Highway 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
Highway Holdings Limited stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Highway Holdings Limited stock price fell by -0.90% on the last day (Tuesday, 30th Apr 2024) from $2.12 to $2.10. During the last trading day the stock fluctuated 2.33% from a day low at $2.10 to a day high of $2.15. The price has been going up and down for this period, and there has been a -2.28% 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 -2 thousand shares and in total, 894 shares were bought and sold for approximately $1.88 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.09 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 5.34% during the next 3 months and, with a 90% probability hold a price between $2.20 and $2.39 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HIHO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.01%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Highway Holdings Limited 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 $2.11 and $2.11. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, March 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, January 19, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, March 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, January 19, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, March 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, January 19, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Highway Holdings Limited stock
Highway Holdings Limited finds support from accumulated volume at $2.10 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 controlled movements and therefore the general risk is considered 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 $0.0490 between high and low, or 2.33%. For the last week the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: $1.98 (-5.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (HIHO) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Highway Holdings Limited to open at $2.12, and during the day (based on 14 day Average True Range), to move between $2.04 and $2.16, which gives a possible trading interval of +/-$0.0613 (+/-2.92%) up or down from last closing price. If Highway Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.10 (0.05%) than the resistance at $2.11 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Highway Holdings Limited stock A Buy?
Highway Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.561 Hold/Accumulate Downgraded
Predicted Opening Price for Highway Holdings Limited of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$2.12 ( 0.777%) | $2.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HIHO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.17 | 3.11 % | |
R2 | 2.15 | 2.22 % | ||
R1 | 2.14 | 1.67 % | ||
Current price: | 2.10 | |||
Support | S1 | 2.10 | -0.114 % | |
S2 | 2.09 | -0.664 % | ||
S3 | 2.07 | -1.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.15 | 2.33 % | |
R2 | 2.12 | 0.90 % | ||
R1 | 2.11 | 0.428 % | ||
Current price | 2.10 | |||
Support | S1 | 2.10 | -0.0476% | |
S2 | 2.07 | -1.48% | ||
S3 | 2.04 | -2.90% |
HIHO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 02, 2024 | Apr 19, 2024 | May 03, 2024 | $0.0500 | 2.34% |
2 | Nov 16, 2023 | Nov 29, 2023 | Dec 23, 2023 | $0.0500 | 2.49% |
3 | May 22, 2023 | Jun 26, 2023 | Jul 12, 2023 | $0.100 | 4.22% |
4 | Aug 05, 2023 | Jun 23, 2023 | Jul 12, 2023 | $0.100 | 4.22% |
5 | Nov 15, 2022 | Dec 14, 2022 | Jan 05, 2023 | $0.0500 | 2.20% |
FAQ
Click here for our free guide on how to buy Highway Holdings Limited Stock.