Wuhan Guide Infrared 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
Wuhan Guide Infrared CO.,LTD. stock upgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)
The Wuhan Guide Infrared CO.,LTD. stock price gained 2.92% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥5.83 to ¥6.00. During the last trading day the stock fluctuated 8.51% from a day low at ¥5.76 to a day high of ¥6.25. The price has fallen in 6 of the last 10 days and is down by -7.12% for this period. Volume fell on the last day by -3 million shares and in total, 19 million shares were bought and sold for approximately ¥116.65 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -12.11% during the next 3 months and, with a 90% probability hold a price between ¥5.11 and ¥5.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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002414.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.92%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wuhan Guide Infrared 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 ¥6.17 and ¥6.57. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wuhan Guide Infrared CO.,LTD. stock
Wuhan Guide Infrared CO.,LTD. finds support from accumulated volume at ¥5.94 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 ¥0.490 between high and low, or 8.51%. For the last week, the stock has had daily average volatility of 5.98%.
Our recommended stop-loss: ¥5.71 (-4.85%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (002414.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Wuhan Guide Infrared CO.,LTD. to open at ¥6.00, and during the day (based on 14 day Average True Range), to move between ¥5.72 and ¥6.28, which gives a possible trading interval of +/-¥0.280 (+/-4.66%) up or down from last closing price. If Wuhan Guide Infrared CO.,LTD. takes out the full calculated possible swing range there will be an estimated 9.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.94 (1.00%) than the resistance at ¥6.46 (7.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wuhan Guide Infrared CO.,LTD. stock A Buy?
Wuhan Guide Infrared CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.611 Hold/Accumulate Upgraded
Predicted Opening Price for Wuhan Guide Infrared CO.,LTD. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥6.00 ( 0.0556%) | ¥6.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002414.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.49 | 8.22% |
| R2 | 6.31 | 5.10% |
| R1 | 6.19 | 3.18% |
| Price | 6.00 | |
| S1 | 5.82 | -3.06% |
| S2 | 5.70 | -4.99% |
| S3 | 5.51 | -8.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.01 | 16.83% |
| R2 | 6.62 | 10.33% |
| R1 | 6.46 | 7.67% |
| Price | 6.00 | |
| S1 | 5.94 | -1.00% |
| S2 | 5.83 | -2.83% |
| S3 | 0 | - |
002414 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | May 24, 2024 | ¥0.0140 | 0.216% |
| 2 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ¥0.130 | 1.67% |
| 3 | May 26, 2022 | May 26, 2022 | May 26, 2022 | ¥0.350 | 3.87% |
| 4 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | ¥0.128 | 0.85% |
| 5 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | ¥0.0600 | 0.578% |
FAQ
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