Shenzhen Worldunion Group Inc 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
Shenzhen Worldunion Group Inc stock price took a fall of -9.21% on Friday
(Updated on May 24, 2024)
The Shenzhen Worldunion Group Inc stock price fell by -9.21% on the last day (Friday, 24th May 2024) from ¥2.39 to ¥2.17. During the last trading day the stock fluctuated 9.26% from a day low at ¥2.16 to a day high of ¥2.36. The price has risen in 6 of the last 10 days and is up by 13.61% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -31 million shares and in total, 111 million shares were bought and sold for approximately ¥240.00 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Shenzhen Worldunion Group Inc stock with a 90% probability to be traded between ¥1.62 and ¥2.53 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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002285.SZ Signals & Forecast
The Shenzhen Worldunion Group Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥2.33. On a fall, the stock will find some support from the long-term average at approximately ¥1.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, May 22, 2024, and so far it has fallen -13.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Shenzhen Worldunion Group Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥2.05 and ¥1.91. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Shenzhen Worldunion Group Inc finds support just below today's level at ¥2.05. If this is broken, then the next support from accumulated volume will be at ¥1.91 and ¥1.85.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.200 between high and low, or 9.26%. For the last week, the stock has had daily average volatility of 10.65%.
Our recommended stop-loss: ¥2.06 (-5.10%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (002285.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Shenzhen Worldunion Group Inc to open at ¥2.23, and during the day (based on 14 day Average True Range), to move between ¥1.97 and ¥2.37, which gives a possible trading interval of +/-¥0.204 (+/-9.38%) up or down from last closing price. If Shenzhen Worldunion Group Inc takes out the full calculated possible swing range there will be an estimated 18.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.05 (5.53%) than the resistance at ¥2.34 (7.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shenzhen Worldunion Group Inc stock A Buy?
Shenzhen Worldunion Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.178 Hold/Accumulate Downgraded
Predicted Opening Price for Shenzhen Worldunion Group Inc of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ¥2.23 ( 2.76%) | ¥2.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002285.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.43 | 11.98 % | |
| R2 | 2.35 | 8.46 % | ||
| R1 | 2.31 | 6.29 % | ||
| Current price: | 2.17 | |||
| Support | S1 | 2.15 | -0.756 % | |
| S2 | 2.11 | -2.93 % | ||
| S3 | 2.03 | -6.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.50 | 15.21 % | |
| R2 | 2.45 | 12.90 % | ||
| R1 | 2.34 | 7.83 % | ||
| Current price | 2.17 | |||
| Support | S1 | 2.05 | -5.53% | |
| S2 | 1.91 | -11.98% | ||
| S3 | 1.85 | -14.75% |
002285 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | ¥0.0550 | 0.81% |
| 2 | May 19, 2020 | May 19, 2020 | May 19, 2020 | ¥0.0045 | 0.166% |
| 3 | May 24, 2019 | May 24, 2019 | May 24, 2019 | ¥0.0210 | 0.444% |
| 4 | May 14, 2018 | May 14, 2018 | May 14, 2018 | ¥0.0800 | 0.99% |
| 5 | Apr 14, 2016 | Apr 14, 2016 | Apr 14, 2016 | ¥0.0286 | 0.303% |
FAQ
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