FY Financial (Shenzhen) Co., 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 FY Financial (Shenzhen) Co., Ltd. stock price on Thursday moving 40.00% between high and low
(Updated on Jun 20, 2024)
The FY Financial (Shenzhen) Co., Ltd. stock price fell by -21.21% on the last day (Thursday, 20th Jun 2024) from HK$0.660 to HK$0.520. During the last trading day the stock fluctuated 40.00% from a day low at HK$0.500 to a day high of HK$0.700. The price has risen in 7 of the last 10 days and is up by 36.84% over the past 2 weeks. Volume has increased on the last day by 456 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 514 thousand shares were bought and sold for approximately HK$267.28 thousand.
The stock lies in the middle of a very wide and strong 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 63.10% during the next 3 months and, with a 90% probability hold a price between HK$0.521 and HK$1.08 at the end of this 3-month period.
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8452.HK Signals & Forecast
The FY Financial (Shenzhen) Co., Ltd. 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$0.598. On a fall, the stock will find some support from the long-term average at approximately HK$0.349. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, June 19, 2024, and so far it has fallen -21.21%. Further fall is indicated until a new bottom pivot has been found. FY Financial (Shenzhen) Co., Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for FY Financial (Shenzhen) Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.450 and HK$0.420. 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, FY Financial (Shenzhen) Co., Ltd. finds support just below today's level at HK$0.450. If this is broken, then the next support from accumulated volume will be at HK$0.420 and HK$0.395.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.200 between high and low, or 40.00%. For the last week, the stock has had daily average volatility of 35.75%.
Our recommended stop-loss: HK$0.496 (-4.62%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (8452.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect FY Financial (Shenzhen) Co., Ltd. to open at HK$0.573, and during the day (based on 14 day Average True Range), to move between HK$0.410 and HK$0.630, which gives a possible trading interval of +/-HK$0.110 (+/-21.15%) up or down from last closing price. If FY Financial (Shenzhen) Co., Ltd. takes out the full calculated possible swing range there will be an estimated 42.31% 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$0.450 (13.46%) than the resistance at HK$0.630 (21.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FY Financial (Shenzhen) Co., Ltd. stock A Buy?
FY Financial (Shenzhen) Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.384 Hold/Accumulate Unchanged
Predicted Opening Price for FY Financial (Shenzhen) Co., Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.573 ( 10.26%) | HK$0.520 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8452.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.773 | 48.72% |
| R2 | 0.697 | 34.03% |
| R1 | 0.650 | 24.95% |
| Price | 0.520 | |
| S1 | 0.497 | -4.44% |
| S2 | 0.450 | -13.51% |
| S3 | 0.373 | -28.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.640 | 23.08% |
| R1 | 0.630 | 21.15% |
| Price | 0.520 | |
| S1 | 0.450 | -13.46% |
| S2 | 0.420 | -19.23% |
| S3 | 0.395 | -24.04% |
8452 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2022 | May 31, 2022 | May 31, 2022 | HK$0.0153 | 4.37% |
| 2 | May 25, 2021 | May 25, 2021 | Jul 13, 2021 | HK$0.0036 | 0.571% |
| 3 | Mar 27, 2020 | May 26, 2020 | Jul 14, 2020 | HK$0.0546 | 8.53% |
| 4 | Feb 28, 2019 | May 02, 2019 | Jun 21, 2019 | HK$0.0582 | 8.95% |
| 5 | Mar 22, 2018 | May 17, 2018 | Jun 29, 2018 | HK$0.0247 | 1.98% |
FAQ
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