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 to Buy Candidate.
(Updated on Jun 14, 2024)
The Finsoft Financial Investment Holdings stock price gained 2.56% on the last trading day (Friday, 14th Jun 2024), rising from HK$0.0780 to HK$0.0800. During the last trading day the stock fluctuated 3.85% from a day low at HK$0.0780 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 by -6 million shares and in total, 4 million shares were bought and sold for approximately HK$344.80 thousand. 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 very wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. HK$0.0800 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach HK$0.106 sometime during the next 3 months.
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8018.HK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 12, 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Finsoft Financial Investment Holdings 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$0.0777 and HK$0.0702. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Finsoft Financial Investment Holdings stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0760 and HK$0.0700. 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, Finsoft Financial Investment Holdings finds support just below today's level at HK$0.0760. If this is broken, then the next support from accumulated volume will be at HK$0.0700 and HK$0.0680.
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$0.0030 between high and low, or 3.85%. For the last week the stock has had daily average volatility of 7.40%.
Our recommended stop-loss: HK$0.0774 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (8018.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Finsoft Financial Investment Holdings Limited to open at HK$0.0797, and during the day (based on 14 day Average True Range), to move between HK$0.0726 and HK$0.0874, which gives a possible trading interval of +/-HK$0.0074 (+/-9.29%) 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 18.58% 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$0.0760 (5.00%), 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 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 period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.613 Buy Candidate Upgraded
Predicted Opening Price for Finsoft Financial Investment Holdings Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.0797 ( 0.417%) | 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 | 0.0827 | 3.33% |
| R2 | 0.0815 | 1.90% |
| R1 | 0.0808 | 1.02% |
| Price | 0.0800 | |
| S1 | 0.0785 | -1.85% |
| S2 | 0.0778 | -2.73% |
| S3 | 0.0767 | -4.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0840 | 5.00% |
| R2 | 0.0820 | 2.50% |
| R1 | 0.0810 | 1.25% |
| Price | 0.0800 | |
| S1 | 0.0760 | -5.00% |
| S2 | 0.0700 | -12.50% |
| S3 | 0.0680 | -15.00% |
FAQ
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