Platinum Asia Fund (quoted Managed Hedge Trust 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
Platinum Asia Fund (quoted Managed Hedge trust price up 0.225% on Friday
(Updated on Jun 28, 2024)
The Platinum Asia Fund (quoted Managed Hedge trust price gained 0.225% on the last trading day (Friday, 28th Jun 2024), rising from $4.45 to $4.46. During the last trading day the trust fluctuated 1.58% from a day low at $4.42 to a day high of $4.49. The price has fallen in 5 of the last 10 days and is down by -1.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 33 thousand shares were bought and sold for approximately $147.33 thousand.
The trust 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 $4.45 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 trust is expected to rise 4.41% during the next 3 months and, with a 90% probability hold a price between $4.65 and $5.03 at the end of this 3-month period.
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PAXX.AX Signals & Forecast
There are mixed signals in the trust today. The Platinum Asia Fund (quoted Managed Hedge trust 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 $4.48 and $4.55. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.225%. 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). Platinum Asia Fund (quoted Managed Hedge 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Platinum Asia Fund (quoted Managed Hedge trust
Platinum Asia Fund (quoted Managed Hedge finds support from accumulated volume at $4.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.0700 between high and low, or 1.58%. For the last week the trust has had daily average volatility of 0.88%.
Our recommended stop-loss: $4.19 (-6.15%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (PAXX.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Platinum Asia Fund (quoted Managed Hedge Fund) to open at $4.46, and during the day (based on 14 day Average True Range), to move between $4.41 and $4.51, which gives a possible trading interval of +/-$0.0474 (+/-1.06%) up or down from last closing price. If Platinum Asia Fund (quoted Managed Hedge Fund) takes out the full calculated possible swing range there will be an estimated 2.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.49 (0.67%) than the support at $4.40 (1.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Platinum Asia Fund (quoted Managed Hedge Fund) trust A Buy?
Platinum Asia Fund (quoted Managed Hedge 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: 0.738 Hold/Accumulate Unchanged
Predicted Opening Price for Platinum Asia Fund (quoted Managed Hedge Fund) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $4.46 ( 0.0747%) | $4.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAXX.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.53 | 1.49% |
| R2 | 4.50 | 0.90% |
| R1 | 4.48 | 0.525% |
| Price | 4.46 | |
| S1 | 4.43 | -0.674% |
| S2 | 4.41 | -1.04% |
| S3 | 4.39 | -1.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.53 | 1.57% |
| R2 | 4.50 | 0.90% |
| R1 | 4.49 | 0.673% |
| Price | 4.46 | |
| S1 | 4.40 | -1.35% |
| S2 | 4.35 | -2.47% |
| S3 | 4.34 | -2.69% |
FAQ
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