Aimei Health Technology 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
Red day on Wednesday for Aimei Health Technology Co., Ltd
(Updated on Jun 26, 2024)
The Aimei Health Technology Co., Ltd stock price fell by -0.145% on the last day (Wednesday, 26th Jun 2024) from $10.35 to $10.34. During the last trading day the stock fluctuated 0% from a day low at $10.34 to a day high of $10.34. The price has been going up and down for this period, and there has been a 0.05% gain 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 -40 thousand shares and in total, 207 shares were bought and sold for approximately $2.14 thousand.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $10.34 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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AFJK Signals & Forecast
The Aimei Health Technology 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 $10.38. On a fall, the stock will find some support from the long-term average at approximately $10.33. 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. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.0484%. Further rise is indicated until a new top pivot has been found. 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. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Aimei Health Technology Co., Ltd stock
Aimei Health Technology Co., Ltd finds support from accumulated volume at $10.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0097%
Our recommended stop-loss: $9.72 (-5.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (AFJK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Aimei Health Technology Co., Ltd Ordinary Share to open at $10.34, and during the day (based on 14 day Average True Range), to move between $10.32 and $10.35, which gives a possible trading interval of +/-$0.0200 (+/-0.19%) up or down from last closing price. If Aimei Health Technology Co., Ltd Ordinary Share takes out the full calculated possible swing range there will be an estimated 0.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.33 (0.05%) than the resistance at $10.35 (0.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aimei Health Technology Co., Ltd Ordinary Share stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Aimei Health Technology Co., Ltd stock to perform well in the short-term period.
Current score: 2.435 Buy Candidate Unchanged
Predicted Opening Price for Aimei Health Technology Co., Ltd Ordinary Share of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $10.34 ( 0%) | $10.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFJK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.34 | - |
| R2 | 10.34 | - |
| R1 | 10.34 | - |
| Price | 10.34 | |
| S1 | 10.34 | - |
| S2 | 10.34 | - |
| S3 | 10.34 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.47 | 1.28% |
| R2 | 10.35 | 0.145% |
| R1 | 10.35 | 0.103% |
| Price | 10.34 | |
| S1 | 10.33 | -0.0484% |
| S2 | 10.30 | -0.339% |
| S3 | 10.26 | -0.726% |
FAQ
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