Jiangsu Zhangjiagang Rural Commercial 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
Green day on Tuesday for Jiangsu Zhangjiagang Rural Commercial stock after gaining 0.242%
(Updated on Apr 30, 2024)
The Jiangsu Zhangjiagang Rural Commercial stock price gained 0.242% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥4.14 to ¥4.15. During the last trading day the stock fluctuated 2.45% from a day low at ¥4.08 to a day high of ¥4.18. The price has risen in 6 of the last 10 days and is up by 4.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 36 million shares were bought and sold for approximately ¥149.05 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ¥4.21 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Jiangsu Zhangjiagang Rural Commercial stock with a 90% probability to be traded between ¥3.93 and ¥4.28 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002839.SZ Signals & Forecast
The Jiangsu Zhangjiagang Rural Commercial 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 ¥4.09 and ¥4.04. 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). 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 Friday, February 23, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jiangsu Zhangjiagang Rural Commercial stock
Jiangsu Zhangjiagang Rural Commercial finds support from accumulated volume at ¥4.05 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 ¥0.1000 between high and low, or 2.45%. For the last week the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: ¥3.99 (-3.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (002839.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jiangsu Zhangjiagang Rural Commercial to open at ¥4.14, and during the day (based on 14 day Average True Range), to move between ¥4.07 and ¥4.23, which gives a possible trading interval of +/-¥0.0776 (+/-1.87%) up or down from last closing price. If Jiangsu Zhangjiagang Rural Commercial takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ¥4.05, some ¥0.100 (2.41%) from the current price of ¥4.15, our system finds the risk reward attractive.
Is Jiangsu Zhangjiagang Rural Commercial 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 Jiangsu Zhangjiagang Rural Commercial stock to perform well in the short-term period.
Current score: 3.765 Buy Candidate Unchanged
Predicted Opening Price for Jiangsu Zhangjiagang Rural Commercial of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥4.14 ( 0.321%) | ¥4.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002839.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.24 | 2.09 % | |
| R2 | 4.20 | 1.17 % | ||
| R1 | 4.17 | 0.599 % | ||
| Current price: | 4.15 | |||
| Support | S1 | 4.10 | -1.24 % | |
| S2 | 4.07 | -1.81 % | ||
| S3 | 4.04 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4.15 | |||
| Support | S1 | 4.05 | -2.41% | |
| S2 | 4.04 | -2.65% | ||
| S3 | 4.02 | -3.13% |
002839 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | ¥0.200 | 4.67% |
| 2 | May 05, 2022 | May 05, 2022 | May 05, 2022 | ¥0.160 | 3.07% |
| 3 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | ¥0.133 | 3.02% |
| 4 | Jun 30, 2020 | Jun 30, 2020 | Jun 30, 2020 | ¥0.125 | 2.61% |
| 5 | Jun 12, 2019 | Jun 12, 2019 | Jun 12, 2019 | ¥0.125 | 2.66% |
FAQ
Click here for our free guide on how to buy Jiangsu Zhangjiagang Rural Commercial Stock.
