Qingdao Kingking Applied Chemistry Co 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
Qingdao Kingking Applied Chemistry Co stock upgraded to Buy Candidate.
(Updated on May 06, 2024)
The Qingdao Kingking Applied Chemistry Co stock price gained 2.29% on the last trading day (Monday, 6th May 2024), rising from ¥2.62 to ¥2.68. During the last trading day the stock fluctuated 2.66% from a day low at ¥2.63 to a day high of ¥2.70. The price has risen in 6 of the last 10 days and is up by 8.94% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 15 million shares were bought and sold for approximately ¥40.76 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 3.08% during the next 3 months and, with a 90% probability hold a price between ¥2.41 and ¥3.17 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002094.SZ Signals & Forecast
There are mixed signals in the stock today. The Qingdao Kingking Applied Chemistry Co 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 ¥2.76. On a fall, the stock will find some support from the short-term average at ¥2.56. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 15.52%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Qingdao Kingking Applied Chemistry Co stock
Qingdao Kingking Applied Chemistry Co finds support from accumulated volume at ¥2.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ¥0.0700 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 5.05%.
Our recommended stop-loss: ¥2.58 (-3.64%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (002094.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Qingdao Kingking Applied Chemistry Co to open at ¥2.67, and during the day (based on 14 day Average True Range), to move between ¥2.48 and ¥2.88, which gives a possible trading interval of +/-¥0.196 (+/-7.31%) up or down from last closing price. If Qingdao Kingking Applied Chemistry Co takes out the full calculated possible swing range there will be an estimated 14.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.64 (1.49%) than the resistance at ¥2.83 (5.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Qingdao Kingking Applied Chemistry Co will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Qingdao Kingking Applied Chemistry Co, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.38% in the first trading day after earnings release.
Is Qingdao Kingking Applied Chemistry Co stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Qingdao Kingking Applied Chemistry Co stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.785 Buy Candidate Upgraded
Predicted Opening Price for Qingdao Kingking Applied Chemistry Co of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
¥2.67 ( 0.373%) | ¥2.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002094.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.74 | 2.24 % | |
R2 | 2.71 | 1.24 % | ||
R1 | 2.70 | 0.625 % | ||
Current price: | 2.68 | |||
Support | S1 | 2.64 | -1.37 % | |
S2 | 2.63 | -1.99 % | ||
S3 | 2.60 | -2.99 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.94 | 9.70 % | |
R2 | 2.88 | 7.46 % | ||
R1 | 2.83 | 5.60 % | ||
Current price | 2.68 | |||
Support | S1 | 2.64 | -1.49% | |
S2 | 2.46 | -8.21% | ||
S3 | 2.09 | -22.01% |
002094 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2018 | May 31, 2018 | May 31, 2018 | ¥0.0706 | 0.530% |
2 | Nov 07, 2017 | Nov 07, 2017 | Nov 07, 2017 | ¥0.0294 | 0.225% |
3 | Jun 11, 2014 | Jun 11, 2014 | Jun 11, 2014 | ¥0.0353 | 0.591% |
4 | Oct 08, 2010 | Oct 08, 2010 | Oct 08, 2010 | ¥0.0078 | 0.111% |
5 | Jul 03, 2009 | Jul 03, 2009 | Jul 03, 2009 | ¥0.0706 | 2.27% |
FAQ
Click here for our free guide on how to buy Qingdao Kingking Applied Chemistry Co Stock.