Global Digital Creations Holdings 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
Big movements in Global Digital Creations Holdings Ltd stock price on Friday moving 23.44% between high and low
(Updated on May 17, 2024)
The Global Digital Creations Holdings Ltd stock price gained 1.28% on the last trading day (Friday, 17th May 2024), rising from HK$0.0780 to HK$0.0790. During the last trading day the stock fluctuated 23.44% from a day low at HK$0.0640 to a day high of HK$0.0790. The price has been going up and down for this period, and there has been a 14.49% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 162 thousand more shares were traded than the day before. In total, 176 thousand shares were bought and sold for approximately HK$13.90 thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.61% during the next 3 months and, with a 90% probability hold a price between HK$0.0677 and HK$0.0942 at the end of this 3-month period.
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8271.HK Signals & Forecast
Mostly positive signals in the chart today. The Global Digital Creations Holdings 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$0.0767 and HK$0.0751. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 29.51%. 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). Global Digital Creations Holdings Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Global Digital Creations Holdings Ltd stock
Global Digital Creations Holdings Ltd finds support from accumulated volume at HK$0.0770 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0150 between high and low, or 23.44%. For the last week, the stock has had daily average volatility of 8.22%.
Our recommended stop-loss: HK$0.0760 (-3.76%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (8271.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Global Digital Creations Holdings Limited to open at HK$0.0740, and during the day (based on 14 day Average True Range), to move between HK$0.0737 and HK$0.0843, which gives a possible trading interval of +/-HK$0.0053 (+/-6.75%) up or down from last closing price. If Global Digital Creations Holdings Limited takes out the full calculated possible swing range there will be an estimated 13.50% 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$0.0800 (1.27%) than the support at HK$0.0770 (2.53%), 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 Global Digital Creations 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 Global Digital Creations Holdings Ltd 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: 4.294 Buy Candidate Upgraded
Predicted Opening Price for Global Digital Creations Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.0740 ( 6.33%) | HK$0.0790 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8271.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0890 | 12.66 % | |
| R2 | 0.0833 | 5.41 % | ||
| R1 | 0.0797 | 0.92 % | ||
| Current price: | 0.0790 | |||
| Support | S1 | 0.0683 | -13.58 % | |
| S2 | 0.0647 | -18.06 % | ||
| S3 | 0.0590 | -25.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0840 | 6.33 % | |
| R2 | 0.0820 | 3.80 % | ||
| R1 | 0.0800 | 1.27 % | ||
| Current price | 0.0790 | |||
| Support | S1 | 0.0770 | -2.53% | |
| S2 | 0.0660 | -16.46% | ||
| S3 | 0.0620 | -21.52% |
8271 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2018 | Aug 02, 2018 | Aug 20, 2018 | HK$0.0800 | 42.11% |
FAQ
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