Hong Kong Exchanges & Clearing 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 Friday for Hong Kong Exchanges & Clearing Ltd stock after gaining 0.550%
(Updated on May 03, 2024)
The Hong Kong Exchanges & Clearing Ltd stock price gained 0.550% on the last trading day (Friday, 3rd May 2024), rising from $34.53 to $34.72. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.90% from a day low at $34.41 to a day high of $34.72. The price has risen in 9 of the last 10 days and is up by 25.89% 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, 216 thousand more shares were traded than the day before. In total, 294 thousand shares were bought and sold for approximately $10.19 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $31.44, a level that may pose a second chance to hit a runner. According to fan-theory $35.68 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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HKXCY Signals & Forecast
The Hong Kong Exchanges & Clearing Ltd 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 $32.69 and $30.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 26.58%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hong Kong Exchanges & Clearing Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $30.93 and $30.53. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hong Kong Exchanges & Clearing Ltd finds support just below today's level at $30.93. If this is broken, then the next support from accumulated volume will be at $30.53 and $29.51.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.310 between high and low, or 0.90%. For the last week, the stock has had daily average volatility of 2.07%.
The Hong Kong Exchanges & Clearing Ltd stock is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $33.55 (-3.38%) (This stock has high daily movements and this gives high risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (HKXCY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Hong Kong Exchanges & Clearing Ltd to open at $34.62, and during the day (based on 14 day Average True Range), to move between $33.88 and $35.56, which gives a possible trading interval of +/-$0.84 (+/-2.42%) up or down from last closing price. If Hong Kong Exchanges & Clearing Ltd takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $30.93, some $3.79 (10.92%) from the current price of $34.72, our system finds the risk reward attractive.
Is Hong Kong Exchanges & Clearing Ltd stock A Buy?
Hong Kong Exchanges & Clearing Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hong Kong Exchanges & Clearing Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $34.62 ( 0.298%) | $34.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HKXCY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.93 | 0.595 % | |
| R2 | 34.81 | 0.254 % | ||
| R1 | 34.74 | 0.0435 % | ||
| Current price: | 34.72 | |||
| Support | S1 | 34.50 | -0.639 % | |
| S2 | 34.43 | -0.85 % | ||
| S3 | 34.31 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 34.72 | |||
| Support | S1 | 30.93 | -10.92% | |
| S2 | 30.53 | -12.07% | ||
| S3 | 29.51 | -15.01% |
HKXCY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 13, 2024 | Apr 11, 2024 | $0.450 | 1.51% |
| 2 | Aug 28, 2023 | Aug 28, 2023 | Sep 27, 2023 | $0.575 | 1.55% |
| 3 | May 28, 2023 | Mar 07, 2023 | Apr 06, 2023 | $0.470 | 1.05% |
| 4 | Aug 29, 2022 | Aug 29, 2022 | Aug 29, 2022 | $0.440 | 1.09% |
| 5 | Mar 08, 2022 | Mar 08, 2022 | Mar 08, 2022 | $0.535 | 1.24% |
FAQ
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