Beijing Orient Landscape & Environment 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
Volatile ride for Beijing Orient Landscape & Environment stock price on Friday moving between ¥1.42 and ¥1.58
(Updated on Jun 28, 2024)
The Beijing Orient Landscape & Environment stock price gained 4.20% on the last trading day (Friday, 28th Jun 2024), rising from ¥1.43 to ¥1.49. During the last trading day the stock fluctuated 11.27% from a day low at ¥1.42 to a day high of ¥1.58. The price has risen in 5 of the last 10 days and is up by 5.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 million more shares were traded than the day before. In total, 85 million shares were bought and sold for approximately ¥126.40 million.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ¥1.59 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.84% during the next 3 months and, with a 90% probability hold a price between ¥0.86 and ¥1.64 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.
002310.SZ Signals & Forecast
The Beijing Orient Landscape & Environment 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 ¥1.49 and ¥1.34. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, June 21, 2024, and so far it has fallen -6.29%. 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).
Support, Risk & Stop-loss for Beijing Orient Landscape & Environment stock
Beijing Orient Landscape & Environment finds support from accumulated volume at ¥1.46 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 ¥0.160 between high and low, or 11.27%. For the last week, the stock has had daily average volatility of 11.41%.
Our recommended stop-loss: ¥1.41 (-5.62%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (002310.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Beijing Orient Landscape & Environment Co., Ltd. to open at ¥1.50, and during the day (based on 14 day Average True Range), to move between ¥1.33 and ¥1.65, which gives a possible trading interval of +/-¥0.160 (+/-10.77%) up or down from last closing price. If Beijing Orient Landscape & Environment Co., Ltd. takes out the full calculated possible swing range there will be an estimated 21.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥1.46 (2.01%) than the resistance at ¥1.59 (6.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijing Orient Landscape & Environment 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 Beijing Orient Landscape & Environment 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: 2.706 Buy Candidate Upgraded
Predicted Opening Price for Beijing Orient Landscape & Environment Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥1.50 ( 0.447%) | ¥1.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002310.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.66 | 11.19% |
| R2 | 1.60 | 7.08% |
| R1 | 1.56 | 4.55% |
| Price | 1.49 | |
| S1 | 1.44 | -3.65% |
| S2 | 1.40 | -6.19% |
| S3 | 1.34 | -10.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.70 | 14.09% |
| R2 | 1.69 | 13.42% |
| R1 | 1.59 | 6.71% |
| Price | 1.49 | |
| S1 | 1.46 | -2.01% |
| S2 | 1.39 | -6.71% |
| S3 | 1.37 | -8.05% |
002310 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 19, 2019 | Aug 19, 2019 | Aug 19, 2019 | ¥0.0940 | 1.75% |
| 2 | Jul 13, 2018 | Jul 13, 2018 | Jul 13, 2018 | ¥0.0650 | 0.441% |
| 3 | Jul 18, 2017 | Jul 18, 2017 | Jul 18, 2017 | ¥0.0300 | 0.177% |
| 4 | Jul 18, 2016 | Jul 18, 2016 | Jul 18, 2016 | ¥0.0240 | 0.0953% |
| 5 | Jun 25, 2015 | Jun 25, 2015 | Jun 25, 2015 | ¥0.0260 | 0.174% |
FAQ
Click here for our free guide on how to buy Beijing Orient Landscape & Environment Co., Ltd. Stock.
