Amuse Group Holding 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
Red day on Tuesday for Amuse Group Holding Limited stock after losing 0%
(Updated on Apr 30, 2024)
No changes to the price of Amuse Group Holding Limited stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0340 to a day high of HK$0.0340. The price has been going up and down for this period, and there has been a 6.25% gain for the last 2 weeks.
The stock lies in the middle of a 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 10.20% during the next 3 months and, with a 90% probability hold a price between HK$0.0345 and HK$0.0387 at the end of this 3-month period.
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8545.HK Signals & Forecast
The Amuse Group Holding Limited 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$0.0326 and HK$0.0320. A breakdown below any of these levels will issue sell signals. 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 Monday, April 29, 2024, and so far it has fallen 0%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Amuse Group Holding Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0320 and HK$0.0310. 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, Amuse Group Holding Limited finds support just below today's level at HK$0.0320. If this is broken, then the next support from accumulated volume will be at HK$0.0310 and HK$0.0300.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.58%
Our recommended stop-loss: HK$0.0327 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (8545.HK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Amuse Group Holding Limited to open at HK$0.0340, and during the day (based on 14 day Average True Range), to move between HK$0.0330 and HK$0.0350, which gives a possible trading interval of +/-HK$0.0010 (+/-2.82%) up or down from last closing price. If Amuse Group Holding Limited takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.0320, some HK$0.0020 (5.88%) from the current price of HK$0.0340, our system finds the risk reward attractive.
Is Amuse Group Holding 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 Amuse Group Holding Limited stock to perform well in the short-term.
Current score: 1.786 Buy Candidate Unchanged
Predicted Opening Price for Amuse Group Holding Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| HK$0.0340 ( 0%) | HK$0.0340 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8545.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0340 | . | |
| R2 | 0.0340 | . | ||
| R1 | 0.0340 | . | ||
| Current price: | 0.0340 | |||
| Support | S1 | 0.0340 | . | |
| S2 | 0.0340 | . | ||
| S3 | 0.0340 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0340 | |||
| Support | S1 | 0.0320 | -5.88% | |
| S2 | 0.0310 | -8.82% | ||
| S3 | 0.0300 | -11.76% |
FAQ
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