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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 000513.SZ
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Livzon Pharmaceutical Group Inc. stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)

Sell candidate since Jun 28, 2024 PDF

The Livzon Pharmaceutical Group Inc. stock price fell by -0.800% on the last day (Friday, 28th Jun 2024) from ¥37.51 to ¥37.21. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.25% from a day low at ¥36.90 to a day high of ¥38.10. The price has fallen in 6 of the last 10 days and is down by -4.66% for this period. Volume has increased on the last day by 684 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, 4 million shares were bought and sold for approximately ¥137.14 million.

Given the current short-term trend, the stock is expected to rise 3.63% during the next 3 months and, with a 90% probability hold a price between ¥38.56 and ¥43.15 at the end of this 3-month period.

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000513.SZ Signals & Forecast

There are few to no technical positive signals at the moment. The Livzon Pharmaceutical Group Inc. 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 ¥37.87 and ¥39.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -8.89%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Livzon Pharmaceutical Group Inc. stock

Livzon Pharmaceutical Group Inc. finds support from accumulated volume at ¥36.95 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 ¥1.20 (3.25%) between high and low. For the last week, the stock has had daily average volatility of 2.39%.

Livzon Pharmaceutical Group Inc. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (000513.SZ) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Livzon Pharmaceutical Group Inc. to open at ¥37.40, and during the day (based on 14 day Average True Range), to move between ¥36.10 and ¥38.32, which gives a possible trading interval of +/-¥1.11 (+/-2.99%) up or down from last closing price. If Livzon Pharmaceutical Group Inc. takes out the full calculated possible swing range there will be an estimated 5.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥36.95 (0.70%) than the resistance at ¥38.21 (2.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Livzon Pharmaceutical Group Inc. stock A Buy?

The Livzon Pharmaceutical Group Inc. stock holds several negative signals and despite the positive trend, we believe Livzon Pharmaceutical Group Inc. 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: -2.129 Sell Candidate Downgraded

Predicted Opening Price for Livzon Pharmaceutical Group Inc. of Monday, July 1, 2024

Fair opening price July 1, 2024 Current price
¥37.40 ( 0.520%) ¥37.21

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 000513.SZ

Fibonacci Support & Resistance Levels

Level Price
R3 38.60 3.74%
R2 38.14 2.51%
R1 37.86 1.75%
Price 37.21
S1 36.94 -0.712%
S2 36.66 -1.47%
S3 36.20 -2.71%

Accumulated Volume Support & Resistance Levels

Level Price
R3 39.50 6.15%
R2 39.41 5.91%
R1 38.21 2.69%
Price 37.21
S1 36.95 -0.699%
S2 36.88 -0.89%
S3 36.50 -1.91%

000513 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 04, 2023 Jul 04, 2023 Jul 04, 2023 ¥1.60 4.29%
2 May 31, 2022 May 31, 2022 May 31, 2022 ¥1.30 3.93%
3 Jun 01, 2021 Jun 01, 2021 Jun 01, 2021 ¥1.25 2.61%
4 Jun 04, 2020 Jun 04, 2020 Jun 04, 2020 ¥1.15 2.91%
5 Jul 03, 2019 Jul 03, 2019 Jul 03, 2019 ¥0.92 3.66%

FAQ

What is the symbol for Livzon Pharmaceutical Group Inc. Stock and on which exchange is it traded?
The symbol for Livzon Pharmaceutical Group Inc. is 000513.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Livzon Pharmaceutical Group Inc. Stock?
The Livzon Pharmaceutical Group Inc. stock holds several negative signals and despite the positive trend, we believe Livzon Pharmaceutical Group Inc. 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.

How to buy Livzon Pharmaceutical Group Inc. Stock?
Livzon Pharmaceutical Group Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Livzon Pharmaceutical Group Inc. Stock.

What's the current price of Livzon Pharmaceutical Group Inc. Stock?
As of the end of day on the Jun 28, 2024, the price of an Livzon Pharmaceutical Group Inc. (000513.SZ) share was ¥37.21.

What is the 52-week high and low for Livzon Pharmaceutical Group Inc. Stock?
The 52-week high for Livzon Pharmaceutical Group Inc. Stock is ¥41.47 and the 52-week low is ¥31.72.

What is the market capitalization of Livzon Pharmaceutical Group Inc. Stock?
As of the Jun 28, 2024, the market capitalization of Livzon Pharmaceutical Group Inc. is 30.84B.

When is the next earnings date for Livzon Pharmaceutical Group Inc.?
The upcoming earnings date for Livzon Pharmaceutical Group Inc. is Aug 21, 2024.
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About Livzon Pharmaceutical Group Inc.

Livzon Pharmaceutical Group. Livzon Pharmaceutical Group Inc. engages in the research, development, production, and sale of pharmaceutical products, and active pharmaceutical ingredients and intermediates in the People's Republic of China. The company offers Ilaprazole enteric coated tablets for the treatment of duodenal ulcers and reflux esophagitis; Laprazole sodium for injection to treat peptic ulcer hemorrhage; Leuprorelin Acetate Microspheres for injection; Urofollitrop... 000513.SZ Profile

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