Finsoft Financial Investment Holdings 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
Finsoft Financial Investment Holdings stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
The Finsoft Financial Investment Holdings stock price fell by -1.23% on the last day (Thursday, 20th Jun 2024) from HK$0.0810 to HK$0.0800. During the last trading day the stock fluctuated 5.19% from a day low at HK$0.0770 to a day high of HK$0.0810. The price has risen in 5 of the last 10 days. 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 -4 million shares and in total, 6 million shares were bought and sold for approximately HK$506.40 thousand.
The stock lies in the upper part of a very wide and weak 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$0.0823 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.85% during the next 3 months and, with a 90% probability hold a price between HK$0.0622 and HK$0.0879 at the end of this 3-month period.
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8018.HK Signals & Forecast
The Finsoft Financial Investment Holdings stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.0803. On a fall, the stock will find some support from the long-term average at approximately HK$0.0729. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, June 17, 2024, and so far it has fallen -2.44%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Finsoft Financial Investment Holdings stock
Finsoft Financial Investment Holdings finds support from accumulated volume at HK$0.0780 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0040 between high and low, or 5.19%. For the last week the stock has had daily average volatility of 6.00%.
Our recommended stop-loss: HK$0.0762 (-4.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (8018.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Finsoft Financial Investment Holdings Limited to open at HK$0.0793, and during the day (based on 14 day Average True Range), to move between HK$0.0733 and HK$0.0867, which gives a possible trading interval of +/-HK$0.0067 (+/-8.42%) up or down from last closing price. If Finsoft Financial Investment Holdings Limited takes out the full calculated possible swing range there will be an estimated 16.84% 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$0.0810 (1.25%) than the support at HK$0.0780 (2.50%), 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 Finsoft Financial Investment 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 Finsoft Financial Investment Holdings stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.085 Buy Candidate Upgraded
Predicted Opening Price for Finsoft Financial Investment Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.0793 ( 0.83%) | HK$0.0800 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8018.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0833 | 4.17% |
| R2 | 0.0818 | 2.26% |
| R1 | 0.0809 | 1.08% |
| Price | 0.0800 | |
| S1 | 0.0778 | -2.74% |
| S2 | 0.0769 | -3.92% |
| S3 | 0.0753 | -5.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0830 | 3.75% |
| R2 | 0.0820 | 2.50% |
| R1 | 0.0810 | 1.25% |
| Price | 0.0800 | |
| S1 | 0.0780 | -2.50% |
| S2 | 0.0700 | -12.50% |
| S3 | 0.0680 | -15.00% |
FAQ
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