Shenzhen Cau Technology Co., 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
Big movements in Shenzhen Cau Technology Co., Ltd. stock price on Thursday moving 12.97% between high and low
(Updated on Jun 20, 2024)
The Shenzhen Cau Technology Co., Ltd. stock price fell by -0.295% on the last day (Thursday, 20th Jun 2024) from ¥10.18 to ¥10.15. During the last trading day the stock fluctuated 12.97% from a day low at ¥9.33 to a day high of ¥10.54. The price has fallen in 5 of the last 10 days but is still up by 4.75% over the past 2 weeks. Volume has increased on the last day by 1 million 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, 11 million shares were bought and sold for approximately ¥110.24 million.
The stock lies in the middle of a very 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 -31.39% during the next 3 months and, with a 90% probability hold a price between ¥5.30 and ¥7.48 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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000004.SZ Signals & Forecast
There are mixed signals in the stock today. The Shenzhen Cau Technology Co., 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 ¥10.50. On a fall, the stock will find some support from the short-term average at ¥9.55. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 20.55%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Shenzhen Cau Technology Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥9.44 and ¥9.39. 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, Shenzhen Cau Technology Co., Ltd. finds support just below today's level at ¥9.44. If this is broken, then the next support from accumulated volume will be at ¥9.39 and ¥8.42.
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 ¥1.21 between high and low, or 12.97%. For the last week, the stock has had daily average volatility of 10.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000004.SZ) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Shenzhen Cau Technology Co., Ltd. to open at ¥10.01, and during the day (based on 14 day Average True Range), to move between ¥9.18 and ¥11.12, which gives a possible trading interval of +/-¥0.97 (+/-9.58%) up or down from last closing price. If Shenzhen Cau Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 19.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥10.21 (0.59%) than the support at ¥9.44 (7.00%), 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 Shenzhen Cau Technology Co., Ltd. stock A Buy?
Shenzhen Cau Technology Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -2.123 Sell Candidate Downgraded
Predicted Opening Price for Shenzhen Cau Technology Co., Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| ¥10.01 ( 1.41%) | ¥10.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000004.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.22 | 10.51% |
| R2 | 10.75 | 5.96% |
| R1 | 10.47 | 3.14% |
| Price | 10.15 | |
| S1 | 9.54 | -5.97% |
| S2 | 9.26 | -8.78% |
| S3 | 8.80 | -13.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.69 | 15.17% |
| R2 | 11.14 | 9.75% |
| R1 | 10.21 | 0.591% |
| Price | 10.15 | |
| S1 | 9.44 | -7.00% |
| S2 | 9.39 | -7.49% |
| S3 | 8.42 | -17.04% |
000004 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2003 | Jun 19, 2003 | Jun 19, 2003 | ¥0.0240 | 0.223% |
| 2 | Jun 24, 2002 | Jun 24, 2002 | Jun 24, 2002 | ¥0.0400 | 0.233% |
| 3 | Aug 30, 1995 | Aug 30, 1995 | Aug 30, 1995 | ¥0.0480 | 1.38% |
| 4 | May 17, 1994 | May 17, 1994 | May 17, 1994 | ¥0.0485 | 0.85% |
| 5 | May 24, 1993 | May 24, 1993 | May 24, 1993 | ¥0.0298 | 0.361% |
FAQ
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