Sands China 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
Sands China Ltd. stock price down 0.0770% on Monday
(Updated on May 06, 2024)
The Sands China Ltd. stock price fell by -0.0770% on the last day (Monday, 6th May 2024) from $25.97 to $25.95. During the last trading day the stock fluctuated 0.290% from a day low at $25.90 to a day high of $25.98. The price has risen in 6 of the last 10 days and is up by 10.99% over the past 2 weeks. Volume has increased on the last day by 18 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 36 thousand shares were bought and sold for approximately $940.77 thousand.
The stock lies in the middle of a wide and 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 -16.15% during the next 3 months and, with a 90% probability hold a price between $18.50 and $23.02 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SCHYY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.73%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sands China Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $26.44. On a fall, the stock will find some support from the short-term average at $24.61. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Sands China Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Sands China Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $24.34 and $24.33. 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, Sands China Ltd. finds support just below today's level at $24.34. If this is broken, then the next support from accumulated volume will be at $24.33 and $23.38.
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 $0.0750 between high and low, or 0.290%. For the last week, the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: $25.20 (-2.90%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (SCHYY) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Sands China Ltd. to open at $25.94, and during the day (based on 14 day Average True Range), to move between $25.23 and $26.67, which gives a possible trading interval of +/-$0.717 (+/-2.76%) up or down from last closing price. If Sands China Ltd. takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.34 (6.22%) than the resistance at $28.61 (10.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sands China Ltd. stock A Buy?
Sands China 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: 0.505 Hold/Accumulate Unchanged
Predicted Opening Price for Sands China Ltd. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$25.94 ( 0.0321%) | $25.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHYY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.02 | 0.257 % | |
R2 | 25.99 | 0.146 % | ||
R1 | 25.97 | 0.0783 % | ||
Current price: | 25.95 | |||
Support | S1 | 25.91 | -0.143 % | |
S2 | 25.90 | -0.211 % | ||
S3 | 25.87 | -0.321 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.02 | 15.69 % | |
R2 | 28.99 | 11.71 % | ||
R1 | 28.61 | 10.25 % | ||
Current price | 25.95 | |||
Support | S1 | 24.34 | -6.22% | |
S2 | 24.33 | -6.24% | ||
S3 | 23.38 | -9.90% |
SCHYY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 17, 2020 | Jan 31, 2020 | Mar 06, 2020 | $1.27 | 2.89% |
2 | Apr 17, 2019 | May 29, 2019 | Jul 08, 2019 | $1.28 | 2.60% |
3 | Jan 22, 2019 | Feb 01, 2019 | Mar 11, 2019 | $1.26 | 2.73% |
4 | May 30, 2018 | May 30, 2018 | May 30, 2018 | $1.28 | 2.34% |
5 | Jan 31, 2018 | Jan 31, 2018 | Jan 31, 2018 | $1.27 | 2.43% |
FAQ
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