Beingmate Baby & Child Food 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
Beingmate Baby & Child Food Co Ltd stock price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of Beingmate Baby & Child Food Co Ltd stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 3.19% from a day low at ¥3.13 to a day high of ¥3.23. The price has risen in 5 of the last 10 days and is up by 4.59% over the past 2 weeks.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ¥3.17, a level that may pose a second chance to hit a runner. According to fan-theory ¥3.78 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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002570.SZ Signals & Forecast
The Beingmate Baby & Child Food Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥3.17 and ¥3.09. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.313%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Beingmate Baby & Child Food Co Ltd stock
Beingmate Baby & Child Food Co Ltd finds support from accumulated volume at ¥3.18 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 ¥0.100 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: ¥3.08 (-3.53%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (002570.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Beingmate Baby & Child Food Co Ltd to open at ¥3.18, and during the day (based on 14 day Average True Range), to move between ¥3.04 and ¥3.34, which gives a possible trading interval of +/-¥0.147 (+/-4.62%) up or down from last closing price. If Beingmate Baby & Child Food Co Ltd takes out the full calculated possible swing range there will be an estimated 9.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.18 (0.31%) than the resistance at ¥3.27 (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beingmate Baby & Child Food Co Ltd stock A Buy?
Beingmate Baby & Child Food Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.595 Hold/Accumulate Unchanged
Predicted Opening Price for Beingmate Baby & Child Food Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥3.18 ( 0.209%) | ¥3.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002570.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.28 | 2.93 % | |
| R2 | 3.25 | 1.73 % | ||
| R1 | 3.22 | 0.99 % | ||
| Current price: | 3.19 | |||
| Support | S1 | 3.15 | -1.41 % | |
| S2 | 3.12 | -2.15 % | ||
| S3 | 3.08 | -3.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.40 | 6.58 % | |
| R2 | 3.34 | 4.70 % | ||
| R1 | 3.27 | 2.51 % | ||
| Current price | 3.19 | |||
| Support | S1 | 3.18 | -0.313% | |
| S2 | 2.96 | -7.21% | ||
| S3 | 2.78 | -12.85% |
002570 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2014 | May 14, 2014 | May 14, 2014 | ¥0.406 | 2.96% |
| 2 | May 20, 2013 | May 20, 2013 | May 20, 2013 | ¥0.242 | 1.48% |
| 3 | Sep 10, 2012 | Sep 10, 2012 | Sep 10, 2012 | ¥0.292 | 3.16% |
FAQ
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