Huazhu Group 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
Weaker technical forecast for Huazhu Group Limited as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The Huazhu Group Limited stock price gained 1.48% on the last trading day (Thursday, 25th Apr 2024), rising from $39.16 to $39.74. It has now gained 4 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 2.72% from a day low at $38.81 to a day high of $39.87. The price has been going up and down for this period, and there has been a 0.89% gain for the last 2 weeks. Volume fell on the last day by -64 thousand shares and in total, 565 thousand shares were bought and sold for approximately $22.45 million. 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 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 21.58% during the next 3 months and, with a 90% probability hold a price between $45.45 and $52.31 at the end of this 3-month period.
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HTHT Signals & Forecast
The Huazhu Group Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $38.18 and $38.56. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, April 03, 2024, and so far it has fallen -3.19%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Huazhu Group Limited stock
Huazhu Group Limited finds support from accumulated volume at $39.39 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 $1.06 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HTHT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Huazhu Group Limited to open at $39.47, and during the day (based on 14 day Average True Range), to move between $38.53 and $40.95, which gives a possible trading interval of +/-$1.21 (+/-3.04%) up or down from last closing price. If Huazhu Group Limited takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.39 (0.88%) than the resistance at $40.26 (1.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Huazhu Group Limited stock A Buy?
The Huazhu Group Limited stock holds several negative signals and despite the positive trend, we believe Huazhu Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.080 Sell Candidate Downgraded
Predicted Opening Price for Huazhu Group Limited of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$39.47 ( 0.675%) | $39.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTHT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.53 | 1.98 % | |
R2 | 40.12 | 0.97 % | ||
R1 | 39.87 | 0.339 % | ||
Current price: | 39.74 | |||
Support | S1 | 39.07 | -1.69 % | |
S2 | 38.82 | -2.32 % | ||
S3 | 38.42 | -3.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.57 | 2.09 % | |
R2 | 40.32 | 1.46 % | ||
R1 | 40.26 | 1.31 % | ||
Current price | 39.74 | |||
Support | S1 | 39.39 | -0.88% | |
S2 | 39.09 | -1.64% | ||
S3 | 36.17 | -8.98% |
HTHT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 29, 2023 | Dec 20, 2023 | Jan 17, 2024 | $0.91 | 2.94% |
2 | Mar 03, 2022 | Mar 23, 2022 | Apr 21, 2022 | $0.210 | 0.721% |
3 | Dec 31, 2019 | Jan 09, 2020 | Feb 05, 2020 | $0.340 | 1.02% |
4 | Dec 13, 2018 | Dec 31, 2018 | Jan 15, 2019 | $0.340 | 1.05% |
5 | Oct 23, 2017 | Dec 01, 2017 | Dec 15, 2017 | $0.160 | 0.513% |
FAQ
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