Dalian Huarui Heavy Industry Grup 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 Dalian Huarui Heavy Industry Grup Co Ltd stock downgraded after the last trading session.
(Updated on May 07, 2024)
The Dalian Huarui Heavy Industry Grup Co Ltd stock price gained 0.412% on the last trading day (Tuesday, 7th May 2024), rising from ¥4.86 to ¥4.88. During the last trading day the stock fluctuated 2.71% from a day low at ¥4.79 to a day high of ¥4.92. The price has risen in 5 of the last 10 days and is up by 3.83% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 20 million shares were bought and sold for approximately ¥98.58 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 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 16.91% during the next 3 months and, with a 90% probability hold a price between ¥5.42 and ¥6.15 at the end of this 3-month period.
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002204.SZ Signals & Forecast
Mostly positive signals in the chart today. The Dalian Huarui Heavy Industry Grup Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥4.78 and ¥4.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 7.49%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Dalian Huarui Heavy Industry Grup Co Ltd stock
Dalian Huarui Heavy Industry Grup Co Ltd finds support from accumulated volume at ¥4.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.130 between high and low, or 2.71%. For the last week the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: ¥4.71 (-3.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (002204.SZ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Dalian Huarui Heavy Industry Grup Co Ltd to open at ¥4.86, and during the day (based on 14 day Average True Range), to move between ¥4.73 and ¥5.03, which gives a possible trading interval of +/-¥0.145 (+/-2.98%) up or down from last closing price. If Dalian Huarui Heavy Industry Grup Co Ltd takes out the full calculated possible swing range there will be an estimated 5.96% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥4.83, some ¥0.0500 (1.02%) from the current price of ¥4.88, our system finds the risk reward attractive.
Is Dalian Huarui Heavy Industry Grup Co Ltd 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 Dalian Huarui Heavy Industry Grup Co Ltd stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.612 Buy Candidate Downgraded
Predicted Opening Price for Dalian Huarui Heavy Industry Grup Co Ltd of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ¥4.86 ( 0.342%) | ¥4.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002204.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.99 | 2.32 % | |
| R2 | 4.94 | 1.30 % | ||
| R1 | 4.91 | 0.676 % | ||
| Current price: | 4.88 | |||
| Support | S1 | 4.81 | -1.36 % | |
| S2 | 4.78 | -1.99 % | ||
| S3 | 4.73 | -3.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4.88 | |||
| Support | S1 | 4.83 | -1.02% | |
| S2 | 4.75 | -2.66% | ||
| S3 | 4.71 | -3.48% |
002204 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | ¥0.0300 | 0.588% |
| 2 | Jul 19, 2022 | Jul 19, 2022 | Jul 19, 2022 | ¥0.0300 | 0.420% |
| 3 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | ¥0.0350 | 0.97% |
| 4 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | ¥0.0300 | 0.673% |
| 5 | Jul 26, 2019 | Jul 26, 2019 | Jul 26, 2019 | ¥0.0250 | 0.700% |
FAQ
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