Xiamen Wanli Stone Stock 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
Stronger technical forecast for Xiamen Wanli Stone Stock Co Ltd stock price after Wednesday trading.
(Updated on Jun 26, 2024)
The Xiamen Wanli Stone Stock Co Ltd stock price gained 2.79% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥24.37 to ¥25.05. During the last trading day the stock fluctuated 5.10% from a day low at ¥24.12 to a day high of ¥25.35. The price has been going up and down for this period, and there has been a 0.8% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 185 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ¥49.45 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Xiamen Wanli Stone Stock Co Ltd stock with a 90% probability to be traded between ¥22.87 and ¥26.35 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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002785.SZ Signals & Forecast
The Xiamen Wanli Stone Stock Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥25.27. On a fall, the stock will find some support from the long-term average at approximately ¥24.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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, June 13, 2024, and so far it has fallen -3.54%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Xiamen Wanli Stone Stock Co Ltd stock
Xiamen Wanli Stone Stock Co Ltd finds support from accumulated volume at ¥24.95 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 ¥1.23 between high and low, or 5.10%. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: ¥23.64 (-5.61%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (002785.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xiamen Wanli Stone Stock Co Ltd to open at ¥24.84, and during the day (based on 14 day Average True Range), to move between ¥23.92 and ¥26.18, which gives a possible trading interval of +/-¥1.13 (+/-4.50%) up or down from last closing price. If Xiamen Wanli Stone Stock Co Ltd takes out the full calculated possible swing range there will be an estimated 9.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥25.13 (0.32%) than the support at ¥24.95 (0.40%), 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 Xiamen Wanli Stone Stock Co Ltd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Xiamen Wanli Stone Stock Co Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.485 Buy Candidate Upgraded
Predicted Opening Price for Xiamen Wanli Stone Stock Co Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥24.84 ( 0.84%) | ¥25.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002785.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.07 | 4.07% |
| R2 | 25.60 | 2.20% |
| R1 | 25.31 | 1.04% |
| Price | 25.05 | |
| S1 | 24.37 | -2.71% |
| S2 | 24.08 | -3.87% |
| S3 | 23.61 | -5.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.63 | 2.32% |
| R2 | 25.57 | 2.08% |
| R1 | 25.13 | 0.319% |
| Price | 25.05 | |
| S1 | 24.95 | -0.399% |
| S2 | 24.70 | -1.40% |
| S3 | 24.39 | -2.63% |
002785 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 21, 2021 | Jul 21, 2021 | Jul 21, 2021 | ¥0.0070 | 0.0369% |
| 2 | Jul 18, 2019 | Jul 18, 2019 | Jul 18, 2019 | ¥0.0060 | 0.0605% |
| 3 | Aug 04, 2017 | Aug 04, 2017 | Aug 04, 2017 | ¥0.0120 | 0.0662% |
| 4 | Jul 06, 2016 | Jul 06, 2016 | Jul 06, 2016 | ¥0.0110 | 0.0358% |
FAQ
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