Grand Brilliance Group 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 Brilliance Group Holdings Limited stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jul 03, 2024)
No changes to the price of Grand Brilliance Group Holdings Limited stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 5.00% from a day low at HK$0.100 to a day high of HK$0.105. The price has been going up and down for this period, and there has been a -4.72% loss for the last 2 weeks.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at HK$0.101. A reaction back to this level may hold a second chance to get out before further falls.
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8372.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Grand Brilliance Group 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$0.104 and HK$0.108. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Grand Brilliance Group Holdings Limited stock
Grand Brilliance Group Holdings Limited finds support from accumulated volume at HK$0.100 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$0.0050 between high and low, or 5.00%. For the last week, the stock has had daily average volatility of 1.79%.
Grand Brilliance Group Holdings Limited is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8372.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Grand Brilliance Group Holdings Limited to open at HK$0.102, and during the day (based on 14 day Average True Range), to move between HK$0.0992 and HK$0.103, which gives a possible trading interval of +/-HK$0.0018 (+/-1.77%) up or down from last closing price. If Grand Brilliance Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.100 (0.99%) than the resistance at HK$0.103 (1.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grand Brilliance Group Holdings Limited stock A Buy?
The Grand Brilliance Group Holdings Limited stock holds several negative signals and despite the positive trend, we believe Grand Brilliance Group Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.191 Sell Candidate Downgraded
Predicted Opening Price for Grand Brilliance Group Holdings Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$0.102 ( 0.99%) | HK$0.101 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8372.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.107 | 5.94% |
| R2 | 0.105 | 4.05% |
| R1 | 0.104 | 2.88% |
| Price | 0.101 | |
| S1 | 0.100 | -0.90% |
| S2 | 0.0989 | -2.07% |
| S3 | 0.0970 | -3.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.110 | 8.91% |
| R2 | 0.106 | 4.95% |
| R1 | 0.103 | 1.98% |
| Price | 0.101 | |
| S1 | 0.100 | -0.99% |
| S2 | 0.0960 | -4.95% |
| S3 | 0.0950 | -5.94% |
8372 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Aug 12, 2024 | HK$0.0025 | 2.48% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Aug 14, 2023 | HK$0.0040 | 5.06% |
| 3 | Jul 04, 2022 | Jul 04, 2022 | Aug 15, 2022 | HK$0.0030 | 3.85% |
| 4 | Jul 05, 2021 | Jul 05, 2021 | Aug 16, 2021 | HK$0.0045 | 5.36% |
| 5 | Jun 19, 2020 | Jul 06, 2020 | Aug 03, 2020 | HK$0.0044 | 5.47% |
FAQ
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