Shenzhen Noposion Agrochemicals 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
Red day on Friday for Shenzhen Noposion Agrochemicals Co., Ltd
(Updated on May 31, 2024)
The Shenzhen Noposion Agrochemicals Co., Ltd stock price fell by -1.21% on the last day (Friday, 31st May 2024) from ¥8.27 to ¥8.17. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.59% from a day low at ¥8.12 to a day high of ¥8.33. The price has fallen in 7 of the last 10 days and is down by -4.78% for this period. Volume has increased on the last day by 10 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, 19 million shares were bought and sold for approximately ¥158.94 million.
The stock lies in the middle of a very 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 -4.95% during the next 3 months and, with a 90% probability hold a price between ¥6.68 and ¥8.94 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.
002215.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Shenzhen Noposion Agrochemicals 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 ¥8.31 and ¥8.28. 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 -10.81%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Shenzhen Noposion Agrochemicals Co., Ltd stock
Shenzhen Noposion Agrochemicals Co., Ltd finds support from accumulated volume at ¥7.86 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 ¥0.210 between high and low, or 2.59%. For the last week, the stock has had daily average volatility of 2.85%.
Shenzhen Noposion Agrochemicals Co., Ltd is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002215.SZ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Shenzhen Noposion Agrochemicals Co., Ltd to open at ¥8.21, and during the day (based on 14 day Average True Range), to move between ¥7.82 and ¥8.52, which gives a possible trading interval of +/-¥0.355 (+/-4.34%) up or down from last closing price. If Shenzhen Noposion Agrochemicals Co., Ltd takes out the full calculated possible swing range there will be an estimated 8.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥8.35 (2.20%) than the support at ¥7.86 (3.79%), 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 Shenzhen Noposion Agrochemicals Co., Ltd stock A Buy?
Shenzhen Noposion Agrochemicals Co., Ltd holds several negative signals and is within a very 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.
Current score: -2.930 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen Noposion Agrochemicals Co., Ltd of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ¥8.21 ( 0.449%) | ¥8.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002215.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.42 | 3.02 % | |
| R2 | 8.34 | 2.04 % | ||
| R1 | 8.29 | 1.43 % | ||
| Current price: | 8.17 | |||
| Support | S1 | 8.13 | -0.533 % | |
| S2 | 8.08 | -1.14 % | ||
| S3 | 8.00 | -2.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.13 | 11.75 % | |
| R2 | 8.58 | 5.02 % | ||
| R1 | 8.35 | 2.20 % | ||
| Current price | 8.17 | |||
| Support | S1 | 7.86 | -3.79% | |
| S2 | 7.85 | -3.92% | ||
| S3 | 7.27 | -11.02% |
002215 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | ¥0.150 | 1.96% |
| 2 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.200 | 3.36% |
| 3 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | ¥0.100 | 1.71% |
| 4 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.150 | 2.40% |
| 5 | Jun 06, 2018 | Jun 06, 2018 | Jun 06, 2018 | ¥0.150 | 2.03% |
FAQ
Click here for our free guide on how to buy Shenzhen Noposion Agrochemicals Co., Ltd Stock.
