Baoding Technology 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 Friday for Baoding Technology Co Ltd stock after losing 1.81%
(Updated on May 24, 2024)
The Baoding Technology Co Ltd stock price fell by -1.81% on the last day (Friday, 24th May 2024) from ¥13.81 to ¥13.56. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.80% from a day low at ¥13.54 to a day high of ¥14.19. The price has fallen in 7 of the last 10 days and is down by -5.77% 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 -713 thousand shares and in total, 3 million shares were bought and sold for approximately ¥45.87 million.
Given the current short-term trend, the stock is expected to rise 13.68% during the next 3 months and, with a 90% probability hold a price between ¥15.42 and ¥20.02 at the end of this 3-month period.
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002552.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Baoding Technology 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 ¥14.14 and ¥14.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -19.04%. 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, March 07, 2024 in the short-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
The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-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 Baoding Technology Co Ltd stock
Baoding Technology Co Ltd finds support from accumulated volume at ¥13.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.650 between high and low, or 4.80%. For the last week the stock has had daily average volatility of 4.18%.
Our recommended stop-loss: ¥12.70 (-6.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 70 days ago.)
Trading Expectations (002552.SZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Baoding Technology Co Ltd to open at ¥13.76, and during the day (based on 14 day Average True Range), to move between ¥12.78 and ¥14.34, which gives a possible trading interval of +/-¥0.785 (+/-5.79%) up or down from last closing price. If Baoding Technology Co Ltd takes out the full calculated possible swing range there will be an estimated 11.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥13.45 (0.81%) than the resistance at ¥16.13 (18.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Baoding Technology Co Ltd stock A Buy?
Baoding Technology Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.632 Hold/Accumulate Unchanged
Predicted Opening Price for Baoding Technology Co Ltd of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ¥13.76 ( 1.50%) | ¥13.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002552.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.41 | 6.29 % | |
| R2 | 14.17 | 4.46 % | ||
| R1 | 14.01 | 3.33 % | ||
| Current price: | 13.56 | |||
| Support | S1 | 13.52 | -0.332 % | |
| S2 | 13.36 | -1.46 % | ||
| S3 | 13.11 | -3.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.75 | 23.53 % | |
| R2 | 16.15 | 19.10 % | ||
| R1 | 16.13 | 18.95 % | ||
| Current price | 13.56 | |||
| Support | S1 | 13.45 | -0.81% | |
| S2 | 13.37 | -1.40% | ||
| S3 | 12.96 | -4.42% |
002552 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2016 | Jun 28, 2016 | Jun 28, 2016 | ¥0.0100 | 0.0683% |
| 2 | Jul 08, 2015 | Jul 08, 2015 | Jul 08, 2015 | ¥0.0200 | 0.140% |
| 3 | May 29, 2014 | May 29, 2014 | May 29, 2014 | ¥0.0250 | 0.390% |
| 4 | Jun 21, 2013 | Jun 21, 2013 | Jun 21, 2013 | ¥0.0500 | 0.98% |
| 5 | Jun 28, 2012 | Jun 28, 2012 | Jun 28, 2012 | ¥0.100 | 1.94% |
FAQ
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