Hefei Fengle Seed 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
Evaluation of Hefei Fengle Seed Co.,Ltd stock downgraded after the last trading session.
(Updated on May 31, 2024)
No changes to the price of Hefei Fengle Seed Co.,Ltd stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0.81% from a day low at ¥6.14 to a day high of ¥6.19. The price has fallen in 5 of the last 10 days and is down by -3.75% for this period.
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 -15.17% during the next 3 months and, with a 90% probability hold a price between ¥4.55 and ¥5.48 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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000713.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.70%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hefei Fengle Seed Co.,Ltd 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 ¥6.23 and ¥6.37. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Hefei Fengle Seed Co.,Ltd stock
Hefei Fengle Seed Co.,Ltd finds support from accumulated volume at ¥6.12 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 ¥0.0500 (0.81%) between high and low. For the last week, the stock has had daily average volatility of 2.88%.
Hefei Fengle Seed Co.,Ltd 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 (000713.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Hefei Fengle Seed Co.,Ltd to open at ¥6.16, and during the day (based on 14 day Average True Range), to move between ¥5.95 and ¥6.37, which gives a possible trading interval of +/-¥0.213 (+/-3.45%) up or down from last closing price. If Hefei Fengle Seed Co.,Ltd takes out the full calculated possible swing range there will be an estimated 6.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.12 (0.65%) than the resistance at ¥6.68 (8.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hefei Fengle Seed Co.,Ltd stock A Buy?
Hefei Fengle Seed Co.,Ltd holds several negative signals and is within a wide and falling trend, so we believe 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: -1.690 Sell Candidate Downgraded
Predicted Opening Price for Hefei Fengle Seed Co.,Ltd of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥6.16 ( 0.0541%) | ¥6.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000713.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.21 | 0.87 % | |
| R2 | 6.19 | 0.556 % | ||
| R1 | 6.18 | 0.364 % | ||
| Current price: | 6.16 | |||
| Support | S1 | 6.14 | -0.256 % | |
| S2 | 6.13 | -0.448 % | ||
| S3 | 6.11 | -0.758 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.31 | 18.67 % | |
| R2 | 6.76 | 9.74 % | ||
| R1 | 6.68 | 8.44 % | ||
| Current price | 6.16 | |||
| Support | S1 | 6.12 | -0.649% | |
| S2 | 5.94 | -3.57% | ||
| S3 | 0 | . |
000713 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | ¥0.0200 | 0.225% |
| 2 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | ¥0.0200 | 0.211% |
| 3 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | ¥0.0140 | 0.158% |
| 4 | Jun 16, 2020 | Jun 16, 2020 | Jun 16, 2020 | ¥0.0143 | 0.205% |
| 5 | May 21, 2019 | May 21, 2019 | May 21, 2019 | ¥0.0110 | 0.124% |
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