Zhejiang Unifull Industrial Fibre 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
Red day on Tuesday for Zhejiang Unifull Industrial Fibre Co Ltd
(Updated on Apr 30, 2024)
No changes to the price of Zhejiang Unifull Industrial Fibre Co Ltd stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 3.76% from a day low at ¥3.46 to a day high of ¥3.59. The price has risen in 6 of the last 10 days and is up by 16.07% over the past 2 weeks.
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 Zhejiang Unifull Industrial Fibre Co Ltd stock with a 90% probability to be traded between ¥2.91 and ¥4.08 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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002427.SZ Signals & Forecast
There are mixed signals in the stock today. The Zhejiang Unifull Industrial Fibre 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 ¥3.74. On a fall, the stock will find some support from the short-term average at ¥3.42. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 16.07%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Zhejiang Unifull Industrial Fibre Co Ltd stock
Zhejiang Unifull Industrial Fibre Co Ltd finds support from accumulated volume at ¥3.44 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 ¥0.130 between high and low, or 3.76%. For the last week, the stock has had daily average volatility of 4.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002427.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Zhejiang Unifull Industrial Fibre Co Ltd to open at ¥3.53, and during the day (based on 14 day Average True Range), to move between ¥3.27 and ¥3.81, which gives a possible trading interval of +/-¥0.271 (+/-7.66%) up or down from last closing price. If Zhejiang Unifull Industrial Fibre Co Ltd takes out the full calculated possible swing range there will be an estimated 15.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.44 (2.82%) than the resistance at ¥3.74 (5.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zhejiang Unifull Industrial Fibre Co Ltd stock A Buy?
Zhejiang Unifull Industrial Fibre 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: -3.160 Sell Candidate Unchanged
Predicted Opening Price for Zhejiang Unifull Industrial Fibre Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥3.53 ( 0.282%) | ¥3.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002427.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.66 | 3.39 % | |
| R2 | 3.61 | 1.99 % | ||
| R1 | 3.58 | 1.12 % | ||
| Current price: | 3.54 | |||
| Support | S1 | 3.48 | -1.69 % | |
| S2 | 3.45 | -2.55 % | ||
| S3 | 3.40 | -3.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.01 | 13.28 % | |
| R2 | 3.89 | 9.89 % | ||
| R1 | 3.74 | 5.65 % | ||
| Current price | 3.54 | |||
| Support | S1 | 3.44 | -2.82% | |
| S2 | 2.99 | -15.54% | ||
| S3 | 2.97 | -16.10% |
002427 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2018 | Jul 17, 2018 | Jul 17, 2018 | ¥0.0073 | 0.149% |
| 2 | Jun 13, 2017 | Jun 13, 2017 | Jun 13, 2017 | ¥0.0145 | 0.0797% |
| 3 | May 19, 2016 | May 19, 2016 | May 19, 2016 | ¥0.0873 | 0.638% |
| 4 | May 07, 2015 | May 07, 2015 | May 07, 2015 | ¥0.0260 | 0.294% |
| 5 | Jun 20, 2014 | Jun 20, 2014 | Jun 20, 2014 | ¥0.0052 | 0.0779% |
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