Hui Xian Real Estate Investment Trust 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 Friday for Hui Xian Real Estate Investment Trust
(Updated on Jun 14, 2024)
The Hui Xian Real Estate Investment Trust stock price fell by -1.47% on the last day (Friday, 14th Jun 2024) from HK$0.680 to HK$0.670. During the last trading day the stock fluctuated 3.03% from a day low at HK$0.660 to a day high of HK$0.680. The price has been going up and down for this period, and there has been a -6.94% loss 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 -419 thousand shares and in total, 1 million shares were bought and sold for approximately HK$782.09 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$0.668 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 10.38% during the next 3 months and, with a 90% probability hold a price between HK$0.737 and HK$0.83 at the end of this 3-month period.
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87001.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Hui Xian Real Estate Investment Trust 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$0.689 and HK$0.695. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -9.46%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Hui Xian Real Estate Investment Trust stock
Hui Xian Real Estate Investment Trust finds support from accumulated volume at HK$0.660 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0200 between high and low, or 3.03%. For the last week the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (87001.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Hui Xian Real Estate Investment Trust to open at HK$0.670, and during the day (based on 14 day Average True Range), to move between HK$0.652 and HK$0.688, which gives a possible trading interval of +/-HK$0.0182 (+/-2.71%) up or down from last closing price. If Hui Xian Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 5.42% 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$0.660 (1.49%) than the resistance at HK$0.700 (4.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hui Xian Real Estate Investment Trust stock A Buy?
The Hui Xian Real Estate Investment Trust stock holds several negative signals and despite the positive trend, we believe Hui Xian Real Estate Investment Trust will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.009 Sell Candidate Unchanged
Predicted Opening Price for Hui Xian Real Estate Investment Trust of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.670 ( 0%) | HK$0.670 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 87001.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.690 | 2.99% |
| R2 | 0.682 | 1.84% |
| R1 | 0.678 | 1.14% |
| Price | 0.670 | |
| S1 | 0.662 | -1.14% |
| S2 | 0.658 | -1.84% |
| S3 | 0.650 | -2.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.740 | 10.45% |
| R2 | 0.720 | 7.46% |
| R1 | 0.700 | 4.48% |
| Price | 0.670 | |
| S1 | 0.660 | -1.49% |
| S2 | 0.650 | -2.99% |
| S3 | 0.640 | -4.48% |
87001 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | May 28, 2024 | HK$0.0013 | 0.178% |
| 2 | Aug 10, 2023 | Aug 10, 2023 | Sep 27, 2023 | HK$0.0348 | 3.78% |
| 3 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | HK$0.0318 | 2.77% |
| 4 | Aug 12, 2022 | Aug 12, 2022 | Aug 12, 2022 | HK$0.0516 | 5.61% |
| 5 | Mar 23, 2022 | Mar 23, 2022 | Mar 23, 2022 | HK$0.0261 | 2.27% |
FAQ
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