Shenzhen Aisidi 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
Shenzhen Aisidi Co., LTD. stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 06, 2024)
The Shenzhen Aisidi Co., LTD. stock price fell by -1.00% on the last day (Monday, 6th May 2024) from ¥12.05 to ¥11.93. During the last trading day the stock fluctuated 4.97% from a day low at ¥11.66 to a day high of ¥12.24. The price has fallen in 5 of the last 10 days and is down by -0.5% for this period. 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 -715 thousand shares and in total, 15 million shares were bought and sold for approximately ¥176.93 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥11.62 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 39.28% during the next 3 months and, with a 90% probability hold a price between ¥16.19 and ¥19.72 at the end of this 3-month period.
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002416.SZ Signals & Forecast
The Shenzhen Aisidi Co., LTD. 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 ¥11.62 and ¥11.60. A breakdown below any of these levels will issue sell signals. 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 Monday, April 01, 2024, and so far it has fallen -5.91%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, October 26, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, October 26, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Shenzhen Aisidi Co., LTD. stock
Shenzhen Aisidi Co., LTD. finds support from accumulated volume at ¥11.82 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 ¥0.580 between high and low, or 4.97%. For the last week, the stock has had daily average volatility of 5.29%.
Our recommended stop-loss: ¥11.44 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (002416.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Shenzhen Aisidi Co., LTD. to open at ¥11.94, and during the day (based on 14 day Average True Range), to move between ¥11.33 and ¥12.53, which gives a possible trading interval of +/-¥0.605 (+/-5.07%) up or down from last closing price. If Shenzhen Aisidi Co., LTD. takes out the full calculated possible swing range there will be an estimated 10.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥11.82 (0.92%) than the resistance at ¥12.19 (2.18%), 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 Aisidi Co., LTD. stock A Buy?
Shenzhen Aisidi Co., LTD. 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: 0.940 Hold/Accumulate Downgraded
Predicted Opening Price for Shenzhen Aisidi Co., LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥11.94 ( 0.112%) | ¥11.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002416.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.52 | 4.97 % | |
| R2 | 12.30 | 3.12 % | ||
| R1 | 12.16 | 1.97 % | ||
| Current price: | 11.93 | |||
| Support | S1 | 11.72 | -1.75 % | |
| S2 | 11.58 | -2.89 % | ||
| S3 | 11.36 | -4.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.68 | 6.29 % | |
| R2 | 12.23 | 2.51 % | ||
| R1 | 12.19 | 2.18 % | ||
| Current price | 11.93 | |||
| Support | S1 | 11.82 | -0.92% | |
| S2 | 11.53 | -3.35% | ||
| S3 | 11.40 | -4.44% |
002416 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 19, 2023 | May 19, 2023 | May 19, 2023 | ¥0.500 | 6.13% |
| 2 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | ¥0.450 | 6.23% |
| 3 | May 20, 2021 | May 20, 2021 | May 20, 2021 | ¥0.400 | 4.61% |
| 4 | May 29, 2020 | May 29, 2020 | May 29, 2020 | ¥0.200 | 2.79% |
| 5 | May 23, 2019 | May 23, 2019 | May 23, 2019 | ¥0.200 | 3.82% |
FAQ
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