Chengdu Wintrue Holding 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 Wednesday for Chengdu Wintrue Holding Co Ltd stock after losing 0.553%
(Updated on Jul 03, 2024)
The Chengdu Wintrue Holding Co Ltd stock price fell by -0.553% on the last day (Wednesday, 3rd Jul 2024) from ¥7.23 to ¥7.19. During the last trading day the stock fluctuated 2.68% from a day low at ¥7.09 to a day high of ¥7.28. The price has been going up and down for this period, and there has been a -5.27% loss for the last 2 weeks. 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 -3 million shares and in total, 6 million shares were bought and sold for approximately ¥40.46 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ¥7.06 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.91% during the next 3 months and, with a 90% probability hold a price between ¥6.58 and ¥8.11 at the end of this 3-month period.
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002539.SZ Signals & Forecast
There are mixed signals in the stock today. The Chengdu Wintrue Holding 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 ¥7.23 and ¥8.00. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.13%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Chengdu Wintrue Holding Co Ltd stock
Chengdu Wintrue Holding Co Ltd finds support from accumulated volume at ¥7.17 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 ¥0.190 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002539.SZ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Chengdu Wintrue Holding Co Ltd to open at ¥7.19, and during the day (based on 14 day Average True Range), to move between ¥6.87 and ¥7.51, which gives a possible trading interval of +/-¥0.316 (+/-4.39%) up or down from last closing price. If Chengdu Wintrue Holding Co Ltd takes out the full calculated possible swing range there will be an estimated 8.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.17 (0.28%) than the resistance at ¥7.93 (10.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chengdu Wintrue Holding Co Ltd stock A Buy?
Chengdu Wintrue Holding 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: -1.403 Sell Candidate Unchanged
Predicted Opening Price for Chengdu Wintrue Holding Co Ltd of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ¥7.19 ( 0.0464%) | ¥7.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002539.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.38 | 2.60% |
| R2 | 7.30 | 1.59% |
| R1 | 7.26 | 0.96% |
| Price | 7.19 | |
| S1 | 7.11 | -1.06% |
| S2 | 7.07 | -1.68% |
| S3 | 7.00 | -2.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.64 | 20.17% |
| R2 | 8.47 | 17.80% |
| R1 | 7.93 | 10.29% |
| Price | 7.19 | |
| S1 | 7.17 | -0.278% |
| S2 | 7.13 | -0.83% |
| S3 | 7.11 | -1.11% |
002539 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 16, 2024 | ¥0.200 | 2.36% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | ¥0.300 | 2.97% |
| 3 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ¥0.400 | 2.40% |
| 4 | May 19, 2021 | May 19, 2021 | May 19, 2021 | ¥0.200 | 2.40% |
| 5 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | ¥0.150 | 2.22% |
FAQ
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