Guangdong Taiantang Pharmaceutical CoLtd 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
Volatile ride for Guangdong Taiantang Pharmaceutical CoLtd stock price on Friday moving between ¥0.240 and ¥0.310
(Updated on Jun 28, 2024)
The Guangdong Taiantang Pharmaceutical CoLtd stock price fell by -3.33% on the last day (Friday, 28th Jun 2024) from ¥0.300 to ¥0.290. During the last trading day the stock fluctuated 29.17% from a day low at ¥0.240 to a day high of ¥0.310. The price has risen in 5 of the last 10 days but is still down by -43.14% 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 -24 million shares and in total, 14 million shares were bought and sold for approximately ¥4.11 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 -60.87% during the next 3 months and, with a 90% probability hold a price between ¥0.0355 and ¥0.190 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002433.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 38.10%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Guangdong Taiantang Pharmaceutical CoLtd 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 ¥0.438. On a fall, the stock will find some support from the short-term average at ¥0.269. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Guangdong Taiantang Pharmaceutical CoLtd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥0.270 and ¥0.250. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Guangdong Taiantang Pharmaceutical CoLtd finds support just below today's level at ¥0.270. If this is broken, then the next support from accumulated volume will be at ¥0.250 and ¥0.230.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥0.0700 between high and low, or 29.17%. For the last week, the stock has had daily average volatility of 22.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002433.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Guangdong Taiantang Pharmaceutical CoLtd to open at ¥0.280, and during the day (based on 14 day Average True Range), to move between ¥0.244 and ¥0.336, which gives a possible trading interval of +/-¥0.0456 (+/-15.74%) up or down from last closing price. If Guangdong Taiantang Pharmaceutical CoLtd takes out the full calculated possible swing range there will be an estimated 31.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥0.300 (3.45%) than the support at ¥0.270 (6.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Guangdong Taiantang Pharmaceutical CoLtd stock A Buy?
Guangdong Taiantang Pharmaceutical CoLtd 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: -2.910 Sell Candidate Unchanged
Predicted Opening Price for Guangdong Taiantang Pharmaceutical CoLtd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥0.280 ( 3.45%) | ¥0.290 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002433.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.350 | 20.69% |
| R2 | 0.323 | 11.47% |
| R1 | 0.307 | 5.77% |
| Price | 0.290 | |
| S1 | 0.253 | -12.67% |
| S2 | 0.237 | -18.37% |
| S3 | 0.210 | -27.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.300 | 3.45% |
| Price | 0.290 | |
| S1 | 0.270 | -6.90% |
| S2 | 0.250 | -13.79% |
| S3 | 0.230 | -20.69% |
002433 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2020 | Jul 17, 2020 | Jul 17, 2020 | ¥0.0151 | 0.329% |
| 2 | May 27, 2019 | May 27, 2019 | May 27, 2019 | ¥0.0707 | 1.36% |
| 3 | Jun 22, 2017 | Jun 22, 2017 | Jun 22, 2017 | ¥0.0320 | 0.358% |
| 4 | Jun 16, 2016 | Jun 16, 2016 | Jun 16, 2016 | ¥0.0250 | 0.267% |
| 5 | May 26, 2015 | May 26, 2015 | May 26, 2015 | ¥0.0260 | 0.128% |
FAQ
Click here for our free guide on how to buy Guangdong Taiantang Pharmaceutical CoLtd Stock.
