Jiangxi Black Cat Carbon Black 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
Jiangxi Black Cat Carbon Black Co., Ltd. stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 30, 2024)
No changes to the price of Jiangxi Black Cat Carbon Black Co., Ltd. stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 6.07% from a day low at ¥8.90 to a day high of ¥9.44. The price has risen in 6 of the last 10 days and is up by 15.41% over the past 2 weeks.
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 15.42% during the next 3 months and, with a 90% probability hold a price between ¥9.00 and ¥12.37 at the end of this 3-month period.
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002068.SZ Signals & Forecast
The Jiangxi Black Cat Carbon Black Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥8.86 and ¥9.23. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -5.26%. 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 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 Jiangxi Black Cat Carbon Black Co., Ltd. stock
Jiangxi Black Cat Carbon Black Co., Ltd. finds support from accumulated volume at ¥9.17 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 ¥0.540 between high and low, or 6.07%. For the last week, the stock has had daily average volatility of 5.57%.
Our recommended stop-loss: ¥8.85 (-5.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (002068.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jiangxi Black Cat Carbon Black Co., Ltd. to open at ¥9.23, and during the day (based on 14 day Average True Range), to move between ¥8.80 and ¥9.92, which gives a possible trading interval of +/-¥0.561 (+/-5.99%) up or down from last closing price. If Jiangxi Black Cat Carbon Black Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥9.38 (0.21%) than the support at ¥9.17 (2.03%), 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.
Is Jiangxi Black Cat Carbon Black Co., Ltd. stock A Buy?
Jiangxi Black Cat Carbon Black Co., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: -0.670 Hold/Accumulate Downgraded
Predicted Opening Price for Jiangxi Black Cat Carbon Black Co., Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥9.23 ( 1.35%) | ¥9.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002068.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.77 | 4.42 % | |
| R2 | 9.57 | 2.21 % | ||
| R1 | 9.44 | 0.85 % | ||
| Current price: | 9.36 | |||
| Support | S1 | 9.03 | -3.56 % | |
| S2 | 8.90 | -4.92 % | ||
| S3 | 8.69 | -7.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.88 | 5.56 % | |
| R2 | 9.70 | 3.63 % | ||
| R1 | 9.38 | 0.214 % | ||
| Current price | 9.36 | |||
| Support | S1 | 9.17 | -2.03% | |
| S2 | 8.55 | -8.65% | ||
| S3 | 7.79 | -16.77% |
002068 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 01, 2021 | Nov 01, 2021 | Nov 01, 2021 | ¥0.149 | 2.40% |
| 2 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | ¥0.100 | 1.38% |
| 3 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | ¥0.300 | 6.09% |
| 4 | Jun 13, 2018 | Jun 13, 2018 | Jun 13, 2018 | ¥0.300 | 3.95% |
| 5 | Jun 01, 2017 | Jun 01, 2017 | Jun 01, 2017 | ¥0.0500 | 0.798% |
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