Shanghai Nar Industrial 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
Shanghai Nar Industrial Co Ltd stock price ended at ¥6.23 on Friday, after losing 1.58%.
(Updated on Jun 28, 2024)
The Shanghai Nar Industrial Co Ltd stock price fell by -1.58% on the last day (Friday, 28th Jun 2024) from ¥6.33 to ¥6.23. During the last trading day the stock fluctuated 5.29% from a day low at ¥6.05 to a day high of ¥6.37. The price has fallen in 6 of the last 10 days and is down by -4.89% 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 -278 thousand shares and in total, 3 million shares were bought and sold for approximately ¥20.71 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.61% during the next 3 months and, with a 90% probability hold a price between ¥4.74 and ¥6.42 at the end of this 3-month period.
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002825.SZ Signals & Forecast
There are mixed signals in the stock today. The Shanghai Nar Industrial 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 ¥6.26 and ¥6.98. 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 Monday, June 24, 2024, and so far it has risen 3.49%. 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).
A buy signal from a double bottom formation was found on Monday, June 24, 2024 and based on theory for this formation the price should go up by 26.41% to ¥7.88 within 43 trading days since signal was issued (Friday, August 23, 2024).
Support, Risk & Stop-loss for Shanghai Nar Industrial Co Ltd stock
Shanghai Nar Industrial Co Ltd finds support from accumulated volume at ¥6.14 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 ¥0.320 between high and low, or 5.29%. For the last week, the stock has had daily average volatility of 5.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002825.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shanghai Nar Industrial Co Ltd to open at ¥6.22, and during the day (based on 14 day Average True Range), to move between ¥5.87 and ¥6.59, which gives a possible trading interval of +/-¥0.355 (+/-5.71%) up or down from last closing price. If Shanghai Nar Industrial Co Ltd takes out the full calculated possible swing range there will be an estimated 11.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.14 (1.44%) than the resistance at ¥6.86 (10.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanghai Nar Industrial Co Ltd stock A Buy?
Shanghai Nar Industrial 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: -4.155 Sell Candidate Unchanged
Predicted Opening Price for Shanghai Nar Industrial Co Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥6.22 ( 0.214%) | ¥6.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002825.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.54 | 4.92% |
| R2 | 6.41 | 2.96% |
| R1 | 6.34 | 1.75% |
| Price | 6.23 | |
| S1 | 6.09 | -2.18% |
| S2 | 6.02 | -3.39% |
| S3 | 5.90 | -5.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.64 | 22.63% |
| R2 | 7.47 | 19.90% |
| R1 | 6.86 | 10.11% |
| Price | 6.23 | |
| S1 | 6.14 | -1.44% |
| S2 | 6.02 | -3.37% |
| S3 | 6.00 | -3.69% |
002825 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | ¥0.120 | 1.93% |
| 2 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | ¥0.300 | 3.43% |
| 3 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.250 | 3.30% |
| 4 | Apr 27, 2021 | Apr 27, 2021 | Apr 27, 2021 | ¥0.286 | 3.85% |
| 5 | Jun 23, 2020 | Jun 23, 2020 | Jun 23, 2020 | ¥0.143 | 2.10% |
FAQ
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