QAF 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
QAF Limited stock upgraded to Hold/Accumulate.
(Updated on May 24, 2024)
The QAF Limited stock price gained 0.621% on the last trading day (Friday, 24th May 2024), rising from S$0.81 to S$0.81. During the last trading day the stock fluctuated 0% from a day low at S$0.81 to a day high of S$0.81. The price has been going up and down for this period, and there has been a 0.62% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 48 thousand shares were bought and sold for approximately S$38.80 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.81% during the next 3 months and, with a 90% probability hold a price between S$0.769 and S$0.81 at the end of this 3-month period.
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Q01.SI Signals & Forecast
There are mixed signals in the stock today. The QAF 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 S$0.81 and S$0.83. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 0.621%. 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). QAF Limited 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.
Support, Risk & Stop-loss for QAF Limited stock
QAF Limited finds support from accumulated volume at S$0.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved S$0 (0%) between high and low. For the last week, the stock has had daily average volatility of 0.620%.
Our recommended stop-loss: S$0.761 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (Q01.SI) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect QAF Limited to open at S$0.81, and during the day (based on 14 day Average True Range), to move between S$0.80 and S$0.82, which gives a possible trading interval of +/-S$0.0069 (+/-0.85%) up or down from last closing price. If QAF Limited takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$0.82 (0.62%) than the support at S$0.81 (0.62%), 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 QAF Limited stock A Buy?
QAF Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.117 Hold/Accumulate Upgraded
Predicted Opening Price for QAF Limited of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| S$0.81 ( 0%) | S$0.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for Q01.SI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.81 | . | |
| R2 | 0.81 | . | ||
| R1 | 0.81 | . | ||
| Current price: | 0.81 | |||
| Support | S1 | 0.81 | . | |
| S2 | 0.81 | . | ||
| S3 | 0.81 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.85 | 4.94 % | |
| R2 | 0.85 | 4.32 % | ||
| R1 | 0.82 | 0.617 % | ||
| Current price | 0.81 | |||
| Support | S1 | 0.81 | -0.617% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
Q01 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 23, 2024 | S$0.0400 | 4.97% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | S$0.0100 | 1.25% |
| 3 | May 04, 2023 | May 04, 2023 | May 04, 2023 | S$0.0400 | 4.88% |
| 4 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | S$0.0100 | 1.18% |
| 5 | May 05, 2022 | May 05, 2022 | May 05, 2022 | S$0.0400 | 4.68% |
FAQ
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