 | - |
| S2 | 0.315 | - |
| S3 | 0.315 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.330 | 4.76% |
| R2 | 0.325 | 3.17% |
| R1 | 0.320 | 1.59% |
| Price | 0.315 | |
| S1 | 0.310 | -1.59% |
| S2 | 0.300 | -4.76% |
| S3 | 0.295 | -6.35% |
6866 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Aug 01, 2024 | HK$0.0216 | 6.86% |
| 2 | Jul 21, 2023 | Jul 21, 2023 | Jul 21, 2023 | HK$0.0435 | 13.81% |
| 3 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | HK$0.0586 | 16.51% |
| 4 | Mar 22, 2019 | Jul 05, 2019 | Sep 10, 2019 | HK$0.142 | 34.71% |
| 5 | Mar 23, 2016 | Jul 05, 2016 | Jul 28, 2016 | HK$0.164 | 13.77% |
FAQ
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