Guangzhou Shiyuan Electronic Tech 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
Green day on Thursday for Guangzhou Shiyuan Electronic Tech Co Ltd stock after gaining 2.02%
(Updated on May 09, 2024)
The Guangzhou Shiyuan Electronic Tech Co Ltd stock price gained 2.02% on the last trading day (Thursday, 9th May 2024), rising from ¥32.73 to ¥33.39. During the last trading day the stock fluctuated 2.66% from a day low at ¥32.72 to a day high of ¥33.59. The price has been going up and down for this period, and there has been a 2.42% 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, 596 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately ¥115.91 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ¥33.76 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.78% during the next 3 months and, with a 90% probability hold a price between ¥24.02 and ¥27.42 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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002841.SZ Signals & Forecast
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. The Guangzhou Shiyuan Electronic Tech Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥33.93. On a fall, the stock will find some support from the short-term average at ¥33.07. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -0.418%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Guangzhou Shiyuan Electronic Tech Co Ltd stock
Guangzhou Shiyuan Electronic Tech Co Ltd finds support from accumulated volume at ¥32.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.87 (2.66%) between high and low. For the last week, the stock has had daily average volatility of 4.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002841.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Guangzhou Shiyuan Electronic Tech Co Ltd to open at ¥33.23, and during the day (based on 14 day Average True Range), to move between ¥31.86 and ¥34.92, which gives a possible trading interval of +/-¥1.53 (+/-4.59%) up or down from last closing price. If Guangzhou Shiyuan Electronic Tech Co Ltd takes out the full calculated possible swing range there will be an estimated 9.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥33.53 (0.42%) than the support at ¥32.76 (1.89%), 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.
Earnings coming up
Guangzhou Shiyuan Electronic Tech Co Ltd will release earnings BMO on Thursday, May 16, 2024. We will update the financials statements for Guangzhou Shiyuan Electronic Tech Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.52% in the first trading day after earnings release.
Is Guangzhou Shiyuan Electronic Tech Co Ltd stock A Buy?
Guangzhou Shiyuan Electronic Tech 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: -3.262 Sell Candidate Unchanged
Predicted Opening Price for Guangzhou Shiyuan Electronic Tech Co Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥33.23 ( 0.469%) | ¥33.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002841.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.10 | 2.14 % | |
| R2 | 33.77 | 1.14 % | ||
| R1 | 33.57 | 0.526 % | ||
| Current price: | 33.39 | |||
| Support | S1 | 32.90 | -1.46 % | |
| S2 | 32.70 | -2.08 % | ||
| S3 | 32.36 | -3.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.24 | 17.52 % | |
| R2 | 38.29 | 14.68 % | ||
| R1 | 33.53 | 0.419 % | ||
| Current price | 33.39 | |||
| Support | S1 | 32.76 | -1.89% | |
| S2 | 32.02 | -4.10% | ||
| S3 | 31.04 | -7.04% |
002841 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | ¥1.05 | 1.69% |
| 2 | May 24, 2022 | May 24, 2022 | May 24, 2022 | ¥0.90 | 1.32% |
| 3 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | ¥1.00 | 0.81% |
| 4 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | ¥0.750 | 0.83% |
| 5 | May 10, 2019 | May 10, 2019 | May 10, 2019 | ¥0.541 | 0.717% |
FAQ
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