Shanghai SK Petrlm & Chemcl Eqp Corp 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
Shanghai SK Petrlm & Chemcl Eqp Corp Ltd stock price down 0% on Tuesday
(Updated on May 07, 2024)
No changes to the price of Shanghai SK Petrlm & Chemcl Eqp Corp Ltd stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 5.24% from a day low at ¥4.39 to a day high of ¥4.62. The price has risen in 5 of the last 10 days and is up by 10.12% 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 12.91% during the next 3 months and, with a 90% probability hold a price between ¥4.58 and ¥5.87 at the end of this 3-month period.
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002278.SZ Signals & Forecast
There are mixed signals in the stock today. The Shanghai SK Petrlm & Chemcl Eqp Corp Ltd 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 ¥4.60. On a fall, the stock will find some support from the short-term average at ¥4.43. 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. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -9.15%. Further fall is indicated until a new bottom pivot has been found. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Shanghai SK Petrlm & Chemcl Eqp Corp Ltd stock
Shanghai SK Petrlm & Chemcl Eqp Corp Ltd finds support from accumulated volume at ¥4.50 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 ¥0.230 between high and low, or 5.24%. For the last week, the stock has had daily average volatility of 5.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002278.SZ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Shanghai SK Petrlm & Chemcl Eqp Corp Ltd to open at ¥4.53, and during the day (based on 14 day Average True Range), to move between ¥4.18 and ¥4.96, which gives a possible trading interval of +/-¥0.387 (+/-8.48%) up or down from last closing price. If Shanghai SK Petrlm & Chemcl Eqp Corp Ltd takes out the full calculated possible swing range there will be an estimated 16.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.50 (1.53%) than the resistance at ¥4.66 (1.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanghai SK Petrlm & Chemcl Eqp Corp Ltd stock A Buy?
Shanghai SK Petrlm & Chemcl Eqp Corp Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.538 Sell Candidate Unchanged
Predicted Opening Price for Shanghai SK Petrlm & Chemcl Eqp Corp Ltd of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ¥4.53 ( 0.95%) | ¥4.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002278.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.76 | 4.08 % | |
| R2 | 4.67 | 2.16 % | ||
| R1 | 4.61 | 0.97 % | ||
| Current price: | 4.57 | |||
| Support | S1 | 4.44 | -2.87 % | |
| S2 | 4.38 | -4.06 % | ||
| S3 | 4.30 | -5.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.03 | 10.07 % | |
| R2 | 4.69 | 2.63 % | ||
| R1 | 4.66 | 1.97 % | ||
| Current price | 4.57 | |||
| Support | S1 | 4.50 | -1.53% | |
| S2 | 4.37 | -4.38% | ||
| S3 | 4.30 | -5.91% |
002278 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 01, 2022 | Aug 01, 2022 | Aug 01, 2022 | ¥0.0500 | 0.93% |
| 2 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | ¥0.0500 | 0.85% |
| 3 | Jul 01, 2020 | Jul 01, 2020 | Jul 01, 2020 | ¥0.0500 | 0.91% |
| 4 | May 31, 2019 | May 31, 2019 | May 31, 2019 | ¥0.0500 | 0.703% |
| 5 | May 26, 2015 | May 26, 2015 | May 26, 2015 | ¥0.0870 | 0.483% |
FAQ
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