Zhejiang Dun'an Artificial Env.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
Zhejiang Dun'an Artificial Env.Co., Ltd stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The Zhejiang Dun'an Artificial Env.Co., Ltd stock price fell by -1.85% on the last day (Friday, 17th May 2024) from ¥11.86 to ¥11.64. During the last trading day the stock fluctuated 5.77% from a day low at ¥11.44 to a day high of ¥12.10. The price has been going up and down for this period, and there has been a -3.16% loss for the last 2 weeks. Volume has increased on the last day by 9 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, 15 million shares were bought and sold for approximately ¥178.73 million.
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 -6.48% during the next 3 months and, with a 90% probability hold a price between ¥9.95 and ¥11.71 at the end of this 3-month period.
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002011.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 Zhejiang Dun'an Artificial Env.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 ¥11.87 and ¥11.82. 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 06, 2024, and so far it has fallen -6.28%. 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 Zhejiang Dun'an Artificial Env.Co., Ltd stock
Zhejiang Dun'an Artificial Env.Co., Ltd finds support from accumulated volume at ¥11.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.660 between high and low, or 5.77%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002011.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Zhejiang Dun'an Artificial Env.Co., Ltd to open at ¥11.73, and during the day (based on 14 day Average True Range), to move between ¥11.11 and ¥12.17, which gives a possible trading interval of +/-¥0.531 (+/-4.56%) up or down from last closing price. If Zhejiang Dun'an Artificial Env.Co., Ltd takes out the full calculated possible swing range there will be an estimated 9.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.62 (0.17%) than the resistance at ¥12.02 (3.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zhejiang Dun'an Artificial Env.Co., Ltd stock A Buy?
Zhejiang Dun'an Artificial Env.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: -2.637 Sell Candidate Downgraded
Predicted Opening Price for Zhejiang Dun'an Artificial Env.Co., Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥11.73 ( 0.745%) | ¥11.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002011.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.39 | 6.41 % | |
| R2 | 12.13 | 4.25 % | ||
| R1 | 11.98 | 2.91 % | ||
| Current price: | 11.64 | |||
| Support | S1 | 11.47 | -1.42 % | |
| S2 | 11.32 | -2.76 % | ||
| S3 | 11.07 | -4.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.67 | 8.85 % | |
| R2 | 12.45 | 6.96 % | ||
| R1 | 12.02 | 3.26 % | ||
| Current price | 11.64 | |||
| Support | S1 | 11.62 | -0.172% | |
| S2 | 11.38 | -2.23% | ||
| S3 | 11.04 | -5.15% |
002011 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2017 | Jun 12, 2017 | Jun 12, 2017 | ¥0.100 | 0.82% |
| 2 | Jun 06, 2014 | Jun 06, 2014 | Jun 06, 2014 | ¥0.100 | 1.29% |
| 3 | Jun 05, 2012 | Jun 05, 2012 | Jun 05, 2012 | ¥0.200 | 1.92% |
| 4 | May 19, 2011 | May 19, 2011 | May 19, 2011 | ¥0.150 | 1.04% |
| 5 | May 19, 2010 | May 19, 2010 | May 19, 2010 | ¥0.150 | 1.54% |
FAQ
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