SHENZHEN DAS INTELLITECH 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 SHENZHEN DAS INTELLITECH CO., LTD. stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The SHENZHEN DAS INTELLITECH CO., LTD. stock price fell by -3.10% on the last day (Tuesday, 30th Apr 2024) from ¥2.90 to ¥2.81. During the last trading day the stock fluctuated 6.32% from a day low at ¥2.69 to a day high of ¥2.86. The price has risen in 5 of the last 10 days and is up by 10.2% over the past 2 weeks. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 36 million shares were bought and sold for approximately ¥101.83 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SHENZHEN DAS INTELLITECH CO., LTD. stock with a 90% probability to be traded between ¥2.35 and ¥3.19 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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002421.SZ Signals & Forecast
There are mixed signals in the stock today. The SHENZHEN DAS INTELLITECH 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 ¥2.90. On a fall, the stock will find some support from the short-term average at ¥2.74. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -3.10%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SHENZHEN DAS INTELLITECH CO., LTD. stock
SHENZHEN DAS INTELLITECH CO., LTD. finds support from accumulated volume at ¥2.80 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 ¥0.170 between high and low, or 6.32%. For the last week, the stock has had daily average volatility of 4.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002421.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect SHENZHEN DAS INTELLITECH CO., LTD. to open at ¥2.79, and during the day (based on 14 day Average True Range), to move between ¥2.68 and ¥2.94, which gives a possible trading interval of +/-¥0.135 (+/-4.79%) up or down from last closing price. If SHENZHEN DAS INTELLITECH CO., LTD. takes out the full calculated possible swing range there will be an estimated 9.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥2.80 (0.36%) than the resistance at ¥2.96 (5.34%), 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 DAS INTELLITECH CO., LTD. stock A Buy?
SHENZHEN DAS INTELLITECH 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 Buy to a Sell candidate.
Current score: -1.724 Sell Candidate Downgraded
Predicted Opening Price for SHENZHEN DAS INTELLITECH CO., LTD. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥2.79 ( 0.83%) | ¥2.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002421.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.96 | 5.22 % | |
| R2 | 2.89 | 2.91 % | ||
| R1 | 2.85 | 1.48 % | ||
| Current price: | 2.81 | |||
| Support | S1 | 2.72 | -3.14 % | |
| S2 | 2.68 | -4.57 % | ||
| S3 | 2.62 | -6.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.01 | 7.12 % | |
| R2 | 2.98 | 6.05 % | ||
| R1 | 2.96 | 5.34 % | ||
| Current price | 2.81 | |||
| Support | S1 | 2.80 | -0.356% | |
| S2 | 2.78 | -1.07% | ||
| S3 | 2.71 | -3.56% |
002421 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ¥0.0600 | 1.63% |
| 2 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | ¥0.0400 | 1.06% |
| 3 | May 28, 2020 | May 28, 2020 | May 28, 2020 | ¥0.0300 | 0.754% |
| 4 | Jun 08, 2018 | Jun 08, 2018 | Jun 08, 2018 | ¥0.0300 | 0.668% |
| 5 | May 22, 2017 | May 22, 2017 | May 22, 2017 | ¥0.0300 | 0.518% |
FAQ
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