China Merchants Port Group 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 China Merchants Port Group Co., Ltd. stock downgraded after the last trading session.
(Updated on Jun 26, 2024)
The China Merchants Port Group Co., Ltd. stock price fell by -2.17% on the last day (Wednesday, 26th Jun 2024) from ¥19.35 to ¥18.93. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.00% from a day low at ¥18.76 to a day high of ¥19.51. The price has risen in 6 of the last 10 days and is up by 3.05% 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, 5 million shares were bought and sold for approximately ¥101.15 million.
The stock lies in the middle of a 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 5.85% during the next 3 months and, with a 90% probability hold a price between ¥19.57 and ¥20.90 at the end of this 3-month period.
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001872.SZ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The China Merchants Port Group Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥19.29 and ¥19.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -3.86%. Further fall is indicated until a new bottom pivot has been found. 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 China Merchants Port Group Co., Ltd. stock
China Merchants Port Group Co., Ltd. finds support from accumulated volume at ¥18.81 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 ¥0.750 (4.00%) between high and low. For the last week, the stock has had daily average volatility of 4.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (001872.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect China Merchants Port Group Co., Ltd. to open at ¥19.07, and during the day (based on 14 day Average True Range), to move between ¥18.27 and ¥19.59, which gives a possible trading interval of +/-¥0.664 (+/-3.51%) up or down from last closing price. If China Merchants Port Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥18.81 (0.63%) than the resistance at ¥19.10 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Merchants Port Group Co., Ltd. stock A Buy?
The China Merchants Port Group Co., Ltd. stock holds several negative signals and despite the positive trend, we believe China Merchants Port Group Co., Ltd. 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 Buy to a Sell candidate.
Current score: -4.050 Sell Candidate Downgraded
Predicted Opening Price for China Merchants Port Group Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥19.07 ( 0.722%) | ¥18.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001872.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.82 | 4.68% |
| R2 | 19.53 | 3.17% |
| R1 | 19.35 | 2.24% |
| Price | 18.93 | |
| S1 | 18.78 | -0.792% |
| S2 | 18.60 | -1.73% |
| S3 | 18.32 | -3.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.28 | 1.85% |
| R2 | 19.27 | 1.80% |
| R1 | 19.10 | 0.90% |
| Price | 18.93 | |
| S1 | 18.81 | -0.634% |
| S2 | 18.37 | -2.96% |
| S3 | 18.26 | -3.54% |
001872 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | ¥0.450 | 2.58% |
| 2 | May 17, 2022 | May 17, 2022 | May 17, 2022 | ¥0.430 | 2.82% |
| 3 | Jul 21, 2021 | Jul 21, 2021 | Jul 21, 2021 | ¥0.380 | 2.41% |
| 4 | Jul 15, 2020 | Jul 15, 2020 | Jul 15, 2020 | ¥0.460 | 2.87% |
| 5 | Jul 10, 2019 | Jul 10, 2019 | Jul 10, 2019 | ¥0.114 | 0.687% |
FAQ
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