14-day Premium Trial Subscription Try For FreeTry Free

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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 002923.SZ
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Zhuhai Rundu Pharmaceutical Co Ltd stock price down 1.11% on Friday
(Updated on Jun 14, 2024)

Sell candidate since May 31, 2024 Loss -7.71% PDF

The Zhuhai Rundu Pharmaceutical Co Ltd stock price fell by -1.11% on the last day (Friday, 14th Jun 2024) from ¥9.92 to ¥9.81. During the last trading day the stock fluctuated 2.46% from a day low at ¥9.74 to a day high of ¥9.98. The price has fallen in 7 of the last 10 days and is down by -8.06% 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 -314 thousand shares and in total, 1 million shares were bought and sold for approximately ¥11.83 million.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Zhuhai Rundu Pharmaceutical Co Ltd stock with a 90% probability to be traded between ¥8.91 and ¥11.22 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.

002923.SZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 1.45%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zhuhai Rundu Pharmaceutical 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 ¥9.92 and ¥10.63. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Zhuhai Rundu Pharmaceutical Co Ltd stock

Zhuhai Rundu Pharmaceutical Co Ltd finds support from accumulated volume at ¥9.67 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 ¥0.240 between high and low, or 2.46%. For the last week, the stock has had daily average volatility of 4.82%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (002923.SZ) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Zhuhai Rundu Pharmaceutical Co Ltd to open at ¥9.84, and during the day (based on 14 day Average True Range), to move between ¥9.34 and ¥10.28, which gives a possible trading interval of +/-¥0.472 (+/-4.81%) up or down from last closing price. If Zhuhai Rundu Pharmaceutical Co Ltd takes out the full calculated possible swing range there will be an estimated 9.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥9.67 (1.43%) than the resistance at ¥11.03 (12.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zhuhai Rundu Pharmaceutical Co Ltd stock A Buy?

Zhuhai Rundu Pharmaceutical Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.014 Sell Candidate Unchanged

Predicted Opening Price for Zhuhai Rundu Pharmaceutical Co Ltd of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
¥9.84 ( 0.340%) ¥9.81

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 002923.SZ

Fibonacci Support & Resistance Levels

Level Price
R3 10.08 2.79%
R2 9.99 1.85%
R1 9.94 1.27%
Price 9.81
S1 9.75 -0.595%
S2 9.70 -1.17%
S3 9.60 -2.11%

Accumulated Volume Support & Resistance Levels

Level Price
R3 11.38 16.00%
R2 11.17 13.86%
R1 11.03 12.44%
Price 9.81
S1 9.67 -1.43%
S2 9.23 -5.91%
S3 0 -

002923 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 31, 2024 May 31, 2024 May 31, 2024 ¥0.200 1.88%
2 May 31, 2023 May 31, 2023 May 31, 2023 ¥0.350 2.56%
3 May 27, 2022 May 27, 2022 May 27, 2022 ¥0.400 3.09%
4 May 28, 2021 May 28, 2021 May 28, 2021 ¥0.308 2.85%
5 Jun 09, 2020 Jun 09, 2020 Jun 09, 2020 ¥0.308 3.13%

FAQ

What is the symbol for Zhuhai Rundu Pharmaceutical Co Ltd Stock and on which exchange is it traded?
The symbol for Zhuhai Rundu Pharmaceutical Co Ltd is 002923.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Zhuhai Rundu Pharmaceutical Co Ltd Stock?
Zhuhai Rundu Pharmaceutical Co Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Zhuhai Rundu Pharmaceutical Co Ltd Stock?
Zhuhai Rundu Pharmaceutical Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Zhuhai Rundu Pharmaceutical Co Ltd Stock.

What's the current price of Zhuhai Rundu Pharmaceutical Co Ltd Stock?
As of the end of day on the Jun 14, 2024, the price of an Zhuhai Rundu Pharmaceutical Co Ltd (002923.SZ) share was ¥9.81.

What is the 52-week high and low for Zhuhai Rundu Pharmaceutical Co Ltd Stock?
The 52-week high for Zhuhai Rundu Pharmaceutical Co Ltd Stock is ¥14.06 and the 52-week low is ¥6.81.

What is the market capitalization of Zhuhai Rundu Pharmaceutical Co Ltd Stock?
As of the Jun 14, 2024, the market capitalization of Zhuhai Rundu Pharmaceutical Co Ltd is 3.285B.

When is the next earnings date for Zhuhai Rundu Pharmaceutical Co Ltd?
The upcoming earnings date for Zhuhai Rundu Pharmaceutical Co Ltd is May 16, 2025.
Click to get the best stock tips daily for free!

About Zhuhai Rundu Pharmaceutical Co Ltd

Zhuhai Rundu Pharmaceutical Co., Ltd., a pharmaceutical company, develops, produces, and markets pharmaceutical ingredients for cardiovascular, gastrointestinal, CNS, and anesthesia areas in China and internationally. It offers APIs, intermediates, FDF, and pellets, as well as formulations in the forms of capsules, tablets, and injections. The company was founded in 1997 and is headquartered in Zhuhai, China.... 002923.SZ Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT