Ocean One Holding 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
Green day on Monday for Ocean One Holding Ltd.
(Updated on May 06, 2024)
The Ocean One Holding Ltd. stock price gained 1.03% on the last trading day (Monday, 6th May 2024), rising from HK$1.94 to HK$1.96. During the last trading day the stock fluctuated 3.14% from a day low at HK$1.91 to a day high of HK$1.97. The price has been going up and down for this period, and there has been a 1.03% 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, 142 thousand more shares were traded than the day before. In total, 400 thousand shares were bought and sold for approximately HK$784.00 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$1.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 79.06% during the next 3 months and, with a 90% probability hold a price between HK$3.50 and HK$3.99 at the end of this 3-month period.
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8476.HK Signals & Forecast
The Ocean One Holding 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$1.95 and HK$1.88. A breakdown below any of these levels will issue sell signals. Ocean One Holding 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. Higher liquidity also reduces the general risk. 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 Friday, April 12, 2024, and so far it has fallen -0.508%. 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).
Support, Risk & Stop-loss for Ocean One Holding Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$1.80 and HK$1.79. 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, Ocean One Holding Ltd. finds support just below today's level at HK$1.80. If this is broken, then the next support from accumulated volume will be at HK$1.79 and HK$1.75.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0600 between high and low, or 3.14%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: HK$1.88 (-3.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (8476.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Ocean One Holding Ltd. to open at HK$1.95, and during the day (based on 14 day Average True Range), to move between HK$1.90 and HK$2.02, which gives a possible trading interval of +/-HK$0.0593 (+/-3.02%) up or down from last closing price. If Ocean One Holding Ltd. takes out the full calculated possible swing range there will be an estimated 6.05% 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$1.97 (0.51%) than the support at HK$1.80 (8.16%), 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 Ocean One Holding Ltd. 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 Ocean One Holding Ltd. stock to perform well in the short-term.
Current score: 4.433 Buy Candidate Unchanged
Predicted Opening Price for Ocean One Holding Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$1.95 ( 0.680%) | HK$1.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8476.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.01 | 2.38 % | |
| R2 | 1.98 | 1.21 % | ||
| R1 | 1.97 | 0.489 % | ||
| Current price: | 1.96 | |||
| Support | S1 | 1.92 | -1.85 % | |
| S2 | 1.91 | -2.57 % | ||
| S3 | 1.89 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 1.97 | 0.510 % | ||
| Current price | 1.96 | |||
| Support | S1 | 1.80 | -8.16% | |
| S2 | 1.79 | -8.67% | ||
| S3 | 1.75 | -10.71% |
8476 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 23, 2022 | Aug 23, 2022 | Aug 23, 2022 | HK$0.0330 | 4.46% |
| 2 | Aug 24, 2021 | Aug 24, 2021 | Aug 24, 2021 | HK$0.0250 | 3.09% |
| 3 | Jun 08, 2020 | Aug 25, 2020 | Sep 11, 2020 | HK$0.0220 | 3.06% |
| 4 | May 24, 2019 | Aug 27, 2019 | Sep 13, 2019 | HK$0.0270 | 3.70% |
| 5 | Jun 25, 2018 | Aug 28, 2018 | Sep 14, 2018 | HK$0.0220 | 3.61% |
FAQ
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