Grand T G Gold Holdings Limited 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
Grand T G Gold Holdings Limited stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Grand T G Gold Holdings Limited stock price fell by -2.35% on the last day (Wednesday, 26th Jun 2024) from HK$0.170 to HK$0.166. During the last trading day the stock fluctuated 8.07% from a day low at HK$0.161 to a day high of HK$0.174. The price has been going up and down for this period, and there has been a 1.22% gain for the last 2 weeks. 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, 46 million shares were bought and sold for approximately HK$7.63 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Grand T G Gold Holdings Limited stock with a 90% probability to be traded between HK$0.157 and HK$0.213 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8299.HK Signals & Forecast
There are mixed signals in the stock today. The Grand T G Gold Holdings Limited 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$0.168 and HK$0.178. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 7.79%. 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).
Support, Risk & Stop-loss for Grand T G Gold Holdings Limited stock
Grand T G Gold Holdings Limited finds support from accumulated volume at HK$0.164 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0130 between high and low, or 8.07%. For the last week, the stock has had daily average volatility of 5.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8299.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Grand T G Gold Holdings Limited to open at HK$0.167, and during the day (based on 14 day Average True Range), to move between HK$0.154 and HK$0.178, which gives a possible trading interval of +/-HK$0.0116 (+/-6.98%) up or down from last closing price. If Grand T G Gold Holdings Limited takes out the full calculated possible swing range there will be an estimated 13.97% 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$0.167 (0.60%) than the support at HK$0.164 (1.20%), 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 Grand T G Gold Holdings Limited stock A Buy?
Grand T G Gold Holdings Limited holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.
Current score: -3.979 Sell Candidate Downgraded
Predicted Opening Price for Grand T G Gold Holdings Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$0.167 ( 0.602%) | HK$0.166 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8299.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.180 | 8.43% |
| R2 | 0.175 | 5.44% |
| R1 | 0.172 | 3.59% |
| Price | 0.166 | |
| S1 | 0.162 | -2.39% |
| S2 | 0.159 | -4.24% |
| S3 | 0.154 | -7.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.170 | 2.41% |
| R2 | 0.168 | 1.20% |
| R1 | 0.167 | 0.602% |
| Price | 0.166 | |
| S1 | 0.164 | -1.20% |
| S2 | 0.160 | -3.61% |
| S3 | 0.159 | -4.22% |
8299 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2007 | Jul 20, 2007 | Aug 06, 2007 | HK$0.0167 | 0.331% |
| 2 | Jun 27, 2006 | Jul 20, 2006 | Aug 03, 2006 | HK$0.0386 | 1.73% |
| 3 | Jun 23, 2005 | Jul 21, 2005 | Aug 03, 2005 | HK$0.0193 | 1.14% |
| 4 | Nov 12, 2004 | Dec 01, 2004 | Dec 01, 2004 | HK$0.0064 | 0.487% |
FAQ
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