Globavend Holdings 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
Green day on Monday for Globavend Holdings Limited stock after gaining 0.645%
(Updated on May 20, 2024)
The Globavend Holdings Limited stock price gained 0.645% on the last trading day (Monday, 20th May 2024), rising from $1.55 to $1.56. During the last trading day the stock fluctuated 6.12% from a day low at $1.47 to a day high of $1.56. The price has risen in 7 of the last 10 days and is up by 20.93% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 9 thousand shares were bought and sold for approximately $13.67 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 30.08% during the next 3 months and, with a 90% probability hold a price between $1.54 and $2.47 at the end of this 3-month period.
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GVH Signals & Forecast
The Globavend Holdings 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 $1.51 and $1.33. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -8.77%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Globavend Holdings Limited stock
Globavend Holdings Limited finds support from accumulated volume at $1.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0900 between high and low, or 6.12%. For the last week the stock has had daily average volatility of 15.08%.
Our recommended stop-loss: $1.48 (-5.22%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (GVH) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Globavend Holdings Limited to open at $1.53, and during the day (based on 14 day Average True Range), to move between $1.35 and $1.77, which gives a possible trading interval of +/-$0.205 (+/-13.16%) up or down from last closing price. If Globavend Holdings Limited takes out the full calculated possible swing range there will be an estimated 26.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.55 (0.64%) than the resistance at $1.62 (3.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Globavend Holdings 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 Globavend Holdings Limited stock to perform well in the short-term.
Current score: 1.449 Buy Candidate Unchanged
Predicted Opening Price for Globavend Holdings Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $1.53 ( 1.92%) | $1.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GVH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.62 | 3.85 % | |
| R2 | 1.59 | 1.64 % | ||
| R1 | 1.56 | 0.281 % | ||
| Current price: | 1.56 | |||
| Support | S1 | 1.50 | -4.13 % | |
| S2 | 1.47 | -5.49 % | ||
| S3 | 1.44 | -7.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.71 | 9.62 % | |
| R2 | 1.64 | 5.00 % | ||
| R1 | 1.62 | 3.85 % | ||
| Current price | 1.56 | |||
| Support | S1 | 1.55 | -0.641% | |
| S2 | 1.48 | -5.13% | ||
| S3 | 1.31 | -16.03% |
FAQ
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