Xinjiang Hejin Holding 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
On Monday, Xinjiang Hejin Holding Co Ltd stock price gained an impressive 5.67%
(Updated on May 06, 2024)
The Xinjiang Hejin Holding Co Ltd stock price gained 5.67% on the last trading day (Monday, 6th May 2024), rising from ¥5.29 to ¥5.59. During the last trading day the stock fluctuated 7.32% from a day low at ¥5.33 to a day high of ¥5.72. The price has risen in 6 of the last 10 days and is up by 11.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately ¥51.42 million.
The stock lies in the middle of a very wide and weak 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 6.97% during the next 3 months and, with a 90% probability hold a price between ¥5.03 and ¥6.83 at the end of this 3-month period.
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000633.SZ Signals & Forecast
There are mixed signals in the stock today. The Xinjiang Hejin Holding 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 ¥5.61. On a fall, the stock will find some support from the short-term average at ¥5.21. 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. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -10.42%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Xinjiang Hejin Holding Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥5.08 and ¥5.00. 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, Xinjiang Hejin Holding Co Ltd finds support just below today's level at ¥5.08. If this is broken, then the next support from accumulated volume will be at ¥5.00 and ¥4.54.
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 ¥0.390 between high and low, or 7.32%. For the last week, the stock has had daily average volatility of 6.01%.
Our recommended stop-loss: ¥5.34 (-4.39%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (000633.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Xinjiang Hejin Holding Co Ltd to open at ¥5.55, and during the day (based on 14 day Average True Range), to move between ¥5.15 and ¥6.03, which gives a possible trading interval of +/-¥0.436 (+/-7.81%) up or down from last closing price. If Xinjiang Hejin Holding Co Ltd takes out the full calculated possible swing range there will be an estimated 15.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥5.65 (1.07%) than the support at ¥5.08 (9.12%), 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.
Earnings coming up
Xinjiang Hejin Holding Co Ltd will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Xinjiang Hejin Holding Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.78% in the first trading day after earnings release.
Is Xinjiang Hejin Holding Co Ltd stock A Buy?
Xinjiang Hejin Holding Co 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.666 Hold/Accumulate Upgraded
Predicted Opening Price for Xinjiang Hejin Holding Co Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥5.55 ( 0.775%) | ¥5.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000633.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.94 | 6.20 % | |
| R2 | 5.79 | 3.54 % | ||
| R1 | 5.70 | 1.89 % | ||
| Current price: | 5.59 | |||
| Support | S1 | 5.40 | -3.44 % | |
| S2 | 5.31 | -5.09 % | ||
| S3 | 5.16 | -7.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.24 | 11.63 % | |
| R2 | 6.06 | 8.41 % | ||
| R1 | 5.65 | 1.07 % | ||
| Current price | 5.59 | |||
| Support | S1 | 5.08 | -9.12% | |
| S2 | 5.00 | -10.55% | ||
| S3 | 4.54 | -18.78% |
000633 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 24, 2003 | Oct 24, 2003 | Oct 24, 2003 | ¥0.0344 | 0.125% |
FAQ
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