Zhejiang Yueling 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
Evaluation of Zhejiang Yueling Co Ltd stock downgraded after the last trading session.
(Updated on May 06, 2024)
The Zhejiang Yueling Co Ltd stock price fell by -1.15% on the last day (Monday, 6th May 2024) from ¥9.57 to ¥9.46. During the last trading day the stock fluctuated 4.31% from a day low at ¥9.29 to a day high of ¥9.69. The price has risen in 7 of the last 10 days and is up by 11.16% over the past 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 -9 million shares and in total, 19 million shares were bought and sold for approximately ¥179.19 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.73% during the next 3 months and, with a 90% probability hold a price between ¥9.06 and ¥13.60 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002725.SZ Signals & Forecast
The Zhejiang Yueling Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥9.00 and ¥9.46. 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 Monday, April 01, 2024, and so far it has fallen -14.23%. Further fall is indicated until a new bottom pivot has been found. 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 Zhejiang Yueling Co Ltd stock
Zhejiang Yueling Co Ltd finds support from accumulated volume at ¥9.27 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 ¥0.400 between high and low, or 4.31%. For the last week, the stock has had daily average volatility of 5.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002725.SZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Zhejiang Yueling Co Ltd to open at ¥9.48, and during the day (based on 14 day Average True Range), to move between ¥8.71 and ¥10.21, which gives a possible trading interval of +/-¥0.750 (+/-7.93%) up or down from last closing price. If Zhejiang Yueling Co Ltd takes out the full calculated possible swing range there will be an estimated 15.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.27 (2.01%) than the resistance at ¥10.46 (10.57%), 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 Yueling Co Ltd stock A Buy?
Zhejiang Yueling 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.031 Sell Candidate Downgraded
Predicted Opening Price for Zhejiang Yueling Co Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ¥9.48 ( 0.211%) | ¥9.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002725.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.88 | 4.44 % | |
| R2 | 9.73 | 2.82 % | ||
| R1 | 9.63 | 1.83 % | ||
| Current price: | 9.46 | |||
| Support | S1 | 9.33 | -1.40 % | |
| S2 | 9.23 | -2.40 % | ||
| S3 | 9.08 | -4.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.78 | 13.95 % | |
| R2 | 10.60 | 12.05 % | ||
| R1 | 10.46 | 10.57 % | ||
| Current price | 9.46 | |||
| Support | S1 | 9.27 | -2.01% | |
| S2 | 9.19 | -2.85% | ||
| S3 | 8.75 | -7.51% |
002725 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2022 | May 26, 2022 | May 26, 2022 | ¥0.0250 | 0.236% |
| 2 | May 14, 2020 | May 14, 2020 | May 14, 2020 | ¥0.0600 | 0.633% |
| 3 | May 14, 2019 | May 14, 2019 | May 14, 2019 | ¥0.100 | 1.04% |
| 4 | Apr 25, 2017 | Apr 25, 2017 | Apr 25, 2017 | ¥0.0625 | 0.576% |
| 5 | May 04, 2016 | May 04, 2016 | May 04, 2016 | ¥0.0938 | 0.705% |
FAQ
Click here for our free guide on how to buy Zhejiang Yueling Co Ltd Stock.
