JiaoZuo WanFang Alum. Manufac. 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
JiaoZuo WanFang Alum. Manufac. Co.,Ltd. stock price down 3.73% on Tuesday
(Updated on Apr 30, 2024)
The JiaoZuo WanFang Alum. Manufac. Co.,Ltd. stock price fell by -3.73% on the last day (Tuesday, 30th Apr 2024) from ¥7.78 to ¥7.49. During the last trading day the stock fluctuated 7.06% from a day low at ¥7.37 to a day high of ¥7.89. The price has been going up and down for this period, and there has been a -3.85% loss for the last 2 weeks. Volume has increased on the last day by 26 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, 104 million shares were bought and sold for approximately ¥776.76 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 77.39% during the next 3 months and, with a 90% probability hold a price between ¥12.17 and ¥16.31 at the end of this 3-month period.
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000612.SZ Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -12.60%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The JiaoZuo WanFang Alum. Manufac. Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥7.62. On a fall, the stock will find some support from the long-term average at approximately ¥6.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for JiaoZuo WanFang Alum. Manufac. Co.,Ltd. stock
JiaoZuo WanFang Alum. Manufac. Co.,Ltd. finds support from accumulated volume at ¥7.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ¥0.520 between high and low, or 7.06%. For the last week, the stock has had daily average volatility of 9.66%.
Our recommended stop-loss: ¥7.12 (-4.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (000612.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect JiaoZuo WanFang Alum. Manufac. Co.,Ltd. to open at ¥7.58, and during the day (based on 14 day Average True Range), to move between ¥6.75 and ¥8.23, which gives a possible trading interval of +/-¥0.740 (+/-9.88%) up or down from last closing price. If JiaoZuo WanFang Alum. Manufac. Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 19.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.38 (1.47%) than the resistance at ¥7.65 (2.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is JiaoZuo WanFang Alum. Manufac. Co.,Ltd. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 3.077 Buy Candidate Unchanged
Predicted Opening Price for JiaoZuo WanFang Alum. Manufac. Co.,Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥7.58 ( 1.25%) | ¥7.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000612.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.10 | 8.19 % | |
| R2 | 7.90 | 5.54 % | ||
| R1 | 7.78 | 3.90 % | ||
| Current price: | 7.49 | |||
| Support | S1 | 7.38 | -1.41 % | |
| S2 | 7.26 | -3.04 % | ||
| S3 | 7.06 | -5.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.20 | 9.48 % | |
| R2 | 8.00 | 6.81 % | ||
| R1 | 7.65 | 2.14 % | ||
| Current price | 7.49 | |||
| Support | S1 | 7.38 | -1.47% | |
| S2 | 7.18 | -4.14% | ||
| S3 | 6.96 | -7.08% |
000612 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2023 | Jun 27, 2023 | Jun 27, 2023 | ¥0.0700 | 1.47% |
| 2 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | ¥0.0900 | 1.41% |
| 3 | Apr 21, 2021 | Apr 21, 2021 | Apr 21, 2021 | ¥0.0500 | 0.609% |
| 4 | May 27, 2020 | May 27, 2020 | May 27, 2020 | ¥0.0100 | 0.190% |
| 5 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | ¥0.0500 | 0.89% |
FAQ
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