NavInfo 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
Evaluation of NavInfo Co., Ltd. stock downgraded after the last trading session.
(Updated on May 16, 2024)
The NavInfo Co., Ltd. stock price gained 1.03% on the last trading day (Thursday, 16th May 2024), rising from ¥6.77 to ¥6.84. During the last trading day the stock fluctuated 5.90% from a day low at ¥6.78 to a day high of ¥7.18. The price has fallen in 7 of the last 10 days and is down by -9.16% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately ¥180.80 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 -3.83% during the next 3 months and, with a 90% probability hold a price between ¥5.99 and ¥8.33 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.
002405.SZ Signals & Forecast
There are mixed signals in the stock today. The NavInfo Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥6.95 and ¥7.37. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.89%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for NavInfo Co., Ltd. stock
NavInfo Co., Ltd. finds support from accumulated volume at ¥6.74 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 ¥0.400 between high and low, or 5.90%. For the last week, the stock has had daily average volatility of 5.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002405.SZ) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect NavInfo Co., Ltd. to open at ¥6.93, and during the day (based on 14 day Average True Range), to move between ¥6.36 and ¥7.32, which gives a possible trading interval of +/-¥0.483 (+/-7.06%) up or down from last closing price. If NavInfo Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.74 (1.46%) than the resistance at ¥7.45 (8.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NavInfo Co., Ltd. stock A Buy?
NavInfo 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.102 Sell Candidate Downgraded
Predicted Opening Price for NavInfo Co., Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ¥6.93 ( 1.36%) | ¥6.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002405.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.33 | 7.21 % | |
| R2 | 7.18 | 4.98 % | ||
| R1 | 7.09 | 3.60 % | ||
| Current price: | 6.84 | |||
| Support | S1 | 6.78 | -0.87 % | |
| S2 | 6.69 | -2.25 % | ||
| S3 | 6.53 | -4.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.35 | 22.08 % | |
| R2 | 7.46 | 9.06 % | ||
| R1 | 7.45 | 8.92 % | ||
| Current price | 6.84 | |||
| Support | S1 | 6.74 | -1.46% | |
| S2 | 6.73 | -1.61% | ||
| S3 | 6.34 | -7.31% |
002405 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | ¥0.0060 | 0.0438% |
| 2 | Aug 07, 2020 | Aug 07, 2020 | Aug 07, 2020 | ¥0.0180 | 0.0914% |
| 3 | Jun 17, 2019 | Jun 17, 2019 | Jun 17, 2019 | ¥0.0093 | 0.0597% |
| 4 | Jul 27, 2018 | Jul 27, 2018 | Jul 27, 2018 | ¥0.0280 | 0.212% |
| 5 | Jun 12, 2017 | Jun 12, 2017 | Jun 12, 2017 | ¥0.0247 | 0.209% |
FAQ
Click here for our free guide on how to buy NavInfo Co., Ltd. Stock.
