Hunan Keli Motor 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
High volatility in Hunan Keli Motor Co Ltd stock price on Wednesday which ended trading at ¥10.13
(Updated on Jun 26, 2024)
The Hunan Keli Motor Co Ltd stock price fell by -2.03% on the last day (Wednesday, 26th Jun 2024) from ¥10.34 to ¥10.13. During the last trading day the stock fluctuated 14.62% from a day low at ¥8.89 to a day high of ¥10.19. The price has risen in 6 of the last 10 days and is up by 13.57% 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 -24 million shares and in total, 53 million shares were bought and sold for approximately ¥538.87 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 -33.51% during the next 3 months and, with a 90% probability hold a price between ¥5.00 and ¥7.60 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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002892.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 16.04%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hunan Keli Motor 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 ¥11.24. On a fall, the stock will find some support from the short-term average at ¥9.58. 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. 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 Hunan Keli Motor Co Ltd stock
Hunan Keli Motor Co Ltd finds support from accumulated volume at ¥9.73 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ¥1.30 between high and low, or 14.62%. For the last week, the stock has had daily average volatility of 13.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002892.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Hunan Keli Motor Co Ltd to open at ¥9.74, and during the day (based on 14 day Average True Range), to move between ¥9.23 and ¥11.03, which gives a possible trading interval of +/-¥0.90 (+/-8.89%) up or down from last closing price. If Hunan Keli Motor Co Ltd takes out the full calculated possible swing range there will be an estimated 17.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥10.34 (2.07%) than the support at ¥9.73 (3.95%), 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 Hunan Keli Motor Co Ltd stock A Buy?
Hunan Keli Motor 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 Hold/Accumulate to a Sell candidate.
Current score: -2.391 Sell Candidate Downgraded
Predicted Opening Price for Hunan Keli Motor Co Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥9.74 ( 3.88%) | ¥10.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002892.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.04 | 8.95% |
| R2 | 10.54 | 4.05% |
| R1 | 10.23 | 1.02% |
| Price | 10.13 | |
| S1 | 9.24 | -8.79% |
| S2 | 8.93 | -11.81% |
| S3 | 8.44 | -16.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.64 | 24.78% |
| R2 | 11.49 | 13.43% |
| R1 | 10.34 | 2.07% |
| Price | 10.13 | |
| S1 | 9.73 | -3.95% |
| S2 | 9.67 | -4.54% |
| S3 | 9.57 | -5.53% |
002892 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | May 29, 2024 | ¥0.0900 | 0.96% |
| 2 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | ¥0.170 | 2.04% |
| 3 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | ¥0.260 | 4.55% |
| 4 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | ¥0.229 | 2.70% |
| 5 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | ¥0.230 | 3.88% |
FAQ
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