Euro Tech Holdings Company 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
Stronger technical forecast for Euro Tech Holdings Company Limited stock price after Monday trading.
(Updated on Apr 15, 2024)
The Euro Tech Holdings Company Limited stock price gained 1.29% on the last trading day (Monday, 15th Apr 2024), rising from $1.55 to $1.57. During the last trading day the stock fluctuated 4.67% from a day low at $1.50 to a day high of $1.57. The price has risen in 6 of the last 10 days and is up by 11.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $13.45 thousand.
The stock lies in the middle of a very wide and weak 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 4.84% during the next 3 months and, with a 90% probability hold a price between $1.43 and $1.83 at the end of this 3-month period.
CLWT Signals & Forecast
The Euro Tech Holdings Company Limited 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 $1.59. On a fall, the stock will find some support from the long-term average at approximately $1.47. 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). Euro Tech Holdings Company Limited 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, April 11, 2024, and so far it has fallen -3.09%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Euro Tech Holdings Company Limited stock
Euro Tech Holdings Company Limited finds support from accumulated volume at $1.56 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0700 between high and low, or 4.67%. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: $1.50 (-4.69%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CLWT) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Euro Tech Holdings Company Limited to open at $1.55, and during the day (based on 14 day Average True Range), to move between $1.50 and $1.64, which gives a possible trading interval of +/-$0.0654 (+/-4.16%) up or down from last closing price. If Euro Tech Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 8.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.56 (0.64%) than the resistance at $1.60 (1.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Euro Tech Holdings Company 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 Euro Tech Holdings Company Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.038 Buy Candidate Upgraded
Predicted Opening Price for Euro Tech Holdings Company Limited of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $1.55 ( 1.49%) | $1.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLWT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.62 | 2.97 % | |
| R2 | 1.59 | 1.27 % | ||
| R1 | 1.57 | 0.217 % | ||
| Current price: | 1.57 | |||
| Support | S1 | 1.52 | -3.19 % | |
| S2 | 1.50 | -4.24 % | ||
| S3 | 1.48 | -5.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.69 | 7.64 % | |
| R2 | 1.65 | 5.10 % | ||
| R1 | 1.60 | 1.91 % | ||
| Current price | 1.57 | |||
| Support | S1 | 1.56 | -0.637% | |
| S2 | 1.55 | -1.27% | ||
| S3 | 1.52 | -3.18% |
CLWT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2022 | Jun 10, 2022 | Jun 23, 2022 | $0.0600 | 4.44% |
| 2 | Jun 18, 2021 | Jun 25, 2021 | Jul 06, 2021 | $0.200 | 5.68% |
| 3 | Mar 09, 2020 | Mar 19, 2020 | Mar 30, 2020 | $0.420 | 22.46% |
FAQ
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