Power Assets Holdings 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
Green day on Wednesday for Power Assets Holdings Ltd stock after gaining 0.352%
(Updated on May 01, 2024)
The Power Assets Holdings Ltd stock price gained 0.352% on the last trading day (Wednesday, 1st May 2024), rising from $5.68 to $5.70. During the last trading day the stock fluctuated 1.91% from a day low at $5.66 to a day high of $5.77. The price has risen in 6 of the last 10 days and is up by 1.52% 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, 1 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $27.15 thousand.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $5.77 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.53% during the next 3 months and, with a 90% probability hold a price between $5.02 and $5.45 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HGKGY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Power Assets Holdings Ltd 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. The Power Assets Holdings Ltd 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 $5.70 and $5.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.81%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Power Assets Holdings Ltd stock
Power Assets Holdings Ltd finds support from accumulated volume at $5.68 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 $0.108 between high and low, or 1.91%. For the last week, the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HGKGY) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Power Assets Holdings Ltd to open at $5.71, and during the day (based on 14 day Average True Range), to move between $5.53 and $5.86, which gives a possible trading interval of +/-$0.168 (+/-2.95%) up or down from last closing price. If Power Assets Holdings Ltd takes out the full calculated possible swing range there will be an estimated 5.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.68 (0.35%) than the resistance at $5.77 (1.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Power Assets Holdings Ltd stock A Buy?
Power Assets Holdings Ltd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.928 Sell Candidate Unchanged
Predicted Opening Price for Power Assets Holdings Ltd of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$5.71 ( 0.222%) | $5.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HGKGY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.82 | 2.12 % | |
R2 | 5.77 | 1.39 % | ||
R1 | 5.75 | 0.95 % | ||
Current price: | 5.70 | |||
Support | S1 | 5.67 | -0.502 % | |
S2 | 5.64 | -0.95 % | ||
S3 | 5.60 | -1.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.09 | 6.94 % | |
R2 | 5.87 | 3.07 % | ||
R1 | 5.77 | 1.25 % | ||
Current price | 5.70 | |||
Support | S1 | 5.68 | -0.351% | |
S2 | 5.57 | -2.19% | ||
S3 | 5.51 | -3.25% |
HGKGY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | May 28, 2024 | Jun 18, 2024 | $0.241 | 4.22% |
2 | May 24, 2024 | May 24, 2024 | Jun 18, 2024 | $0.241 | 4.22% |
3 | Aug 03, 2023 | Aug 31, 2023 | Sep 19, 2023 | $0.0800 | 1.65% |
4 | May 22, 2023 | May 22, 2023 | Sep 19, 2023 | $0.260 | 5.36% |
5 | Aug 31, 2022 | Sep 01, 2022 | Sep 21, 2022 | $0.0990 | 1.81% |
FAQ
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