Shenzhen New Nanshan Holding Grp 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=392da75f31cfe3005b9b56ace80cf9d2efd2c6fa)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=392da75f31cfe3005b9b56ace80cf9d2efd2c6fa)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=392da75f31cfe3005b9b56ace80cf9d2efd2c6fa)
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
Green day on Friday for Shenzhen New Nanshan Holding Grp Co Ltd
(Updated on Jun 14, 2024)
The Shenzhen New Nanshan Holding Grp Co Ltd stock price gained 0.91% on the last trading day (Friday, 14th Jun 2024), rising from ¥2.20 to ¥2.22. During the last trading day the stock fluctuated 3.24% from a day low at ¥2.16 to a day high of ¥2.23. The price has fallen in 6 of the last 10 days and is down by -6.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately ¥38.35 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 -8.39% during the next 3 months and, with a 90% probability hold a price between ¥1.88 and ¥2.41 at the end of this 3-month period.
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002314.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.91%. Further rise is indicated until a new top pivot has been found. 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. The Shenzhen New Nanshan Holding Grp Co 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 ¥2.39. On a fall, the stock will find some support from the short-term average at ¥2.22. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Shenzhen New Nanshan Holding Grp Co Ltd stock
Shenzhen New Nanshan Holding Grp Co Ltd finds support from accumulated volume at ¥2.21 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 ¥0.0700 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 4.15%.
Shenzhen New Nanshan Holding Grp Co Ltd is oversold on RSI14 (22). 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 (002314.SZ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Shenzhen New Nanshan Holding Grp Co Ltd to open at ¥2.20, and during the day (based on 14 day Average True Range), to move between ¥2.09 and ¥2.35, which gives a possible trading interval of +/-¥0.128 (+/-5.78%) up or down from last closing price. If Shenzhen New Nanshan Holding Grp Co Ltd takes out the full calculated possible swing range there will be an estimated 11.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.21 (0.45%) than the resistance at ¥2.38 (7.21%), 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 New Nanshan Holding Grp Co Ltd stock A Buy?
Shenzhen New Nanshan Holding Grp Co 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: -2.105 Sell Candidate Unchanged
Predicted Opening Price for Shenzhen New Nanshan Holding Grp Co Ltd of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
¥2.20 ( 0.751%) | ¥2.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002314.SZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.27 | 2.40% |
R2 | 2.25 | 1.20% |
R1 | 2.23 | 0.454% |
Price | 2.22 | |
S1 | 2.18 | -1.96% |
S2 | 2.16 | -2.70% |
S3 | 2.13 | -3.90% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.58 | 16.22% |
R2 | 2.46 | 10.81% |
R1 | 2.38 | 7.21% |
Price | 2.22 | |
S1 | 2.21 | -0.450% |
S2 | 2.20 | -0.90% |
S3 | 0 | - |
002314 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 21, 2023 | Aug 21, 2023 | Aug 21, 2023 | ¥0.0370 | 1.04% |
2 | Jul 06, 2021 | Jul 06, 2021 | Jul 06, 2021 | ¥0.100 | 3.10% |
3 | Aug 20, 2020 | Aug 20, 2020 | Aug 20, 2020 | ¥0.0580 | 1.29% |
4 | Jul 21, 2017 | Jul 21, 2017 | Jul 21, 2017 | ¥0.207 | 3.32% |
5 | Jun 23, 2016 | Jun 23, 2016 | Jun 23, 2016 | ¥0.188 | 2.68% |
FAQ
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